Business
Outgoing NPA Boss Laments Lull At Ports
The outgoing Managing
Director of the Nigerian Ports Authority (NPA), Habib Abdullahi, has lamented the declining activities at the nation’s ports, due to poor export potentials.
He said the ports authorities had observed that about 90 percent of countries shipping goods leave the shores of Nigerian ports empty.
According to the outgoing Managing Director of the NPA in a statement, the level of operational activities at the nation’s ports in the first quarter of this year dropped drastically when compared to the same period in 2015.
Abdullahi stated that a recent report capturing the activities at the ports described the sea port as a catalyst for economic development through export commodities.
He noted that an analysis of the vehicle importation figure in the first quarter of 2016 showed a decline of 10 percent with a total of 27,133 units as against 30,139 units handled in the corresponding period of 2015.
“This position has been communicated to the Nigerian Export Promotion Council (NEPC) by NPA management, highlighting the need to sensitizes Nigerians of the importance of filling the vacuum through export commodities, especially solid minerals and agros allied products”, he said.
Additionally, he said, “an action plan has been initiated by the authority under his leadership by setting up interactive and follow-up sessions with the NEPC headquarters in Abuja and the Abuja Commodities and Export Commission”.
He stated that the same arrangement had been made with the ministry of solid minerals development and the Nigerian Chambers of Commerce (Lagos and Abuja branches).
He further said there is also decrease in the import general cargo at 1.8 million tones, a decrease of 48.1 per cent from 366 million tones recorded in the corresponding period in 2015″.
He urged agencies and players in both public and private sectors to support the Federal Government in its efforts to diversify the economy and cushion the effects of the crash in global crude oil prices.
He called for support for the new management team of the NPA in order for them to succeed.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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