Business
Boat Collision Claims Three Lives In Rivers
At least, three persons
were feared dead on Tuesday following a boat collision along Ikpukulubie Creek, near New Road, Port Harcourt in Rivers State.
According to an eye-witness, the victims, two female and a male were among passengers in two commercial outboard engine boats bound for Nembe in Bayelsa State and Bonny in Rivers State before the unfortunate incident occurred.
The eye-witness simply gave the names of the victims as Austin Elija from Ondo State who was the driver of the Nembe –bound boat and member of the Nembe Boat Drivers Union, while the two ladies were Rose from Bayelsa State and the other person was from Andoni.
It was learnt that the boats were over loaded with goods which made it difficult to pick up speed as they were trying to look for a shallow river to enhance take-off.
The eye-witness said the boats were carrying about 32 passengers, while others who sustained injuries following the collision were receiving medical attention in hospitals in Port Harcourt.
Confirming the incident, the Beach Master, Bonny Marine Transport Association, Comrade Henry Jumbo, said it was unfortunate as lives were involved in the boat collision which was rare in the creek.
Jumbo however noted that the association always stressed the need for safety of lives and property, but regretted over the occurrence which took place at about.
Collins Barasimeye
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Business
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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