Business
Aviation Unions Protest Govt’s Concession Of Airports
The three industrial
unions in the nation’s aviation sector, namely Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE) and the National Union of Pensioners (NUP) have kicked against the federal government’s planned concession of Lagos, Abuja, Kano and Port Harcourt airports.
In a joint statement by the unions in Lagos on Wednesday, the unions said that the Federal Airport Authority of Nigeria (FAAN) should not be killed in the name of concessioning the airports.
The unions urged the federal government to reconsider such decision in the interest of industrial peace within the sector, stressing that the concession of the airports is a threat to the nation’s security and amounts to economic terrorism.
The unions further urged the government to review FAAN’s concession agreements with Nigerian Companies, B-Courtney Aviation Services Limited and Avitech.
However, The Tide had learnt that the federal government has planned the concession of the four major airports to increase their capacities and efficiency in service delivery.
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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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