Business
Npa Boss Assures On Waterways Security
The Managing Director,
Nigerian Ports Authority (NPA), Ms Hadiza Usman, has said that the management will improve on the existing security arrangements with the Nigerian Navy and other stakeholders in the maritime subsector.
According to a statement by the General Manager, Public Affairs, Chief Michael Ajayi on Saturday in Lagos, the managing director said that securing the nation’s waterways will impact positively on revenue generation.
Usman received the Flag Officer Commanding (FOC), Western Naval Command of the Nigerian Navy, Rear Admiral Ferguson Bobai, and other senior officers on a working visit to the NPA Corporate Headquarters, Marina, Lagos.
She called for effective monitoring of vessels vis-a-vis improved operational efficiency.
According to her, the NPA would ensure that the enhanced relationship with the Navy is sustained through information sharing.
Usman spoke on the berthing space for Naval ships anchored in the jetties and the on-going repairs therein.
She informed the Naval team that the management of NPA would work toward granting the Navy a temporary berthing space, pending the rehabilitation of its facilities.
Usman urged the Naval Authorities to immediately reconvene the committee set up to facilitate the Dredging at the Tarkwa Bay Turning Base and proceed with the implementation of the earlier recommendations and positions as agreed.
She promised that the NPA management would financially support the project via budgetary provision and allocation in the next fiscal year.
The Management Director called for maximum use of the Command, Control, Communication and Intelligence (CCCI) of both organisations through the swift deployment of its personnel aimed at collaborating on information sharing toward operational security.
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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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