Business
Society Decries Under-Utilisation Of Nigeria’s Ocean, Water Resources
The Society of Testing Laboratory Analysts of Nigeria (SoTLAN), has decried the under-utilisation of the country’s ocean and water resources.
The Acting President of SoTLAN, Dr Femi Oyediran, conveyed the association’s viewpoint in an interview with newsmen in Lagos.
According to him, Nigeria can get a lot of benefits by utilising the resources of the ocean optimally and protecting them for future generations of its citizens.
”Nigeria is not making the best use of its ocean resources. The marine environment is the abode of largest ecosystems but we are not exploiting the resources to the fullest.
”If properly utilised the vast ocean and water resources can bring the country out of the current economic recession,” he said.
Oyediran said that a healthy ocean was fundamental in efforts to curb the effects of climate change globally, adding that human activities had taken their toll on the health of the ocean.
The acting president, who is also an ecologist and toxicologist, said that poor methods of fishing as well as water management and transportation had resulted in serious pollution of the ocean environment.
According to him, they have also posed a threat to fishing and other marine populations.
”The ocean is absorbing the products of our activities like emissions from vehicles and carbon dioxide from other sources, as we destroy trees and do not plant enough tress to absorb them.
”However, if the carbon is too much, it will cause ocean acidification, which is not good for us and the marine environment,’’ he added.
Oyediran said that there was an established balance in nature, adding that whenever there was a shift in any area, it would affect the other areas.
He advised the citizens to always focus on sustainable consumption and production patterns.
He said that conscious efforts should be made to remove waste, shipwrecks and other debris from the ocean, as they often made the ocean to become warm.
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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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