Business
Osinbajo Gives Lagos Airport Managers Marching Order
The Acting President, Prof. Yemi Osinbajo, has given an order to correct many of the problems already identified at the Murtala Mohammed International Airport, (MMIA), Lagos.
Osinbajo, who gave the order when he paid a surprise visit to the Nigeria’s major international airport in Lagos, said the order was in line with the Presidential Enabling Business Environment Council action plan to push ease of doing business reform in the country.
“As part of our work on the ease of doing business, on making the environment friendly, not just for local business but also for those who want to come and do business in Nigeria, the airport obviously is one of the major places where we need to ensure that facilities are working.
“We need to ensure that thing are being run properly. We have looked around, and we have seen some of the equipment.
There are many things that need to be corrected, and we have to work on them as quickly as possible”, he said.
The acting president on the visit also inspected the toilets, noticed some of the non-functioning carousels in the arrival hall, went to the immigration officials to check the progress of plans to grant visa on arrival to foreign investors.
He also observed the non-functioning air-conditioners and chillers in the departure and arrival halls, the escalators and elevators that are in various states of disrepair, among several others.
Osinbajo was accompanied on the visit by the Minister of State for Aviation, Senator Hadi Sirika, and further promised that the council is trying to improve the business environment in three broad respect; the entry and exit of goods, persons, and efficiency in government agencies.
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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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