Business
Abuja-Kaduna Rail Begins Daily Express Train Service
Nigerian Railway Corporation (NRC) yesterday said the Abuja-Kaduna standard gauge line has begun daily express train service from Abuja to Kaduna.
The Principal Public Relations Officer, Mrs Nafisa Bello disclosed this in an interview with newsmen in Abuja.
Bello said that the express trains were the first and last trip from Monday to Saturday at about 7 a.m. and 6 p.m. from Idu and 6.40 a.m. and 6 p.m. from Rigasa without stopping at other stations.
She said that based on the new additional coaches, the timing and performance had improved to meet up with the passengers demand.
According to her, they run four round trips from Monday to Saturday from Idu station to Rigasa, with two round trips on Sundays.
“With the additional new coaches, we have started an express train service which is the first and last train of the day, 6 a.m. and 6 p.m. from Idu station, then 6.40 a.m. and 6 p.m. from Rigasa, except on Sunday.
“We run four round trips from Monday to Saturday; from Idu station we have train for 7 a.m., 9.50 a.m., 2.20 p.m. and 6 p.m.; also from Rigasa we have 6.40 a.m., 10.35 a.m., 2 p.m. and 6 p.m.
“On Sunday we have just two round trips which are 12.30 p.m. and 5 p.m. from Idu station then 1 p.m. and 4 p.m from Rigasa.”
Responding to allegation on officials in Kubwa station selling tickets without available seat to passengers on Jan. 19, she, said the case was being investigated.
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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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