Business
Customs Recommits To Anti-Smuggling Crusade
The Nigeria Customs Service (NCS) says that it would continue to check the activities of smugglers in the country in order to boost the nation’s economy.
The Controller, Federal Operations Unit (FOU), Zone ‘A’ of the Nigeria Customs Service (NCS), Comptroller Muhammed Uba disclosed this last Friday in Lagos.
“Our problem always is to increase our tempo of pursuing the smugglers to make sure that we bring them to book so that this illegality should be reduced to the barest minimum. That’s our plan.
“We sleep with it, we wake up with it in order to make sure that we bring them down so that we save our economy from extinction.
We employ the service of other security agencies and other patriotic elements to make sure that this society is crippled, it will affect everybody”, Uba said.
The customs boss frowned at the recent interception of some animal parts caught in some Chinese residents in Lagos.
Uba said that trade in such wildlife parts were prohibited internationally. “Pangolin shells, elephant tusks like you know, they are wildlife animals classified as endangered species.
“Trade in such animals and their product is prohibited internationally.
They fall under Schedule 6 of the Common External Tariff, Item 7, absolutely prohibited for exportation.
“It is globally protected by the World Customs Administration in each country and it could be recalled not too far ago, Pangolin Day was marked worldwide.
“Now it is the responsibility of the Federal Ministry of Environment to protect our habitat-fauna and flora, animals and plants.
“It is their responsibility to make sure this environment is safe for us, so that these animals will not go into extinction”, Uba said.
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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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