Business
Customs Intercepts N2.55bn Goods In Zone A
The Federal Operations Unit (FOU) Zone ‘A’ of Nigeria Customs Service (NCS) has intercepted various contraband with Duty Paid Value (DPV) of N2.55 billion between March 1 and March 19.
The Area Controller of the Unit, Alhaji Muhammed Uba, told newsmen in Lagos yesterday that the seized items included 16 exotic vehicles of mostly 2017 model.
“The intercepted goods are 7,201 bags of foreign parboiled rice; 1,172 cartons of frozen poultry products; 1,352 jerry cans of vegetable oil; 72 bales of used clothing and 46 pieces of used tyres.
“Also, 407 sacks of Pangolin scales and 629 pieces of textile Ankara material among others.
“Remarkably, among the seizures is the interception of 3,351 bags of rice and 669 jerry cans of vegetable oil intercepted along Iseyin, Oyo/Osun axis.
“The evacuation of 1,235 bags of rice from a warehouse in Ogbomosho based on credible intelligence despite resistance.
“It is important to remember that ban on importation of foreign rice through the land was meant to encourage efficiency in local production,” Uba said.
The controller said that 3,351 bags of parboiled rice were smuggled by a truck carrying beer.
Uba said that Customs intercepted six of the seized vehicles along Lekki-Epe Expressway, adding that they intercepted the remaining 10 at various locations within the unit’s jurisdiction.
He said that a truck of 407 sacks of pangolin scales weighing 10,263kg and valued at N2.09 billion were evacuated from an apartment at No. 64 Opebi Rd., off Toyin St. Ikeja, Lagos within the weeks under review.
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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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