Business
‘PH Airport, Not Commercially Viable To Importers’
Renowned Customs broker and Chairman, Association of Nigerian Licensed Customs Agents (ANLCA), Port Harcourt Airport Chapter Area I, Command, Mr Eddy Unuekhai, has said that Port Harcourt International Airport at Omagwa is not commercially viable for business.
He also said, only one weekly Cargo flight patronises the airport, thereby slowing the pace of business transactions.
Unuekhai while frowning at the under utilisation of the airport said, only one quarter load of goods is received at the port, making the airport unattractive for business.
The chapter chairman who spoke to The Tide, yesterday shortly after a visit by the National President of ANLCA, Iju Tony Nwabunike to the chapter office.
According to him, more than 60 per cent of goods is carted to oil and gas free zone, while 20 per cent goes to various bonded terminals and the remaining 20 per cent are oil related equipment and other goods.
He insisted that no commercial goods come to Port Harcourt Airport.
The chapter chairman appealed to the Nigeria customs and other stakeholders to assist the body in ensuring that trade and commercial activities were boosted at the Port.
Umekhai also decried the bus activities of some officers and federal government agencies which poses a serious threat to their operations at the Airport.
Chinedu Wosu
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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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