Business
FG Names Rabiu Yadudu As FAAN MD
The Federal Government has appointed Captain Rabiu Hamisu Yadudu as the new Managing Director of the Federal Airports Authority of Nigeria (FAAN).
Yadudu until the recent appointment was the Director of Operations, FAAN and a pilot with considerable industry experience.
He replaces Saleh Dunoma , who had spent over three decades in the airport authority, before he was appointed many years ago.
Sources within the authority said the appointment has been received with mixed reactions from workers.
Yadudu’s entry according to industry watchers is another attempt by the outgoing Minister of State, Aviation, Hadi Sirika to entrench some interest in the sector.
Yadudu hails from Kano State, replacing Dunoma, who hails from Borno State.
In a statement issued by Deputy Director, Press and Public Affairs, Ministry of Transport, Aviation, James Odaudu, the appointment takes immediate effect.
The statement reads:” President Muhammadu Buhari has approved the appointment of Captain Rabiu Hadudu as the new MD of FAAN.
“Yadudu an ICAO / ACI accredited Airport Professional, holds professional certifications in Avionics, Airport Safety Management Systems, Airport Security Management, and others”.
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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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