Business
AIB Releases Preliminary Report On Med-View Airline Incident
The Accident Investigation Bureau (AIB), has released the preliminary report on serious incident involving a Boeing 737-500 aircraft owned and operated by Med-View Airline.
The General Manager, Public Affairs, AIB, Mr Tunde Oketunbi, disclosed this in a statement in Lagos yesterday and made available to The Tide.
Oketunbi said investigation on the occurrence was still ongoing while final report on the incident would be released at the conclusion of the investigation.
The AIB official explained that the aircraft was with nationality and registration marks 5N-BQM.
He noted that it was enroute Murtala Muhammed International Airport, Lagos on July 23, when the incident occurred at 32,000 feet above mean sea level FL320.
Oketunbi said the preliminary reports were not the final reports as they contain details of the initial facts, discussions and findings surrounding the occurrences.
“This include information gathered from witness statements, flight recorders, Health and Usage Monitoring System (HUMS) Data.
“Others are the Flight Data Monitoring (FDM) data, preliminary inspection of the accident sites and the wreckage,” he said.
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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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