Business
Rivers Port Receives First RoRo Vessel, Soon
Nigerian Ports Authority (NPA) last Sunday said that the Rivers Port in Port Harcourt would receive its first ever RoRo vessel in few weeks time.
NPA spokesman, Adams Jatto, said in a statement that the imminent arrival of the first RoRo vessel in Rivers Port was part of its efforts to improve vessel traffic to the Eastern Ports.
“The first Roro Vessels to berth in the history of the Rivers Port is scheduled to depart the United States of America in the middle of March and arrive Port Harcourt at the end of March or early April.
“Roro vessels are usually loaded with automobiles,” he said.
Jatto added that this was a milestone in the history of Rivers Port and the whole of the Eastern Ports.
He said that the introduction of RoRo operations would in no small measure increase the revenue base of Rivers Port in particular and NPA as a whole.
He pointed out that the achievement was traceable to intentional commitment and landmark reforms that the current NPA management had instituted toward ensuring that all ports in Nigeria become optimally functional.
He listed steps taken by the authority to include: the introduction of 10 per cent discount on harbour dues on some categories of cargoes berthing at the Eastern Ports, the dredging of Escravos Channel in Warri.
Others steps, according to him, include the deployment of equipment and machinery to improve operational efficiency, constant engagement with stakeholders towards achieving industrial harmony and peaceful co-existence, conversations with shipping companies, which saw the deployment of flat bottom vessels to Calabar.
He also listed working with the Nigerian Navy, the Nigerian Maritime Administration and Safety Agency, (NIMASA) and the Port Police Command to combat crimes on the nation’s waterways as some of the steps.
Also on the list was engaging with the Federal Ministry of Works to ensure the rehabilitation of roads access to and from ports in the region.
“The management assure of her commitment to ensuring that all ports in Nigeria operate at maximum capacity to the advantage of all Nigerians,” 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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