Business
DPR Orders Oil Firms To Reduce Offshore Workforce
Against the backdrop of the spread of the coronavirus pandemic in the country, the Department of Petroleum Resources (DPR) has directed oil and gas firms to reduce the workforce on offshore platforms.
“All travels to and from offshore/remote locations shall strictly be in line with the guide³ines and procedure for travel to offshore/swamp location and obtainment of offshore safety Permit 2019,” the Director, DPR, Mr Sarki Auwalu, said in a circular.
He said only staff on essential duties should be nominated and permitted to travel to offshore/remote locations.
Auwalu said, “Non-essential staff currently at offshore/remote locations should be withdrawn with immediate effect.
“Staff rotation less than 28 days/28 days is hereby temporarily suspended. This implies that staff are required to stay a minimum of 28 days at these locations per rotation.
According to him, Sections 4.3 and 4.4 of the guidelines still apply.
Auwalu said: “Representation by government agencies at offshore/remote locations shall be limited to a maximum of one person per rotation.
“You are to ensure strict compliance with the above while we continue to monitor the situation and provide updates as required.”
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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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