Business
Again, Emirates Airline Suspends Flights From Nigeria
Emirates Airlines has suspended flights from Nigeria to Dubai for two weeks, until February 28, 2021.
It said travellers from both Abuja and Lagos would not be accepted for travel prior to the date, according to a statement issued by the airline on Wednesday.
Also, the airline warned that passengers who have been to or connected through Nigeria in the last 14 days would not be allowed entry into the United Arab Emirates (whether terminating in or connecting through Dubai).
The statement read, “In line with government directives, passenger services from Nigeria (Lagos and Abuja) to Dubai are temporarily suspended until February 28 2021. Customers from both Abuja and Lagos will not be accepted for travel prior to or including this date.
“Passengers who have been to or connected through Nigeria in the last 14 days are not allowed entry into the UAE (whether terminating in or connecting through Dubai)”.
Emirates noted that flights from Dubai to Lagos and Abuja would continue at the normal schedule as it urged travellers to contact the airline’s customer centre or their booking agent in terms of rescheduling.
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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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