Business
NiMetTo Monitor Marine Forecast With N1bn Equipment
The Nigerian Meteoro logical Agency (NiMet), has announced that it would be deploying N1 billion for the procurement of equipment to provide forecast for the country’s marine sector.
Director-General, NiMet, Mansur Matazu, told journalists in Abuja on Monday that although the agency was under the Federal Ministry of Aviation (FMA) it had been mandated to extend its functions to the marine sector.
He also stated that northern parts of Nigeria were currently more vulnerable to high intensity rainfall, as climate change had further worsened the situation.
He disclosed this while speaking at the African Swift Testbed-3 Workshop on Nowcasting and Users Co-production, adding that the N1 billion for marine forecast facilities was based on approvals of the FMA.
Fielding questions from journalists on the side-lines of the event, Matazu said, “Recently, we rolled out our policy thrust, one of which was to expand services to non-aviation sectors. One of such critical sector is the marine sector.
“Nigeria has more than 800km stretch of coastline, with a lot of busy seas around us and shipping activities. So as part of our establishment Act, we were mandated to provide marine forecast for ocean going vessels.”
He added, “We need to do a lot of installations, especially on high sensitive instruments to monitor the weather conditions around the coasts. This is a very capital intensive programme that involves the purchase and installation of tidal gauge and other marine equipment.
“This is just the first phase and we are going to expand by next year. Also, I must state here that this is based on the huge support we are getting from the Federal Ministry of Aviation.”
On flooding, Matazu noted that the period between July and September would witness a lot of flooding.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
Niger Delta5 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Niger Delta5 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Nation5 days ago
Maternal Mortality: RSG Identifies 6 High Risk Local Government Areas
-
Niger Delta5 days agoOkpebholo Assures Corps Members Of Improved Welfare
-
News3 hours agoRivers Targets Economic Growth, Jobs Through Investor-Friendly Policies
-
News2 hours agoGovs Move To Prioritise Sugar For Industrial Growth
-
News2 hours agoLand ownership disputes are civil matters, not police cases – FCID
-
News3 hours agoUrban Nigerians enjoy 40% faster internet than rural users — NCC
