Business
Agreement: Reps Lash Brawal Shipping
The House of Representative Committee on Privatisation and Commercialisation has lashed out on the Brawal Services, a concessionaire operating at the Onne Port for not adhering to the tenet of agreement it entered into on the port concessioning.
Speaking during an inspection tour to the company’s operational base at Onne, in Rivers State, the chairman of the committee, Hon. Njidda Ahmed Gella, accused Brawal of almost tilting away from best practices in maritime operation.
He noted that for the company to allow a rig to be anchored at its quary apron is not a welcome development. He said that Brawal’s major concern is to ensure that it brings life and competition in the maritime business through adequate provision of infrastructure that will promote its business as well as generate employment.
The chairman, after accessing the infrastructure put in place by the Brawal management, expressed disappointment over the low level of performance at the company.
Ahmed said, “Brawal has defaulted, look at the collapsed fence, look at the insecurity. They could not do anything on the fence; is it not a disgrace?”
Further more, he said “This is an investor who happens to come from this state, and he has seen other foreign investors coming to invest more here; is it not a disgrace … You see the way Intels is working, they are doing very well, and what else can we say? We need to encourage our people.”
On road network at the Onne Port, the House Committee chairman stated that what is needed at the zone is not beyond the reach of companies operating here.
He said “Instead of waiting for government to do everything, I have advised investors at Onne Port to take care of the road. It is not above them, and it is in their best interest. It is not a matter that government must do every thing for them”.
One of the House Committee members, Hon. Ibrahim Kalie, representing Soba Federal Constituency in Kaduna State has also explained that the essence of privatization and concessioning is to turn around the economy of the country and generate employment.
He noted that defaulting companies will be summoned to Abuja for further clarification on their terms of agreement.
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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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