Business
Nigeria Eyes IMO Category ‘B’ Seat
The Federal Government of Nigeria has started making moves towards ensuring that Nigeria moves away from the category ‘C’ to clinch the category ‘B’ of the International Maritime Organisation (IMO) council seat, come 2011.
Reliable source from the Nigerian Maritime Administration and Safety Agency (NIMASA) in Port Harcourt has informed The Tide that the moves by Nigeria to clinch the category “B” council seat commenced with the campaign for re-election into the category “C”, which will also serve as guide to Nigeria, into moving up to category B of the IMO council in year 2011.
To this end, it was gathered that the Federal Government has stepped up efforts at ensuring that Nigeria retains her seat in the category ‘C’, and that as part of the efforts to sustain that, the Minister of Transport, Alhaji Ibrahim Bio has inaugurated two committees to work at ensuring that the bid is successful at the end of this first phase for 2009 last quarter taking place in London.
The main committee is headed by the permanent secretary, Federal Ministry of Transport, with the director of maritime services as alternate chairman.
Other members of the committee include, the Chief Executive Officers (CEOs) of the Nigerian Ports Authority (NPA), Nigerian Shippers Council, as well as representative of Indigenous Ship Owners Association of Nigeria and the Nigeria Chamber of Shipping. The head of Public Relations of NIMASA, Hafia Lami Tumaka is also a member of the main committee.
On the other hand, the technical committee is made up of the Director General of NIMASA, Mr Temisan Omatseye, as the chairman, while member include, Captain A. S. Olopoenia, Barrister Matthew Egbadon, Mr William Azu, Mrs. J. A. Gunwa and Heaky Dimowo, all of NIMASA, while Engineer Grema and Joshua Okpo are from the Federal Ministry of Transport.
It would be recalled that Nigeria returned to category “C” of the IMO council in November 2007, after two unsuccessful attempts at getting back the seat in 2003 and 2005.
The category ‘C’ which Nigeria belongs to at the moment, has 20 members who are often elected in a keen contest at the bi-annual event which signposts a country’s relevance, both at regional and at the world body levels.
The committee members had acknowledged the enormity of the task at hand, and has expressed their desire to deliver, even as the battle appears toughest, in the history of IMO, considering the number of countries that indicated interest to contest.
Corlins Walter
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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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