Business
Customs Agents Score BUA Low
The Association of Nigerian Licensed Customs Agent (ANLCA) Port Harcourt Seaport I branch has rated the operations of BUA Port and Terminal Limited, one of the concessionaires operating in Port Harcourt Wharf very low.
ANALCA which came up with this position in an interaction with The Tide in Port Harcourt stated that BUA has failed on its part to honour the concessionaire agreement it entered into with the Federal Government by the way it attends to matters at the port.
Speaking during the interaction, the chairman of the association, Chief Obi Chima said that if BUA management sincerely commits themselves to the concessioning agreement, the port business activities will flourish far better than what it is at the moment.Rather than embarking on programmes and ideas that will change the condition of the wharf, like what their counterpart, Port and Terminal Operators Limited (PTOL) is doing, BUA is not even prepared to maintain infrastructures it met on ground.
According to the ANLCA chairman “BUA is a disappointment in Port Harcourt Port, and I wonder why the area is being concessioned to it, when there are better operators to do the work”.
He commended the efforts of the PTOL towards ensuring that the Port Harcourt Port returns back to its original status of general cargo operations, which he said is the main crux of maintaining business.
Chief Chima however, express satisfaction with the level of commitment the PTOL has gone within the period if began operations at the wharf, which are made visible in the several infrastructures if has reconstructed, like the four key aprons, customs enforcement centres, were houses, container stacking areas and the purchase of container handling equipment.
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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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