Business
NIMASA Moves To Encourage Indigenous Ship Owners
Following the stern measures put in place by the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure that only Nigerians flagged vessels participate in ship-to-ship transfers, indigenous ship owners who have been worried over their inability to participate in lifting petroleum products may soon heave a sigh of relief.
The Tide investigation revealed that the agency had recently sent out a marine notice, declaring that transfer of products from ship to ship to foreign-flagged vessels in Nigeria is illegal. It was gathered that the refined products are brought into the country by mother ship, which anchor on high seas so that smaller vessels could come and transfer the products to the jetties.
A staff of NIMASA, in Port Harcourt office who spoke on condition of anonymity told The Tide that the Director-General of the agency had concluded plan to acquire platforms to enable it carry out enforcement.
He noted that the agency has documentations to buy four boats with 45 horse power each. Also, in this year’s tender, the agency is hoping to buy 28 big boats and an additional helicopter. “When we are talking about 28 boats, we are talking about a big boat that has on board, two or three interceptors,” he said.
According to him, the earlier helicopter was faulty and the engine had been taken back to the manufacturers because it is still within the warranty period, adding that once the helicopter is working, the agency will put the radar on and it is going to be a surveillance helicopter.
He asserted that the boats will go out to sea and when they spot offenders, smaller boats will be used to pursue them, saying that NIMASA Director-General, Omatseye has however, urged the indigenous ship owners to make efforts to meet the requirements set to participate in lifting petroleum products, which include ensuring the vessel is classed and must have P&I cover, because that is what the foreign vessels are using.
He explained that if the indigenous owners get the requirements done, and are still being deprived the contract to lift, they should say it, adding that some of indigenous vessels are actually not good enough.
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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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