Business
‘APM Terminals Respects Ministerial Directive’
APM Terminals (APMT), one of the private port managers at Apapa, on Friday said that half of cargoes discharged at its terminal were now taken to bonded terminals for prompt clearance.
This is contained in a statement issued by the company in Lagos.
The statement quoted the company’s Managing Director, Mr. Martin Dirks, as saying that the decision was taken in compliance with the directive of the Minister of Transport, Alhaji Yusuf Suleiman, during his recent visit to the company’s city office at Apapa.
He said that the directive of the minister was informed by the chaotic situation he met at the office on the day clearing agents were protesting at the office.
Dirks said the company had formally complained about the threats from the Ministerial Task Force on Port Charges and Efficiency to close its office on June 15.
Dirks said his company was complying fully with the ministerial directive and that the closure of the office would lead to closure of some of its operations.
“Our city office has always been an example of professionalism and a place where our customers have been able to conclude their transactions with APMT in civilised manner.
“We all have to realise that transferring an office of this size with all the related systems and software will need proper preparation and will take a considerable amount of time.
“From the APMT side, we still maintain that should the minister visit the city office on an ordinary business day, he would find the office a conducive environment in which our customers carry out their business effectively,’’ Dirks said.
He said the APMT management had decided to expand visitors waiting area in the office to enhance its operations before the final relocation.
Dirks said a fully dedicated waiting area would be constructed by the company and the Nigerian Ports Authority (NPA) at its main terminal to create a comfortable working environment for agents.
Reports says that the Ministerial Task Force on Port Charges and Efficiency will conclude its seven-day assignment on Friday.
The task force was set up to resolve problems relating to late cargoes clearance at the ports.
Clearing agents recently threatened to withdraw their services from the ports because of delays in positioning containers for examination at APM Terminals.
APMT is the concessionaire managing the old Apapa Container Terminal and controls 75 per cent of container traffic in the country.
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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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