Business
PH Port: Concessionaire, Shipping Firms Partner On Service Delivery
A port operator in Port Harcourt Wharf, the Port and Terminal Operator Limited (PTOL), has reached an agreement with some shipping lines, including the Maersk Line shipping Company to be the company’s official liners that will convey cargoes to Port Harcourt Wharf.
This is part of efforts so far made by the port operator on the process of returning the port to containerised cargo operations which had eluded the port for some years now.
Making this known to The Tide in Port Harcourt, the Public Relations Officer (P.R.O) of the company, Mr Joe Ogudu said his company had to go into such arrangement with shipping lines, so as to secure their confidence to enable the concessionaire operate the general and container cargo services.
Apart from Mearsk line shipping, the P.R.O. also said that another shipping liner from China has also been contacted for the same purpose, which has given them assurance of conveying container cargoes to the port.
The image maker also hinted that his organisation, in company of the comptroller of Area One Command, Nigerian Customs Service and the Chairman of Association of Nigerian Licenced Customs Agents (ANLCA) had embarked on a mission to woo importers as well as meet the management of these shipping lines in order to win their confidence.
He also said that the stage is almost set for these vessels to begin to berth at the wharf, adding that it takes such serious efforts and commitment to win back the confidence of importers and the shipping liners to the port.
However, Ogudu posited that the challenge before the port concessionaire is how to meet the targeted number of containers that is required for every shipment of cargo for the Port Harcourt.
Corlins Walter
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Business
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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