Business
Lagos Port Access Roads Get Facelift
The Managing Director of Nigerian Ports Authority (NPA), Alhaji Omar Suleiman, has said that the Federal Government has approved contracts for the rehabilitation of all roads within the Lagos ports.
Suleiman disclosed this while conducting newsmen around the ports on Wednesday.
He said that the contract for the road linking Tin-Can Island Port with the Ports and Terminal Multi-Services Limited would cost N526 million.
The NPA chief executive said that the rehabilitation of the 3.1-kilometre road would be completed in 19 weeks and that the project would be executed in phases to prevent congestion.
He said that the rehabilitation of the Kirikiri phases 1 and 2 access roads had also been awarded and would take 18 weeks to complete.
The managing director said the rehabilitation of the access road from Apapa to Lilypond Inland Container Terminal had also been awarded to PW Construction.
Suleiman said that the work would commence within three weeks and would be completed in six weeks.
He said that the access road from Bull Nose Apapa port to the port main gate had become an embarrassment to the NPA management.
The managing director said the 835-metre Honeywell access road, which also served a lot of industries around the Tin-Can Island port, was completed at a cost of N611 million in less than a year.
He said NPA had also completed the installation of solar street lights from the Apapa Port exit gate to a reasonable distance on Creek Road to provide visibility at night.
Suleiman said that the street light project, which started in January, was completed at a cost of N44m.
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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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