Business
Africa’s Aviation Woes Blamed On Poor Corporate Governance
A retired aviation professional, Captain Joshua Ibemene, has attributed the poor growth of aviation business in Africa to lack of good leadership and excellent corporate governance .
Captain Ibemene (rtd) who made the remark on Saturday in Port Harcourt during an interview with The Tide, said unless these virtues were entrenched, several billions of dollars will continue to be spent without corresponding success to show for it.
He cited demise of many mega carrier in Africa including Nigeria Airways, Echama Airways, and Air Afrique as examples of absence of focused leadership, saying that it is only good leadership that would ensure that plans and programmes were achieved within specific time frames.
According to him, “one of the most challenging problems of achieving the needed transformation in African aviation is the problem of leadership and corporate governance. We are all witnesses to the success and demise of many Africa national air carriers of the 70s, 80s and 90s. today only very few have survived good corporate governance.
You will also agree with me that in the past, huge sums of money and efforts have been invested towards revamping the aviation industry in Africa, however very little have been achieved due to the problem of lack of good governance and committed leadership. It is therefore important that we all must play active role in this task of enthroning good leaderships and good corporate governance in all facets of activities in the aviation industry, be it government, airlines, seaports, air navigation, training institutions and other areas of the industry if we must achieve sustainable growth,” he stated.
The aviation expert noted that the problems and challenges facing aviation in Africa require commitment, collaboration, cooperation and synergy of efforts among all stakeholders, adding that it was high time Africa government had common policies regulations and strategies for the sector, which will go a long way in enhancing the development and sustainable growth of aviation in Africa.
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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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