Business
Ensg, Nurtw Agree 30% Increase In Fares
The Enugu State Government and the National Union of Road Transport Workers (NURTW) have agreed to peg increases in inter-state transport fares at 30 per cent to cushion the effect of subsidy removal.
Speaking after a closed-door stakeholders’ meeting with the Department of Petroleum Resource (DPR) and the Association of Mass Transit Owners, the state’s Commissioner for Transport, Pastor Dan Anike, said the measure would take effect from Jan.16.
Anike explained that the aim of the meeting was also to ensure adherence to the pump price of fuel in the state by marketers, adding that it would enable the citizens go about their businesses without much difficulties.
He said the state government had planned to meet with the Independent Petroleum Marketers to ensure availability of products in the state.
“The Association of Mass Transit Owners, after a closed door meeting, have also agreed that increment in the inter-city transport fares from next week will no longer be more than 30 per cent so that our brothers and sisters who have come home will have the opportunity of going back to their place of domicile.
“We are happy for this cooperation they have given to us.’’
The state’s Commissioner for Human Development and Poverty Reduction, Mr Godwin Ogenyi, said the pegging of transport fares would help reduce the sufferings of the people and enhance their livelihood.
Ogenyi said they had concluded with the intra-city transport operators to reduce the fare by N20.
“We have agreed with the local transport operators plying places like Obiagu and Abakpa to Old Park to bring down their fares to N50 per drop from the current N70.’’
The Operations Controller of the DPR, Mr Innocent Akpamgbo, pledged its commitment to regulate and enforce the price of fuel to ensure that consumers were not short-changed.
“We are to enforce, we will go to stations to make sure they do not sell above the pegged pump price.’’
The Assistant Secretary of the NURTW, Mr Godswill Okonkwo, said the meeting was a welcome development.
He said the union would take adequate measures to communicate the agreement to its members.
“We in the transport sector have agreed to at least address the hike in transport fare. Addressing it means coming down to review it on the downward because we actually appreciate the fact that our people are suffering.’’
The Chief Executive Officer of Peace Mass Transit, Mr Samuel Onyishi, commended the state government for organising the meeting.
He appealed to his colleagues in the transport sector to reduce transportation fares in the interest of the public.
The newsmen reports that all the stakeholders in the transport sector in the state were represented at the meeting.
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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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