Business
Nigerians Demand More Awareness On Trade Liberalisation Scheme
Participants at a sensitisation programme of the Economic
Community of West African States (ECOWAS) have called for more awareness on the
commission’s protocols on trade liberalisation and partnership agreement.
The three-day sensitisation was organised in Lagos by the
ECOWAS Commission in partnership with the Ministry of Foreign Affairs.
The sensitisation, was on “Protocols, Conventions and
Activities of the ECOWAS Integration Processes in Nigeria’’.
Mr Gabriel Ekpo, Export Manager, Flour Mills of Nigeria,
said that many traders were ignorant of the Trade Liberalisation Scheme (ETLS)
and EU-ECOWAS Economic Partnership Agreement (EPA).
He said that Nigeria particularly should enlighten its
citizens more on the protocols and the agreement.
He said that Nigeria controlled over 70 per cent of trade in
West Africa and had 499 approved companies as such should employ ETLS as a tool
to boost trade.
Ekpo said that nothing much had been achieved in the
implementation of the ETLS due to reluctance of some ECOWAS member-states to
domesticate the protocol and accept ETLS approved products.
He also decried the delay in processing ETLS forms as well
as difficulty in completing the forms.
The export manager said that processing of the forms should
not exceed 90 days.
A Deputy Controller of Customs, Mr Samuel Nkenchor, who
represented the Nigeria Customs Service, also urged more sensitisation to
facilitate free movement of goods in West Africa.
Nkenchor, who is in charge of the Murtala Muhammed
Internationa Airport Command, said that there was the need to educate traders
of the benefits in ETLS and EPA.
He said that this could be achieved through seminars and
workshops.
He spoke on “Nigeria’s Perspective on the ECOWAS Trade
Liberalisation Scheme’’.
The deputy controller said that such awareness would
facilitate free movement of goods and boost trade within the West African sub
region.
He explained that there were rules and regulation governing
the ETLS, and traders should ensure that their goods were qualified for the
scheme before pushing for it.
Nkenchor said that under ETLs, goods were granted total
exemption from import duties and taxes, but that such goods must meet the laid
down conditions.
He said that the conditions included that such goods must
originate from ECOWAS member-states and should be either unprocessed goods,
traditional handicraft or industrial goods.
The Director of Communications, ECOWAS Commission, Mr Sunny
Ugo, said that Nigeria had not made the necessary internal sensitisation that
would build a consensus as to how to respond to the EPA.
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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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