Business
Agencies Sell N125.7bn Air Tickets
The National Association of Nigeria Travel Agencies (NANTA) has said that N125.7 billion worth of air tickets were sold by travel agents in Nigeria between January and September this year. Its National President, Alhaji Aminu Agoha, disclosed this at the on-going 8th edition of AKWAABA, an African Travel Market Expo in Lagos.
He said that the sales were on Billings and Settlement Plan (BSP) platform.
Agoha said that NANTA members sold tickets worth N147.9 billion in 2011, adding that this indicated a high number of foreigners visiting the country.
Mrs Tinuke Nwakohu, who represented Agoha, said that the figures excluded sales by other airlines not on the BSP platform.
“With this huge volume of business generated by agencies, it is imperative that their activities are well regulated and controlled to ensure that they are conducted within the confines of the law, “ he said.
Agoha said that the association was maintaining a comprehensive data of all travel agencies in Nigeria and ensuring that their activities were in compliance with strict rules on their operation “NANTA ensures constant dialogue with airlines and other regulatory bodies on behalf of its members on various issues and aspects of the travel business.
He said that the association would continue to exchange ideas with its counterparts within the African continent and take advantage of opportunities in the sector.
According to Agoha, it is apparent that the role of NANTA is critical to the development of aviation industry in Nigeria.
He said that NANTA had been encouraging its members to attend international trade shows and promoting Nigeria.
“The NTDC on its part has offered to sponsor willing NANTA members to these trade shows to showcase Nigeria’s tourism potential and exhibit their tour packages,” he said.
Agoha advised government to provide enabling environment for tourism to thrive, adding that the major setbacks must be addressed before the nation could achieve a reasonable level of tourism inflow.
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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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