Business
NPA Expects 87 Ships In Lagos
The Nigerian Ports Authority (NPA), on Friday, said it is expecting 87 ships laden with various cargoes to arrive the Lagos ports from February 8 to February 27.
NPA said this in its daily publication, The Shipping Position, made available to newsmen in Lagos.
It said 40 of the ships were laden with containers while four were general cargo. Fifteen contained new and used vehicles.
According to the document, other ships will sail in with bulk salt, bulk wheat, bulk malt, petroleum products, truck heads, rice and steel products.
The document shows that two ships, MV African Joy and MV Khadiza Jahan would berth and discharge bulk wheat and rice at ENL Consortium Terminal and Apapa Bulk Terminal Limited respectively.
It said that 15 other ships laden with diesel, petrol, kerosene, aviation fuel and bulk gas would berth at the various oil terminals in the port.
NPA listed the oil terminals the ships will berth as New Oil Jetty, Single Buoy Mooring, Bulk Oil Plant and Ibafon Terminal, Apapa.
Meanwhile, the Manufacturers Association of Nigeria (MAN), last week, said some of the reforms being implemented at the country’s ports have impacted negatively on their production capabilities.
Chairman of MAN for Kwara and Kogi, Mr Omolola Olabayo, made this known in Ilorin after the customer’s forum organised by Doyin Investments.
“The reforms at the port are giving us problems. Our raw materials are not cleared on time and we pay more money on import duties,” Olobayo said.
She said further the reforms were being implemented unannounced, adding that the association had lodged complaints at appropriate quarters.
“I don’t think from the government policies that are being implemented they really understand what manufacturing companies stand for,’’ she added.
Olobayo urged Nigeria to borrow a leaf from China where manufacturers were granted tax waiver for five years.
“We can’t remain giants as long as we depend on other countries for our needs, especially on manufactured goods.’’
She assured her customers of improved productivity to meet their yearnings.
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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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