Business
Transporter Urges RSG To Promote Mass Transit System
A chartered transporter in Port Harcourt, Mr Basil Opara, has urged the Rivers State Government not to relent in promoting a shift from private transportation mode to mass transit system in the state.
Opara, who is a fellow of the Chartered Institute of Transport and Logistics in Kaduna, while reacting to the present transport situation in the Rivers State capital, noted that government seemed to be losing interest in the mass transit system.
According to him, as economies grow, especially in the developing world, the demand for personal vehicles also rises, which in turn continues to put pressure on the environment as emission levels rise.
He noted that rapid urbanisation had led to transport activities resulting to an increase in petroleum dependence, congestion, air pollution and traffic fatalities.
Opara said “the sector’s over reliance on a single fossil resource (petroleum) is responsible for at least 25 per cent of the world’ energy-related Green House Gas (GHG) emissions.
He said the way out of the problem was to increase the efficiency of fuel energy by improving train efficiency and recapturing energy losses.
“We must reduce emission of non-carbon-dioxide Green House Gas (GHGs) from vehicle exhausts and promote transport mode shift from personal, individualised transport to mass transit,” Opara stated.
The transporter also advised the state government to put all hands on deck to make this shift happen as it was environmentally friendly to do so.
Corlins Walter
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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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