Business
Chanchangi Begins Yola Flight Operations
Chanchangi Airlines Ni
geria Ltd., last Sunday commenced daily flight operations from Lagos to Yola International Airport, Adamawa, with an impressive turnout of passengers.
Mr Olu Balogun, the Group Public Relations Manager of the airline, told newsmen in Lagos during the inaugural flight, that Yola route remained viable for the airline.
He said that the operations became inevitable as a result of the acquisition of a Boeing 737-500 aircraft.
Balogun said the airline would start flight operations at Port Harcourt International Airport before the end of September, adding that another aircraft of the airline would arrive in November.
He said that a number of passenger-friendly services would be introduced as part of measures aimed at repositioning the airline to meet future challenges.
Balogun thanked all the agencies and management team of the airline for their understanding during the its trying period.
Mr Bashir Adamu, Acting Head of Operations, Yola International Airport, said that the airline had brought more revenue to the Federal Airports Authority of Nigeria (FAAN).
He said that the airline had also brought succour to air travellers in the region.
Adamu urged the management of the airline to regularly schedule flights to Yola International Airport, so that passengers would have confidence in its operations.
He also advised other airlines to schedule flights to Yola Airport as a result of the high passenger traffic on the route.
Reports say that Arik and Med-View airlines also operate scheduled flight operations into the Yola Airport.
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Business
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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