Business
OFD: Association Urges FG To Gazette Onitsha Port
Anambra State Shippers
Association has urged the Federal Government to gazette Onitsha River Port as port of final destination for goods coming into the country.
The President of the association, Mr Emma Akpaka, made the call while speaking to newsmen in Onitsha, Anambra State.
Akpaka spoke against the backdrop of the negative effect of locking up the multi-billion Naira Onitsha River Port project for over three years.
“Onitsha Port should be gazetted as a port of final destination for cargos and containers coming from any part of the world.
“As a matter of urgent public and economic importance, the Federal Ministry of Finance should make it a reality,” he said.
Akpaka said that when Onitsha River Port would be fully operational, it would aid decongestion of Onne Port in Rivers State.
He said that millions of Naira and the jobs creation capacity that would follow the port were being denied in some local government councils in Delta and Anambra.
Akpaka identified those councils as “Onitsha North, Onitsha South, Ogbaru, Anambra East, Anambra West (in Anambra) as well as Asaba and Oshimili North (in Delta).
“An efficient Onitsha port will develop the waterways transport system along the entire communities close to the River Niger.
“Also, there will be less gridlock and excessive load that wear out tarred roads in the country,” he said.
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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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