Business
‘Business Aviation Needs Effective Regulation’
The Chief Executive Of
ficer of Overland Airways, Captain Edward Boyo, has said that business aviation which constitutes about 50 per cent of airline operations in Nigeria needs to be effectively regulated in the country.
Boyo stated this in a paper he delivered at the Business Aviation Forum held recently in Lagos.
According to him, business aviation is a relatively new area of increased activity which is yet to receive the level of regulatory attention as the scheduled commercial aircraft operations in Nigeria which has attracted strong regulatory attention over the years over safety, security and other concern”.
The CEO of Overland Airways said the effectiveness of the Nigerian Civil Aviation Regulations (NCARs) was dependent on NCAA’s overall capacity and capabilities, as well as the willingness among operators to comply with its regulation.
The major area of difficulty and resistance to NCAA regulation is the use of licences and certificates for unapproved operations for example, using licences for private operation to carry out commercial operations. This has promoted the NCAA to issue directive to operators to regularize their licences and certificates and streamline their operations. Business aviation is a major contributor to economic growth and development and should be given adequate political support to thrive”, Boyo said.
He stated that policy and regulation should be reviewed and implemented, where the regulators also get enhanced capacity and funding, while operators must decide to obey regulations and ensure that their licences and certificates are used for the purposes approved by the NCAA and not engaged in illegal operations.
Boyo noted that there is need to continually enhance the processing of flight permits and related documentations, stressing that stakeholders should work towards improved funding, insurance and other support for business aviation in Nigeria.
He therefore advised that government should strengthen the enforcement of regulations and policies to ensure fair play in the business aviation sector, adding that operators should contribute to the development of local capacity and periodically, business aviation policy and regulation should be reviewed in line with current global practice and dynamism of the industry.
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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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