Business
Shippers Bemoan Long Cargo Dwell Time At Ports
The Shippers’ Association Lagos State (SALS) have expressed concern about the long cargo dwell time in most terminals in Nigerian ports.
The President of the association, Mr Jonathan Nicol told newsmen in Lagos yesterday that cargo stayed as long as 21 days in most of the terminals.
“Before concession, shippers were happy with the operations of Nigerian Ports Authority. The cost of doing business then was very reasonable.
“The only complaint then was lack of equipment. So cargo delivery time was 14 days.
“Now that the ports have been concessioned, cargo delivery remains between 14 and 21 days, which means no meaningful improvement has taken place on cargo dwell time,” Nicol said.
He said that the only exception was Ports and Terminal Multi-Service Ltd. (PTML) at the Tin-Can Island Port, Lagos, where cargo dwell time was less than 14 days.
Nicol urged the terminal operators to ensure that containers were transferred to other less busy terminals in order to improve on cargo dwell time.
He also suggested that the Federal Government should appoint professionals to head maritime agencies to enable the industry to flourish.
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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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