Business
Stakeholder Urges Youth To Build Career In Shipping
A stakeholder in the Maritime Industry, Chief Maxwell Obi has urged Nigerian youths, particularly those of the Niger Delta region to build career in shipping.
He said such a career at sea would earn the youth a decent living like was the case in the other developed economies like the Philippinos.
Obi, a former Chairman of the Assocation of Nigerian Licensed Customs Agents (ANLCA), Rivers Seaport who disclosed this to The Tide on Friday during an interaction in Port Harcourt, said that Filipinos are known to earn huge foreign exchange by exporting seafarers.
According to him, seafaring could be a major foreign exchange earner of the country, if all states of the federation and other Maritime Stakeholders key into the Nigerian Seafarers Development Programme (NSDP) of the Nigerian Maritime Administration and Safety Agency (NIMASA).
“This is by investing in our seafarers and reaping the benefits in the future.
“Let is not lose sight also as a nation of the challenges ahead in terms of providing a good welfare package for the Seafarers in line with the provisions of the Maritime Labour Convention of 2006”, he stated.
The maritime operator also maintained that there should be provision for protecting seafarers’ lives from sea pirates and robbers.
He therefore urged maritime unions to join hands with NIMASA in promoting decent work agenda in line with the International labour Organisation (ILO) policies.
Corlins Walter
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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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