Business
Committee On National Carrier Submits Report
The Ministerial Committee on Establishment of National Carrier has submitted its report to the Permanent Secretary, Federal Ministry of Aviation, Hajiya Binta Bello in Abuja, recently.
The committee was inaugurated on August 25 in Abuja, and was given four weeks to complete its assignment.
Bello, after receiving the report, commended the committee for keeping to the stipulated time and assured that the recommendations would be thoroughly studied and forwarded to the President.
She said that the committee was inaugurated based on the directive of President Muhammadu Buhari to advice government appropriately on how to go about the establishment of a national carrier.
On when the national carrier would come on board, she said “the report has just been submitted to me and I have not even opened it.
“Until I open the report and see the recommendations, I may not be able to say this is exactly what we are going to come up with.’’
The Chairman of the Committee, Mr Abdulsalami Mohammed, said the team consulted widely before coming up with the report.
Mohammed said, that the creation of the committee had generated a lot of excitement and comments both in the print and electronic media, as well as social media networks since its inauguration.
He added that, “we consulted with a total of 74 stakeholders, ranging from airline operators to aviation agencies, service providers, financial consultants, institutional investors, aircraft and parts suppliers and former staff of Nigeria Airways Limited before coming up with this report.’’
The chairman said the committee had made far reaching recommendations, noting that if accepted and implemented by the Federal Government, it would have positive impact on the aviation industry in the country.
“The report also employs the system thinking paradigm as pictorial analysis tool for understanding the inherent dynamics and complexities for establishing a national carrier,’’ 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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