Business
‘Why Indigenous Marine Surveyors Lose Lucrative Contracts’
The Centre for
Marine Surveyors of Nigeria (CMSN) has attributed, the inability of Nigerian marine surveyors to secure lucrative contracts from indigenous companies to their preference for foreign firms.
The President of the centre, Mr Bambo Ademiluyi, told newsmen in Lagos that such advantage, which the foreign marine surveyors had, was unjustified as it had nothing to do with technical competence.
According to him, “We have a problem; not with the foreigners, but with Nigerians, the Nigerians, who use the service.
“For instance, I went to submit a bid once to one of the government parastatals (here in Nigeria) because they asked for bids.
“I went there and they said ‘oh! what company is that?’ and I mentioned the name of the (my) company.
“They said ‘Ah! Is it a foreign company?’ I said ‘no. It’s a wholly indigenous company,” he said.
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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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