Business
PH Airport Contractor Gets Marching Order
Following delays noticed in the construction of the terminal building at the Arrival Wing of the Port Harcourt International Airport, Omagwa, the construction firm handling the project, Inter-Bau Construction Limited has been given a marching order to expedite action on the construction work.
The Airport Manager, Engr Chigbo Nwobu, who disclosed this to Airport correspondents in an interview at the Port Harcourt airport, stated that the construction firm was not meeting up with the work programme it was given.
He said that the pace of work was so slow, which actually necessitated the evaluation and the order to increase the pace of work so as to meet up with the schedule.
“We had a meeting with the management of the construction firm to evaluate the process and very soon they would be able to go faster.
“They have promised that there will be an improvement and cover the lost period and so when I hold a second meeting with them, I will be able to evaluate and know whether the tempo has increase”, he said.
Chigbo also explained that the airport management was doing everything possible to ensure that the contractor is able to meet up with the scheduled date for completion of the project.
He urged passengers and users of the Port Harcourt Airport to be patient as some infrastructures of the airport, like the public announcement system at the VIP lounge had been affected on the process of the construction work.
On the intending strike and disagreement among the car hires at the airport, the manger urged them to be open to competitiveness.
According to him, the car hire business is a free entry and free exit business and there is no monopoly in that business, adding that it will be against the law of natural justice for only one group to be recognized, without giving chance to others to operate.
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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