Business
Stakeholder Tasks FG On Seaports Upgrade
The former President-General of the Maritime Workers Union of Nigeria (MWUN), Comrade Anthony Nte Emmanuel has called on the Federal Government to without further delay, pay adequate attention to decaying infrastructure at the seaports across the country.
He said that what was happening and the situation at the ports “is a sad story with respect to infrastructural decay and security,” pointing out that these have hampered business activities at the ports.
Emmanuel, former NLC vice president, who disclosed this in an interview with aviation correspondents at the Port Harcourt International Airport, Omagwa noted that road infrastructure and disturbing security matters were almost crippling business at the nation’s ports.
According to him, the disturbing security situation at the South-South ports has scared away investors, adding that the situation is seriously telling on businesses.
Also in Lagos area, he said that the degenerated road network, especially in the Apapa Port called for concern, adding that the bad road has caused untold hardship for those that do business in the area, especially as it concern loss of manhour.
“There is global economic recession, people are being retrenched and jobs are lost. People need to think and create jobs and value.
“The ports are dying, even now that we are talking about alternative sources of revenue outside oil, the ports are the areas where such revenue would come from.
“Government should create an enabling environment for business to thrive. They should make and execute good policies that will drive business and you know that government policies also affect the economic situation of the country.
“The situation in the Maritime sector is very annoying. The Minister of Works should wake up to his responsibility and fix the road network for smooth business.
“All my meetings with the Minister of Works when I was the President-General of MWUN did not yield any result as the road network to the ports were left undone.
“Government should think and execute projects that will impact positively on business, but not to pay deaf ears to issues that are very important to national economy, like the fixing of the road to POAS, especially the Apapa Port, where business activities are almost collapsing,” he stated.
The former Maritime workers boss, however, pointed out that people could only be remembered for what they have done and urged Nigerians to always do good to the people, especially, those in authority.
Corlins Walter
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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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