Business
Customs Impounds Military Wares In Onne
Barely three months to the 2019 general elections in the country, the Nigeria Customs Service, Onne Port, Rivers State, has intercepted a 40 feet container loaded with hard military wares and other consignment.
Briefing newsmen shortly after displaying the military wares last Thursday at Onne, Customs Area Controller, Aliyu Saidu, said the items were among 10 contraband consignment seized by the command.
Saidu said the items were concealed inside a giant 40 feet container with sacks of used shoes and cloths.
He explained that apart from the 600 pairs of the military camouflaged uniforms in the container, another 600 pairs of military caps and jungle boots were recovered.
The Area Controller stated that investigation was ongoing regarding all the seizures of military wares made in the past one year in the port.
He further said that the Controller General, Customs, Hameed Ali, wanted an end to illegal importation of military wares in the country.
Ali listed some of the seized items as 55 containers of bags of foreign rice with a total duty paid value of $364,762.00.
Also seized according to Ali are two 20 ft containers comprising 2,146 jerry cans of cooking oil with DPV of $17,00,645,00,a container loaded of 575 matchetes with DPV of $21,201,500, imported with fake end used certificate.
Saidu also put the total DPV of the confiscated items since August 2018 at $543,958,740, adding that the suspects arrested in connection with the seizures had been transferred to NCS Headquarter in Abuja for thorough investigations.
The Customs Area Controller warned that the command under his watch would continue to deal decisively with economic saboteurs, their agents and collaborators and work for the security of the country.
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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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