Business
Union Commends RSG, Navy For Tackling Insecurity Along Bonny/Bille Waterways
The Bonny Maritime Transport Association (BMTA), has commended the Rivers State Government and the Nigerian Navy for tackling insecurity and other forms of criminal activities along the Bonny/Billie waterways.
The association expressed happiness that normalcy has returned to Bonny/Billie waterways as the Navy and marine police now patrol the channels on daily basis to protect lives and property.
This commendation was made by BMTA Marine Safety Officer, Comrade Kingdom Dom, during a telephone interview with The Tide in Port Harcourt.
Comrade Dom noted that criminal activities along the Bonny /Bille waterways had reduced to the barest minimum and solicited for the deployment of more gunboats to the routes.
He said that over four gunboats now patrol Bonny/Bille waterways on daily basis to provide security for sea travellers.
“No more problems of sea pirates in Bonny waterways, normalcy has returned to the routes, passengers and boat drivers are safe to ply the routes now”
“We have not recorded any piracy, kidnapping along the routes since the deployment of more gunboats by the security agencies”, he said.
Dom noted that the spate of insecurity along Bonny routes had scared away many passengers and would-be investors in the island, appealing to them to return to the island.
He also dismissed fears that the association would increase boat fare to Bonny this Easter season, saying there is no such plan to increase the fare from the normal rate of N2,200.
He, however, appealed to the Federal Government to reduce the petroleum pump price to enable the operators to render efficient and effective service to the public.
By: Chinedu Wosu
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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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