Business
Petroleum Agency To Hunt Illegal Kerosene Operators – Official
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said it will not rest until it has clamped down on all illegal DPK (Kerosene) operators in the midstream and downstream sector of the oil industry.
The Zonal Operations Controller, NMDPRA, Abuja, Roselyn Wilkie, disclosed this in an interview with newsmen on Monday while reacting to the fire incident from a kerosene explosion in Kubwa, Abuja.
Reports say that the popular Kubwa Village market (Maitama Ultra Modern Market) on Friday, November 5, was gutted by fire as a result of a kerosene explosion, that claimed several lives and destroyed properties worth millions of Naira.
Wilkie explained that the agency’s Preliminary Accident Investigation Report on the kerosene tank explosion had revealed that it was a result of an electronic spark from a nearby transformer.
She said that from the NMDPRA’s investigation, conducted on November 7, the electronic spark was transmitted through a wire that traversed the DPK surface tank.
“It was also discovered that the DPK surface tank owner was operating illegally, as there is no record from the NMDPRA.
“The Agency will not rest on its oars to clamp down on all the illegal operators in the midstream and downstream,” the zonal controller said.
Based on its investigation, nine persons died, while 12 other victims were recorded from the incident.
We recall that Dr Ramatu Aliyu, Minister of State, Federal Capital Territory, during her visit to the scene, had urged FCT residents to report illegal distributors of fuel, kerosene and gas, in undesignated areas, to the appropriate authorities
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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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