Business
Onne Port Generated N188.64bn In 2021 – Customs
The Area ll Command of the Nigeria Customs Service in Onne Port has said it collected N188.64bn from January to December 2021 in revenues, compared to the N69.68 billion it generated in 2020.
In a statement, the Customs Area Controller of the command, Comptroller Auwal Mohammed, commended the officers for “the feats we have jointly achieved in revenue collection, enforcement and trade facilitation”.
He said, “They are indeed laudable milestones that we must not only sustain but also improve upon for the benefit of our country’s economy and national security.
“Indeed, our various meetings with stakeholders and port users paid off in 2021 because we have noted remarkable improvements in compliance levels.
“As we enter 2022, let us continue to blend our enforcement capability with intelligence, to always detect all attempts at circumventing the law through false declarations, under-declarations and concealments”.
Mohammed added, “In 2022, whoever attempts doing the wrong thing, like smuggling through Onne Port, will get his cargo seized and risks facing arrest for prosecution in accordance with the Customs and Excise Management Act.
“We cannot afford to compromise our positions or disappoint on the trust reposed on us. I, hereby, advise once again that all importers and agents using this area for their businesses stay on the part of compliance at all times”.
According to him, 34 seizures worth a total duty of N11.98bn were made in 2021, and prominent among the seizures was 1,387 cartons of tramadol.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
News3 days agoDon Lauds RSG, NECA On Job Fair
-
Niger Delta1 day agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation1 day agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Sports1 day agoSimba open Nwabali talks
-
Niger Delta1 day ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta1 day ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Transport1 day agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Oil & Energy1 day agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
