Business
NANS’ Strike: Business Unhindered At PH Airport
In spite of the protest by members of the National Union of Nigerian Students (NANS) at the Port Harcourt International Airport, Omagwa, in protest against the over prolonged strike by the Academic Staff Union of Universities (ASUU) normal flight operations and other business activities went on without hindrance.
Recall that there were initial fears that the threat by the students to block airports on Monday to express their grievance over the prolonged ASUU strike was going to affect business and other activities at all the airports in the cointry.
The protest, however, did not get to the Port Harcourt International Airport, but was finally staged at the international terminal of the Murtala Mohammed International Airport, Lagos, The Tide reliably gathered.
Although the protest was carried out at the Lagos airport, there was no ripple effect at the Port Harcourt airport, as normal flight operations and other businesses went on unhindered.
It was observed that both the international terminal and the domestic operations of flights were without any hitch at the Port Harcourt airport on Monday.
One of the security personnel at the Port Harcourt Airport, Mr Tomkiri Ogonokomu, who spoke with The Tide on the issue, assured that “there was no cause for arlam, every thing is under control”.
It would be recalled that NANS had at the weekend issued a statement that it was going to block airports on Monday, which is the major route that government officials and politicians make use of.
According to NANS, which had recently blocked the Lagos/Ibadan Express Way, the airport protest was to further express their grievance on the continuous closure of Universities in Nigeria.
The students had urged the traveling public to reschedule their flights for another day.
By: 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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