Business
FAAN Tasks Engineers On 2007 Procurement Act
The Federal Airports Au
thority of Nigeria (FAAN) has urged members of the Nigerian Society of Engineers (NSE) to comply with the Public Procurement Act 2007, to uphold the integrity of the engineering profession.
The Managing Director of FAAN, Mr Saleh Dunoma, made the call in a keynote address at the 2015 public lecture, organised by the Aeronautical Division of the NSE in Lagos, on Thursday.
Dunoma said the public procurement process in the aviation sector must follow due process, be ethical, transparent and fair.
“Honesty, accountability, transparency, fairness and equity must govern the conduct of all persons involved with public procurement.
“Whether as a procuring entity, a supplier, a contractor or as a service provider,’’ he added.
The managing director commended engineers for contributing positively to the development of the aviation sector.
He appealed to them to initiate quality control procedures to strengthen controls on Jet A1.
Dunoma, who is also an engineer, commended the organisers for picking a topic that had stimulated robust debate among participants.
The guest speaker at the event, Mr Emeka Ezeh, who is also the Director-General of the Bureau for Public Procurement (BPP), charged
Nigerian engineers to check corrupt tendencies that could hamper the integrity of the profession.
Ezeh, who spoke on “Procurement: Avoiding and Navigating through the Iceberg,” implored strict adherence with the Public Procurement Act.
Chairman of the event Julius Adelusi-Adeluyi; hosts Ademola Olurunfemi and retired Group-Capt. John Obakpolor advised engineers to live up to the ethics of the profession.
The Tide source reports that the event was rounded up with presentation of awards and goodwill messages.
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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.
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