Business
Chad Republic Seeks Rent-Free Days At Nigerian Ports
The Republic of Chad has appealed to the Seaport Terminal Operators of Nigeria (STOAN) to grant her importers using the Nigeria ports 30 days rent free period.
STOAN spokesman, Mr Bolaji Akinola, told newsmen in Lagos yesterday that the appeal was contained in a letter to STOAN Chairperson, Mrs Vicky Haastrup.
Akinola said the letter from the Chadian Embassy, signed by the country’s Ambassador to Nigeria, Mahamat Doutoum, pleaded for rent free period for goods destined for Chad.
He quoted the Ambassador as saying the appeal became necessary because of frequent changes in customs operational systems and administrative bottlenecks, including documentations, which delay transit permits and processing of transit documents.
Doutoum explained that this had resulted in accumulation of huge rent for the Chadian importers.
The STOAN spokesman, however, told newsmen that the request would be looked into purely on its merits.
“I cannot specifically say what the decision of the operators will be because the request has just come in and it will be premature to jump to any conclusion.
“All terminal operators will meet and consider the objectivity of the request,” Akinola said.
He said that many times, the terminal operators were called upon to make sacrifices and give concessions even in circumstances that did not arise from their operations.
Our correspondent reports that at the onset of port concession in 2006, the Federal Government compelled all terminal operators to slash cargo handling charges by 30 per cent.
“Last year, the terminal operators also gave a 70 per cent concession on the storage charges accumulated on the National Independent Power Project (NIPP).
“It was part of the organisation’s efforts to assist the Federal Government to tackle the power supply problem in the country,’’ Akinola said.
He said that despite the difficult operating environment, terminal operators had continued to faithfully implement the concession agreement signed with the Federal Government in 2006.
Akinola, however, explained that the cost of doing business in Nigerian ports had remained high because of the cumbersome clearing procedures at the ports.
According to him, the clearing procedures need to be simplified and automated while the number of government agencies at the ports should be drastically reduced.
“Our importers also need to become more honest and patriotic in their importation while customs service needs to cut down on the rate of physical examination which, at the moment, stands at about 80 per cent,’’ he said.
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.
-
News2 days agoDon Lauds RSG, NECA On Job Fair
-
Niger Delta19 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation21 hours agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Transport22 hours agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Sports21 hours agoSimba open Nwabali talks
-
Niger Delta21 hours ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta19 hours ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Oil & Energy22 hours agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
