Business
NIMASA Partners NITT To Boost Maritime Security
In a bid to enhance maritime security, the Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding with the National Institute of Transport Technology, Zaria, on research and training towards enhancing maritime safety and security in Nigeria.
This was contained in a statement by the Assistant Director, Public Relations, NIMASA, Osagie Edward.
According to the statement, the Director-General of NIMASA, Dr Bashir Jamoh, and his counterpart at NITT, Dr. BayeroSalih Farah, while signing the documents in Zaria, said the MoU is hinged on research and training with a view to enhancing local content and boosting the quality assurance of the institute.
The statement further explained that the MoU is a follow up on earlier agreements reached between both agencies in their quest to further domesticate specialized training programmes at management cadre in the maritime sector.
Jamoh, however, described the MoU as a mutually beneficial partnership aimed at supporting the core mandate of the NITT, while also being in line with his administration’s commitment to capacity building for NIMASA staff.
”The MoU is to formalize and strengthen the existing relationship between NIMASA and the NITT in terms of research, training and capacity development in general.
“We appreciate your visit to NIMASA sometime ago and we are glad that much progress is being made in terms of our collaboration”, he stated.
By: Nkpemenyie Mcdominic, Lagos
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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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