Business
Stakeholders Decry Non-Functional Baro Port
Stakeholders in the maritime industry have decried the non-functioning of Baro Port in Niger State, four years after its commissioning by former President, Muhammadu Buhari.
The port, located in Agaie Local Government Area of the State, was constructed at the cost of N5.8 billion and has a quarry length of 150 metres, cargo stacking yard of 7,000 square metres, a transit shed of 3, 600 square metres and a capacity of 5,000 TEU at a time.
However, since its inauguration on January 19, 2019, Baro Port has remained dormant, with no visible effort to utilise the facility.
An investor, Alhaji Salau Kabaraini, expressed disappointment with the state of affairs at the port, saying it was a huge let down for the locals and Nigerians as a whole.
“The port has no access road, as the road leading to the area remained dilapidated and inaccessible”, he stated.
He appealed to President Bola Tinubu to treat the project as a priority, “because of its economic importance”.
Kabaraini said disclosed that the port has the capacity to create huge economic opportunities for Nigerians, adding that experts said it has the capacity to generate not less than 4,500 direct and indirect jobs.
”Bring this road back to life. I remember during the time of Nigeria’s founding fathers, produce like cotton, groundnut, hide and skin were transported from Kano through Baro Port and exported overseas.
“I am interested in investing in Baro Port. Since the commissioning of this port, one would think that by now there will be good roads to the port, followed by a flurry of economic activities, but unfortunately, none.
“When you want to site an industry, one of the criteria to consider is access road, but it’s not there”, he lamented.
Also Speaking, Unit Head, Marine Area Office, National Inland Waterways Authority, Minna,Yusuf Mohammed, decried the condition of the road leading to the port, saying it has made their operation difficult.
“The road to the port is not pliable, when we went there recently it was not easy for us to get to the port because it is swampy during the rainy season”, he said.
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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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