Connect with us

News

MAN, distillers, others kick against 500% tariff increase

Published

on

*As Guinness £12m investment faces risk
MANUFACTURERS Association of Nigeria, MAN, and other major stakeholders, yesterday kicked against the proposed 500% excise tariff increase on local distillers of beverages.

Apart from MAN, the Nigeria Labour Congress, NLC; Distillers and Blenders Association of Nigeria, DIBAN; and Association of Food Beverage and Tobacco Employers of Nigeria, AFBTEN, among others jointly opposed the proposed excise tariff hike in their separate submissions made at a public hearing on urgent need to review the excise tariff increment in order to save local distillers of beverages from looming extinction, organised by the Senate Committee on Finance.

The various stakeholders said the proposed policy anchored on recommendation to that effect by Tariff Technical Committee, TTC, would, if allowed to be implemented, run affected manufacturers and producers out of business and rendered millions of Nigerians jobless.

In his presentation, the chairman of DIBAN, Engineer Patrick Anegbe lamented that if the policy is allowed to see the light of the day, N420 billion worth of investments would be ruined aside 250,000 workers to be laid off.

Also, the representative of Guinness Nigeria Plc in her submission said £12million worth of investments by the company would be jeopardized along with collateral damages of thousands of Nigerians that would end up in the labour market.

Comrade Mike Olanrewaju who represented the labour unions at the hearing session, said the proposed 500% increase on excise tariff is suicidal and must not be allowed to be implemented.

According to him, the proposed policy is dead on arrival since Labour and other critical stakeholders were not consulted.

“One of the strategies expected fron any responsible and responsive government in preventing crime and fighting poverty is job creation and not job losses through outrageous and outlandish tariff hike that would collapse industries and by extension, rendered millions of Nigerians jobless.

“To us in the labour sector, capital NO to such tariff increase and if any increase is to be made at all, it should not be above one digit

“The proposed increase is counterproductive and would be resisted by all stakeholders because after Dunlop, Micheline etc , we don’t want any industry to collapse or relocate out of the country again”, he said.

Though the Director General of MAN, Mr Segun Ajayi Kadiri in his own submission, admitted that the Federal Ministry of Finance and TTC, consulted them on the proposed tariff hike, but the rate agreed upon on the basis of revenue generation by government was not what the ministry eventually arrived at.

However the Director of Legal Services from the Ministry of Finance who represented the minister, Mrs. Kemi Adeosun, said the 500% excise tariff hike was agreed upon by all stakeholders before the ministry issued circular to that effect in February this year.

“Protests and petitions trailing the circular since then from concerned stakeholders are to us, unfortunate”, he said.

The committee at the end of the assured the stakeholders to look into the policy by collaborating with the executive on the needed downward review.

Declaring open the session, the Senate President, Dr. Bukola Saraki said: “The major source of concern is the non inclusion of primary stakeholders in the industry such as Manufactures Association of Nigeria, Distillers and Beverages Association in the consultation process that prompted the decision of the executive arm of government to increase the tariff rate of the affected products”.

Saraki, who was represented by his deputy, Senator Ike Ekweremadu, stressed the need for government to raise the revenue base of the country and to minimise the effect and dangers posed by the consumption of alcoholic beverages and tobacco products on the people’s health.

Earlier, chairman of the committee, Senator John Enoh explained that decision to increase the tariff was based largely on the need to perhaps to increase government revenue generation and reduce the consumption and health hazard associated with tobacco-related diseases and alcohol abuses through taxation policies.

He, however, informed that the committee was mandated to carryout further legislative action on it to enable the senate adopt a comprehensive decision and make a proper intervention to mitigate the effect of the excise tariff increment on local distillers of beverages and tobacco manufacturers.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

“Nigeria’s Biggest Ever Coalition, Civil Groups, Professionals, Labour, Artisans, Declare for Bola Tinubu”

Published

on

By

In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

Continue Reading

News

How ISWAP killed Army Col. Six others in Borno.

Published

on

☆☆☆As Troops Foil Series of Ambushes.

Troops of the Nigerian Army under operation Hadin Kai have foiled a series of ambush by suspected members of the Islamic State West Africa Province (I SWAP) terrorist along the Monguno in Borno state.

Islamic state of West Africa province (ISWAP) have attacked the Nigerian army from Monguno 242 Battion Barrack in Borno State on their way to reinforce the camp.

A serving Nigerian Army Colonel was  reportedly  killed in an ambush by  insurgents in Monguno, Borno State, during a reinforcement mission

Source added said that colonel I.A. Muhammad was ambushed by ISWAP and killed along with four other soldiers.

Community confirmed that the troops who were on a fighting patrol as part of operation,came under fire from suspected terrorists 

As of the time of felling this report, there has been no official statements from the Nigerian Army regarding the accident.

Continue Reading

News

Dogara Felicitates Dangote at 69, Applauds His Enduring Impact on Africa

Published

on

By

Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Credit Guarantee Company Limited (NCGC), has joined Nigerians and the global business community in celebrating Alhaji Aliko Dangote on his 69th birthday. In a detailed tribute, Dogara described Dangote as “a visionary whose life’s work has become a cornerstone of Africa’s economic transformation.”

Dogara emphasized that Dangote’s entrepreneurial journey is one of resilience and foresight. From humble beginnings, he built the Dangote Group into Africa’s largest conglomerate, with investments spanning cement, sugar, salt, fertilizers, and the landmark Dangote Refinery. These ventures, Dogara noted, have not only revolutionized industries but also created millions of jobs, strengthened Nigeria’s economy, and reduced dependence on imports. “Alhaji Dangote is not just an entrepreneur; he is a nation-builder whose vision has redefined what is possible for Nigeria and Africa,” Dogara said.

He pointed out that the Dangote Refinery, in particular, represents a turning point in Nigeria’s energy sector, offering the promise of self-sufficiency in petroleum products and positioning the country as a major player in global energy markets. “This singular achievement underscores his commitment to solving Africa’s most pressing challenges through bold and innovative solutions,” Dogara remarked.

Beyond his industrial empire, Dogara praised Dangote’s philanthropy through the Dangote Foundation, which has invested heavily in healthcare, education, and humanitarian relief. From building hospitals and funding scholarships to providing aid during crises, Dangote’s generosity has touched countless lives across the continent. “His philanthropy reflects a deep commitment to humanity. He has shown that true greatness lies not only in building industries but also in uplifting lives,” Dogara added.

Dogara also reflected on the inspirational power of Dangote’s story, stressing that his rise from modest beginnings to global prominence serves as a beacon of hope for young Africans. “His journey proves that with hard work, faith, and determination, Africans can build enterprises that rival the best in the world. He remains a shining example of African excellence,” he concluded.

As Dangote celebrates his 69th birthday, his legacy continues to resonate far beyond Nigeria’s borders. His life stands as a testament to the transformative power of vision, enterprise, and compassion—an enduring reminder that Africa’s future can be defined by innovation, resilience, and generosity

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.