Business
Bayelsa Traders Decry Excess Levies
Traders who visit Yenagoa now complain of being forced to pay excess levies by some youths in the Bayelsa State capital.
Some of the traders, mostly women, told The Tide that they were regularly asked to provide receipts for fresh fish, okro, vegetables, tomatoes, pepper, garri and other items they had bought in the farms.
One of the traders, Mrs. Idara Etim, alleged that the youths claimed the levies were approved by the state government.
“Once we fail to provide the receipts of farm products, they usually order each of us to pay any amount they want on any produce,” she said.
But when contacted, Mr. Solomon Apreala, chairman of the State Board of Internal Revenue, said that the levies were not authorised by the state government.
He described the youths’ action as illegal and advised the perpetrators to desist forthwith or face the wrath of the law.
Apreala explained that staffs of the board were only allowed to collect taxes from supermarkets and companies and not from petty traders.
He called on various agencies imposing levies on people to re-orientate their agents not to embarrass members of the public.
Mr. Christopher Obuali, head, Local Government Administration, Yenagoa Local Government, said he was unaware of any extortion of money from market women with goods.
Obuali, who recalled similar reports of harassment of traders at Igbogene last year in Yenagoa, called on government and other relevant authorities to look into the matter.
“This is with a view to stem the trend as it affects the prices of commodities,” 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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