Business
Unionist Decries Politicisation Of Market Associations
A former Chairman of the Ariaria International Market Aba, Chief Pino Nwagboso, on Saturday decried the politicisation and non-democratisation of market unions in Abia.
Nwagboso told newsmen at Umuogele-Ntigha in Isialangwa North Local Government Area that he was disappointed with the way most State Governments hijacked and manipulate market unions.
He said that the situation was worst in Abia, alleging that the State Government dissolved and appointed its cronies and benefactors as caretaker committee members of market unions.
“We no longer have democratically elected officers in our unions. We demand that the market unions be re-democratised to serve the people and not the interest of the government in power,” he said.
Nwagboso said the markets were built by the people for the people to do legitimate business, explaining that the markets were no longer good enough for the “real owners because of undue interference by the government”.
The former market chairman said that the traders were angry over the incessant interventions and non-democratisation of market unions after its dissolution, stressing: “we have unanimously resolved to fight to change the situation with our votes’’.
Nwagboso, who was in Ntigha with some other market leaders, to grace the burial of the mother of the APGA governorship candidate, Chief Reagan Ufomba, said: “we have pitched tents with APGA for change.
“We are ready and willing to support the party morally and financially to uproot the bad government in Abia,’’ he stated, pointing out that the traders were determined to actualise this by voting for APGA in the forthcoming polls.
He said that the traders resolve was unanimous, stressing that “we are prepared to secure and protect our votes with our lives in the forthcoming election”.
Nwagboso warned politicians, who might want to dare the traders by rigging the election to think twice this time around, noting that such people would regret their actions.
He, however, appealed to other eligible voters to join forces with traders to elect a visionary and God-fearing leader, who would listen to them and use the resources of the state for development.
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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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