Business
NIPOST Laments Under Utilisation Of Facilities
Non-rental of post office boxes by members of the public and payment of stamp duty have been listed as part of the challenges facing the operations of the postal services.
The manager, Public Relations, Nigerian Postal Service, Territorial Headquarters, Port Harcourt, Mr Godwin D. Akpan, dropped this hint on Tuesday while speaking with The Tide in his office.
Akpan said that the inability of the public especially hotels and other commercial places to buy stamp duty from the post offices was a major factor militating against the growth of postal services.
He explained that stamp duty was important in case of court litigation.
The NIPOST PRO, reasoned that stamp duty was one of the legal items that can prove one’s innocence in the law court.
About post office boxes, he said that his branch has upto 38 thousand to deliver, but less than 10 thousand have been rented.
According to him, private boxes were necessary as it helps in the preservation of personal documents and files.
He revealed that the post office charges as low as N11,000 annually for special delivery services.
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Business
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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