Business
Transporters Decry Influx Of Traders Into Mile Three Park
Transport operators in Mile Three Motor Park have decried the influx of traders into the park, such that it has made it difficult for drivers to have space to park their vehicles and load passengers.
To this end, some transport union executives have started moves to dislodge traders whose entrance to the park was through the back door, and have accused some members of aiding some of the traders into the park.
It was gathered that an official from Port Harcourt City Council have been deployed to carry out a verification exercise on the traders that operate at the park.
An officer of the National Union of Road Transport Workers (NURTW) who spoke to The Tide on condition of anonymity said that the rate at which traders have taken over the motor park is now giving them some concern, pointing out that some canopies have been raised in the park where alcoholic drink sellers, food sellers and snacks, as well as wears and toy traders operate.
He accused some officers, whom he described as selfish exco members of giving helping hand to these traders, and other mechanics that have occupied spaces for vehicles operations.
The Tide on a visit to the park observed that some of the spaces meant for parking of vehicles and loading of passengers have indeed been occupied by these itinerant traders and mechanic.
Corlins Walter
Transport
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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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