Business
Traders Flay Closure Of Umuahia Spare Parts Market
Spare parts dealers at the Mgbuka Market in Umuahia, Abia
state, have flayed the closure of the market by the state government,
describing the action as unjustified.
“The closure is unjustified because government is yet to
complete the alternative spare parts market at Ohiya.
“ This action is causing us untold hardships,“ a spare parts
dealer, who simply identified himself as Chijioke said in an interview with our
correspondent.
Chijoke, who sells spare parts in the market, said that the
means of livelihood of the traders had been affected by the closure.
He said that “closing the market for one day means great
loss to us and our families, how much more for days.“
Another spare parts dealer, Mr John Chukwudi, said that the
traders expected to be treated with respect by the government.
“We are willing to move but let the government finish the
construction of the market we are to relocate to.
‘’It is simply insensitive to push us out of this place when
the Ohiya Market is not ready yet,’’ Chukwudi said.
An artisan in the market, Mr Kenneth Ogbu, said that the
closure of the market “had left him stranded“.
Ogbu, who specialised in the repairs of damaged car keys,
told newsmen that most of the traders had paid for shops at the new market at
Ohiya but were waiting for the market to be completed.
Mr Ejike Umah, a dealer in new and “tokunbo“ spare parts,
said that the closure “portrayed the government as insensitive to the plight of
traders.“
Ekikje said that the traders were concerned about the
security of their wares while the market remained closed.
Officials of the Abia State Ministry of Commerce and
Industry, accompanied by security agents and sealed the market and ordered the
traders to relocate to Ohiya.
Mr Ugochukwu Emezue, the Chief Secretary to Governor Theodore Orji, said on telephone that the closure was “part of
government’s measure to ensure that the traders relocated to Ohiya Market.
‘’This is the only way they can move because if you leave
them, they will not want to go to the new place, which is 100 per cent better
than their present location.”
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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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