Business
Abuja Fair: Foreign Exhibitors Record High Sales
Foreign exhibitors at the ongoing seventh Abuja
International Trade Fair said on Tuesday that they had been recording high
sales.
The J.T. Useni Trade Fair Complex along Airport Road,
Abuja was a beehive of activities as
local and foreign participants made huge sales.
Mr Baba Mohammed, an exhibitor from Senegal, said it was
traditional for business at fairs to improve as the fair progressed.
“We are making good sales here, although not as good as that
of the previous fair.
“More people will come as the days roll by and we will make
more sales because Nigerians like Senegalese fabrics which we sell.’’
Miss Veronica Mako, an exhibitor from Mali, told newsmen
that she had had high patronage but pointed out that the sale was not
comparable to that of the previous year.
Mako said that the high sales were made possible by the
discount offered, adding that the location of the fair could have had a little
effect on attendance.
Mako exhibited Malian wears and native ornaments.
An exhibitor from Indonesia who did not disclose his name
said the organisation of the fair was commendable.
He said the delegation from Indonesia was sponsored by the
Indonesia Trade Promotion Council.
“We sell spices, fabrics and ornaments from Indonesia; they
are of special quality.’’
Mr Joe Wenegieme, the Director-General of the Abuja Chamber
of Commerce, Industry, Mines and Agriculture, said there would be special days
for some states and agencies to showcase their potential.
He listed states and agencies, including the National
Lottery Regulatory Commission and the National Agency for Science and
Engineering Infrastructure as some of the participants in the fair.
According to him, states that will have special days are
Akwa Ibom, Benue, Abia, Adamawa and Kano while Ghana will also have a special
day on October 4.
The special days are from October 3 to October 6.
The theme of the fair is: “Transforming and Reforming SMEs
as Growth Drivers for Economic Development’’.
Exhibitors from Ghana, Egypt, Philippines and India are also
participating in the fair.
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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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