Business
PH Resident Among Lucozade Winners
A resident of Port Harcourt,
Rivers State, Chika Onyemenem was among the three participants who won the Lucozade Energy Moment Show which ended last weekend.
Speaking during the presentation of prizes to winners recently, the Head of Marketing, Glaxo Smithkline, producers of Lucozade Boost, said the brand was introduced into the market to improve the quality of life among Nigerians, enabling them to do more, feel better and live longer.
Oluacha said the included Energy radio show was a platform to engage and reward her customers, stressing that the show availed Nigerians the opportunity to share their energetic moments with friends, colleagues and family members.
Speaking to The Tide, some of the lucky winners Chika Onyemenem who resides in Port Harcourt expressed joy and appreciation to Lucozade Boost and said it is amazing.
According to her, at first time, I did not believe it, but now it’s time. I drink Lucozade Boost a lot, and when the programme started, I participated because, the programme was creative and existing.
The other two winners are from Enugu and Abuja, Emilia Anyaogba and Olapoju Olawole, respectively.
Anyaegbu who lives in Enugu won a Blackberry smart- phone said she was happy and commended the producers of Lucozade Boost, while Olapoju Olawole said sharing the energetic moments with friends here on radio was fun and unique.
It would be recalled that Lucozade Energy Moment Radio Programme started three weeks ago and ended last weekend.
Participants shared stories of the most energetic individuals in their lives whether at school, work, or at home were rewarded with fantastic gifts.
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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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