Business
RSG To Review Stalls Allocation In Mile One Market
The Rivers State Government, has promised to look into the issue of the allocation of stalls at the Rumuwoji (Mile I) Market.
The Permanent Secretary, Government House, Port Harcourt, Mr Fortune Oguru, gave the assurance on Wednesday during a protest by some traders of the market to Government House.
Oguru, who was accompanied by the Permanent Secretary, Ministry of Local Government Affairs, Dr Justinah Jumbo, however, urged the traders to toe the line of peace in the resolution of the crisis.
On her part, the Permanent Secretary, Ministry of Local Government Affairs, Dr Justinah Jumbo said that the issue would be conveyed to the state Governor, Rt Hon Chibuike Amaechi, and urged the trades to also toe the line of peace.
In their protest letter entitled Diarchy: Overthrow of your order in Mile One Rumuwoji Market Port Harcourt, the former chairman of the Market Traders Association (MOMTA), Chief Young Georgewill said that his removal as the chairman of the association by the Port Harcourt Local Government Council was not in line with due process.
He also said that the allocation committee of the market is now taxing people to pay exorbitant fees before allocation, noting that this situation has worsened the plight of traders.
The former chairman said that since his removal from office, the condition of the market had grown worse, pointing ut that the market presently has no running water and electricity, while the environment is dirty.
“The grass lawn made by the leader to beautify the market in line with the governor’s visionary leadership has been over-grown by weeds and uncared for while they collect N300 for security fee and N500 for electricity bills respectively, and yet with no service rendered, he said.
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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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