Business
Displaced Shop Owners Lament Economic Hardship
Shop owners and food ven
dors displaced from the demolished Apapa Amusement Park, Lagos, have bemoaned the economic hardship experienced by their families after the demolition of the park.
They complained about plight in interviews with journalists in Lagos.
A former shop owner near the amusement park, Mr Marcus Israel said that after the demolition of the park, he found it difficult to provide food for members of his family.
Israel said that he was expecting the Lagos State Government to start the reconstruction of a new amusement park to bring back activities in the area.
“Since the demolition of the park, it has been difficult providing for my family because this is where I used to sell things for my daily bread. “I want the state government to come to our aid and rebuild the park to bring activities back here,’’ he said.
Another former shop owner in the park, Mr Emmanuel Alaba, told journalists that there was evidence of building materials being brought into the area for reconstruction of the park.
He said that workers and contractors were around rebuilding the broken fence.
“I believe that government has contracted a company to build a modern amusement park in the area; you can see the workers rebuilding the fence. “I want this expectation to become a reality by living to see that a new amusement park is constructed,’’ Alaba said.
A food vendor, Miss Funmi Mohammed, said that she came to sell foods to auto- mechanics occupying the area.
She said that patronage had become too low compared to when the park was in existence.
“I used to come around this place on Val Day or any festival to sell food. After the demolition of the park, it is only auto-mobile mechanics that are occupying the area.
“In fact patronage is very low,’’ Mohammed said.
The park was demolished by the Lagos State Government in 2012 to sanitise the area and probably build a modern park.
The area is now occupied by auto-mobile mechanics.
However, some building materials have been brought to the site and workers were seen rebuilding the damaged fence of the park.
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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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