Business
Why I Floated Le Meridien Hotel – Ukpo
A former military
governor of old Rivers State, General Anthony Ukpo (rtd) has said that his decision to invest in the hospitality industry was largely driven by the desire to provide long-term employment and development in Rivers State.
Ukpo who made this known during the celebration of the 10th Anniversary of Le Meridien Hotel, Ogeyi Place in Port Harcourt last week, said he also chose the hospitality industry to correct the poor image Nigeria had internationally, particularly with regard to the quality of hotel services.
He noted that Le Meridien, Ogeyi Place had provided employment to many people and had by the standard of its service become a leader in attacking other international standard hotels to the state and nation.
“We Nigerians must believe in Nigeria and invest in Nigeria before we can attract outsiders to come and invest in our country”, he said.
Also speaking, the Area Manager, Starwood Hotels and Resorts, Nigeria, Mr Alexander Gassauer commended the owner of Le Meridien, Port Harcourt, General Ukpo, for investing in the industry that had helped in solving part of the problem of employment in the state and nation at large.
He said Ogeyi Place had a workforce of about 180 workers, adding that Le Meridien Hotels in Nigeria had a workforce of about 5,000 people.
“This is a hotel in Nigeria, with Nigerians and for Nigerians”, he said, adding that the country was in need of a quality hospitality industry.
On the challenges facing the management of hotels in the country, he said that “the problem that Nigeria has is that there is no professional education in the hotel industry”, pointing out that Starwood does the training locally in addition to epileptic power supply.
In his contribution, the General Manager of Ogeyi Place, Mr Imran Khan noted that the anniversary marked 10 years of hard and committed services to their customers.
He said that Le Meridien Hotel represented style and culture, adding that the former governor of the state had contributed a lot in tourism development and in packaging the country.
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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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