Business
MAN Affirms Commitment To Promoting Industrial Dev
The Manufacturers
Association of Nigeria (MAN), Rivers/Bayelsa branch has affirmed its mission in promotion an enabling environment for industrial development.
Making this known while speaking to The Tide in Port Harcourt, the Executive Secretary of MAN; S. A. Johnson said that this mission will be achieved in close cooperation with its members, other organs of the Organised Private Sector (OPS), the government and other stakeholders in the economy.
He said that one of the major roles of MAN is Public Policy Advocacy to promote friendly business interest that will enhance members business interests, stimulate economic growth, equip members with information and motivation, foster the development of an economic environment that will enhance entrepreneurship, as well as encourage investment that will create employment opportunities.
Giving a brief history of MAN, Mr. Johnson explained that the association was established in May, 1971 as a Company Limited by the desire to have a focal point of communication.
According to him, consultation between industry on the one hand, and the government and general public on the other hand had been the focal point also.
He said “there was no institutional organ whose central focus was to give meaning to the interest, problem and aspirations of the manufacturing sector.”
“The establishment of the Manufacturers Association of Nigeria was therefore seen as a forum for the private sector to formulate and articulate policy suggestion that would be complementary to government’s efforts at policy formulation, he stated.
Johnson also explained that MAN is in business to create a climate of opinion in this country in which manufacturers can operate efficiently and profitably for the benefit of all, as the collective interest.
Corlins Walter
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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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