Business
Nigeria Ranks Third In Global Sales Of Health Products
Nigeria has been
ranked third among 158 countries in the world in the sales and distributions of Forever Living Products (FLP).
The ranking was an improvement over last year when the country emerged fourth in the world.
With the current ranking, the country also maintained its first position in Africa.
Nigeria’s position was announced during the presentation of Top Ten FLP countries at the 2014 Global Rally in London, United Kingdom.
Presenting the award to the Nigeria/Benin’s Country Manager and Managing Director of the country, Cornelius Tay and his wife, Caroline Olabisi Tay, the Founder of FLP Rex Munghan commended the Nigerian branch of the company and its distributors for their dedication, hardwork and resilience that have enabled the country to out-perform other countries in Europe Asia, South America and the Unied States of America/Canada.
Maughan who was assisted by FLP president, Gregg Maughan urged the country to sustain its position as well as improve upon it.
Responding, Mr. Cornelius Tay said that Nigeria’s third place is dedicated to the hardworking distributors in Africa.
He said with over 400 FLP distributors, and guests most qualifiers in the Global Rally, and Chairman’s Bonus Incentives, Nigeria is determined to make Africa proud on the international stage of the acclaimed multi-level marketing company.
Apart from emerging third in the world, three Independent Distributors from Nigeria also received $1,500,000 for their exceptional achievements in the annual Chairman’s Bonus incentives, while Nigeria.Benin Republic distributors received nearly $3 million for participating in the 2013 Chairman’s Bonus Award.
FLP Nigeria country Manager Cornelius Tay had earlier said that the country is determined to become Number. 1 in global sales.
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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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