Business
SON Issues 60-Day Ultimatum To Cement Manufacturers
The Standards
Organisation of Nigeria (SON) has issued a 60-day ultimatum to cement manufacturers to print on their cement bags the manufacturing and expiry dates, product application information or face the risk of having their products withdrawn from the market.
In a statement issued by the regulatory authority, signed by SON’s Director General Joseph Odumodu and wide available to The Tide the body said that the move was to enhance traceability in case of product failures.
Odumodu said within the next two months all cement bags that are in Nigeria must be compliant with certain basic information and the additional information will be to have a batch number, manufacturing date and expiry date.
The SON boss said that it was shocking to note that with the exception of Lafarge Cement Company which has batch numbers on its products other cement manufacturers have no batch number nor expiry date on their products.
He explained that within two months every cement beg SON see without batch number, manufacturing and expiry date will be removed from the market, stressing that the Agency was acting for the best interest of Nigerians.
He said the Federal government is very concerned about the fact that there is so much noise that have been made so far but it was not led to the reduction of collapse building in the country.
However, the deadline by The Tide investigation was issued two weeks ago and would expire by middle of next month September.
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Business
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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