Business
Firm Cautions Nigerians Against Fake Products
Hewlett-Packard Nigeria
Limited, the producer of HP telecommunication equipment, has warned Nigderians against buying fake products.
The District Manager, English Africa, Printing and Personal System of HP, Mr Jean-Paul Pinto, said this in Abuja during the company’s 2014 Anti-Counterfeit Conference, recently.
He said it was cheaper to purchase quality product than counterfeits and advised people to always check any product before purchasing it to get value for its price.
He said the company was carrying out enlightenment programme to educate Nigerians on the need to purchase quality products.
According to him, inferior products have caused immense reduction in global economic growth and have negative effect on business worldwide.
The district manager said consumers were at the receiving end for buying inferior products.
He said the company was strengthening its tentacles to tackle the increase in piracy of telecommunication and other products in the country.
“This conference is for us to combat illicit counterfeit practices, increase awareness and share best practices amongst government officials, law enforcement agencies, HP partners, customers and other stakeholders.
“In each year, businesses worldwide lose excessively due to counterfeiting and piracy, especially in the IT industry.
“Nigeria is one of the global largest mobile growths and it becomes necessary for us to raise this call because one in 10 IT products sold globally may be counterfeit.
Dr Joseph Odumody, the Director General of Standards Organisation of Nigeria (SON), said at the occasion that the organisation was working within its power to fight counterfeit in Nigeria.
“We have a bill before the National Assembly that will soon be passed into law; this is to combat inferior products by destroying them within 90 days and prosecute the importers and distributors.
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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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