Business
Market Fire Victims Get Relief Materials
Sequel to the fire inci
dent that gulled the slaughter market in the Mgbuosimini area of Rumueme, the Obio/Akpor local Governemnt Council has given relief materials to victims of the fire incident.
Speaking during the visit to the area, the caretaker committee chairman of the council, Dr Lawrence Chuku who led his team to the area said they were in the place to assess the level of damage done to the market.
Chukwu expressed concern over the level of destruction done to the market, and also sympathised with those who lost their lives and property.
The CTC chairman also urged traders and those doing business in the area to be vigilant always, and urged them to avoid totally the issue of candle light in the market, or any other thing with open flame, so as to forestall any fire outbreak in the market.
Some of the victims who lost property at the slaughter market blamed the cause of the fire on the activities of those who live in the market, and use candle light as their source of lighting.
They said that some people who do business at the slaughter market, also reside their with their families, for which it was gathered that a family of four lost their lives during the fire incident.
The victims however, called on the Rivers State government, and the Obio/Akpor council to rebuild the market with modern concrete material, instead of leaving it the way it was with batchers and shanties, which they said cause the fire to escalate very fast before the arrival of the fire fighters.
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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