Business
SON Destroys Sub-Standard Goods
The Standards
Organisation of Nigeria (SON) has announced the destruction of sub-standard goods worth million of naira.
Speaking to newsmen, the Director-General of SON, Dr Joseph Odumodu said the sub-standard products worth million of naira destruction took place at SON dump site in Sagamu, Ogun State.
Odumodu said the sub-standard products ranged from cables, armoured cables, ball penbiros, extension sockets, mobile phones, electric bulbs, tyres, engine oil, shaving sticks and stabilisers.
The DG said the exercise was in line with the agency’s zero tolerance campaign against sub-standard products in the country.
He said the public destruction exercise was carried out in accordance with the agency’s procedure which normally commences survey, inventory, seizure sampling, laboratory tests and analysis to ascertain uniformity to specifications and requirements of Nigerian Industrial Standards (NIS).
Odumodu explained that some of the products destroyed were wrongly labelled, some have no country of origin mark, while most of the products have expired.
He said the exercise was a culmination of rigorous process carried out by the agency to ascertain the genuineness of their products.
The SON boss said the agency was ever prepared to carry out its statutory roles at all times.
He said SON would not tolerate the distribution of sub-standard products that endanger lives of Nigerians.
He enjoined Nigerians to always patronise certified made-in-Nigeria product with the mark of Quality (NIS) mark.
The DG warned against further distribution, sale and use of sub-standard products, stressing that any person arrested would be prosecuted by the agency.
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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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