Business
Leventis Foods Assures Consumers On Quality
Leventis Foods Limited,
a subsidiary of A.G Leventis (Nigeria) Plc has assured consumers that it will continually improve on its production processes in a bid to keep abreast of competition and technological developments in the industry.
The Public Affairs and Corporate Marketing Manager of the company, Mr Tunde Oyelola, who gave the assurance in his statement, noted that as a good corporate entity, Leventis Foods, took seriously its obligations to improve upon the expertise and technical knowledge that it’s a leader in the industry.
“Consumers in Nigeria deserve the best and the knowledge of their requirements from our consumer surveys have inspired the far reaching changes which we have put in place,” Oyelola said.
According to him, the improvements have impacted positively on the quality and shelf life of the company’s products including its brands such as Value Bread, Meaty, Hotty, 4Me and newly introduced Diamond Cake.
“We imbibe a good management practice in our factory in order to deliver products of the highest standard to our valued customers and consumers,” he said.
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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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