Business
Street Trading Upsurge Worries PH Residents
Residents of Port
Harcourt have condemned the conversion of the numerous pedestrian sidewalks or walkways for trading and other business activities across the state capital.
Our Correspondent who went round some of the worst hit areas reports that the walk ways have totally been taken over by trading activities that have made it impossible for pedestrians to make proper use of the walkways.
According to our correspondent, at Garrison in the D/Line area, taxi drivers have practically taken over the whole road including the walkway.
Attempts to speak with any official of the taxi union there was not successful as anyone approached evaded questions put to them.
However, one of them who craved anonymity said they had no alternative but to use the walkway even as he said the government was not complaining.
But some of the road users who spoke to our correspondent condemned the attitude of the taxi operators.
Thomas Amadi who works with one of the new generation banks in the area explained that the taxi operators behave as if there were no other road uses, except them.
He called on the appropriate authority to instill sanity in the area even as he said every citizen had a right to the use of the road.
Our correspondent further reported that at the Rumuwoji (Mile One) market and its Mile Three counter part, the story was the same.
At Mile One, however, according to one of the traders doing business right by the road side, no one was molesting them.
He said the authorities were aware of their plisht and that was why nobody has deemed it fit to disperse them.
Describing the development as a social menace, a town planning expert, Mr. Eugene Georgewill, who spoke to our correspondent said the trend was an anomally.
According to him, the condition could not be unconnected with the problems associated with urbanization even as he called on the appropriate authority to put measures in place to check the trend.
So far, efforts to speak with the sole Administrator of the Rivers State Waste Management Agency (RIW AMA) Mr. Felix Obuah on the issue before going to press has not been successful.
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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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