Business
Increase In Sales Excites Traders At Fruits Market
Traders at the Port
Harcourt fruits and vegetables market, on Kaduna Street have been recording increased sales in the past week.
According to an investigation by The Tide, the increase has been attributed to various factors including the dry season which has helped enhanced the sanitary condition of the market.
An official of the market who spoke to our correspondent and asked not to be named said despite the long neglect by past and present administrations in the state to upgrade the market, the traders and market authorities have been doing their best in that direction.
According to him, during the rainy season the number of customers tends to decrease due to the bad sanitary condition.
Corroborating the opinion of the official, a cross section of the traders who spoke to The Tide said they made higher sales at dry season period than during the rainy season.
A fruits seller, who gave her name as Madam Grace explained that one other reason that shot up sales was the decrease in fruits and vegetables rot.
She revealed that traders record more losses to rot in the rainy season than during the dry season.
Another factor, The Tide further gathered was the use of plastic crates for the storage and transportation of fruits like oranges tomatoes and mangoes amongst others to check rot.
Further investigations by The Tide indicated that more youths in the state have ventured into small agribusinesses to eke out a living.
This trend, The Tide further learnt was unconnected to the call by the Rivers State government for youths in the state to avail themselves of such opportunities offered by the government in that direction.
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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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