Business
Drivers, Traders Spoil For War At PH Bus Stop
The frequent ri
valry between commercial bus/taxi drivers and traders along Ikwerre Road, Port Harcourt has become a daily feature in the recent past.
Investigations by The Tide indicated that the traders, especially at Education Bus Stop display their wares on the road.
Not only that, they also display their wares on the pavements meant for pedestrians.
A cross section of taxi drivers who ply Trans Amadi and park their vehicles along the road told The Tide that the excesses of the traders should be checked.
According to them, each time they arrive to drop or pick passengers, the traders would have occupied the area.
They, therefore, appealed to the Ministry of Special Duties to take action in order to avert a possible clash between the taxi drivers and the traders.
They further alleged that most of the traders have shops but prefer to display their wares outside to attract buyers.
One of the traders, Mr. Paul Uzoma, who spoke to The Tide said most of those who display their products on the road had no shops.
According to him, shop owners only assisted them by providing them accommodation for their wares.
The Tide reports that instances abound were the traders accuse the taxi drivers of deliberately using the roadside as a loading bay thereby denying them of space for their trading.
On the otherhand, however, the drivers countered by saying that the traders should vacate the road ad pavement to avoid obstructing other road users.
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Business
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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