Business
AFAN Urges Nigerians To Patronise Local Goods
The chairman, All
Farmers Association of Nigeria, (AFAN) Katsina State chapter, Yau Umar Gojogojo, has joined millions of Nigerians in their quest for increased patronage of locally made goods.
In a statement made available by Agro Nigeria to The Tide recently the AFAN boss insisted that the move will go a long way in boosting the fortune of the nation’s economy.
Gojogojo while making the call in Katsina at an interactive session with newsmen stressed the commitment of AFAN, Katsina, to the production of local goods, especially agricultural produce.
According to him, patronising made in Nigeria goods is an essential requirement for addressing the much talked about unemployment and its attendant consequences of vice and poverty.
“There is no point reasserting the fact that we need to patronise locally made goods to boost the economy and help refocus our direction towards attaining greatness and being a force to be reckoned with at the global arena “, he said.
He opined further that cultivating the habit of using locally produced goods including local farm produce like rice, amongst others, could help boost food production, encourage local industries to grow and ultimately boost internally generated revenue.
The AFAN boos explained that with the nation’s huge human capital which made it a viable market for goods produced in the country, the time was ripe for Nigeria’s to show true patriotism by buying Nigerian goods to grow Nigeria.
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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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