Business
Group Condemns Trading On Pedestrian Pathways

Governor Nyesom Wike of Rivers at the Launch of the construction of four Roads in Obio/Akpor Local Government Area in Rivers last Tuesday
A non-governmental
organisation, League of Character Clubs Nigeria (LCCN), has expressed dissatisfaction over blockage of pedestrian walk-ways by traders in Port Harcourt, the Rivers State capital.
The President-General of LCCN, Chief Christian Kokoriko, who condemned the attitude in an interview with The Tide yesterday in Port Harcourt, said there was urgent need for the state government to seriously address the issue.
Kokoriko accused the traders of encroaching on public walk-ways and noted that Port Harcourt City and Obio/Akpor local government area are mostly affected.
He urged the Rivers State ministries of transport, urban development in conjunction with the Rivers State Environmental Authority to rescue the innocent citizens from the selfish encroachment of traders.
He also called on the market union leaders in the affected areas to take responsibility of controlling their members.
“It is not an exhibition of responsible character. It rather goes a long way in portraying those in this shameful habit as public nuisance,” he stated.
Kokoriko regretted that while government invested huge sum of money to construct the pedestrian part ways, irresponsible traders convert them to extension of their shops and said such exhibition defeats the objective of putting the part ways in place.
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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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