Business
Consumers Lament Food Prices In PH

Minister of Health, Prof. Isaac Adewole (middle); Acting Director General, National Agency for Food and Drug Administration Control (Nafdac), Mrs Yetunde Oni (3rd right) and World Health Organisation Country representative, Dr Rui Vaz, at the unveiling of the Nafdac Good Manufacturing Practice Guidelines for Pharmaceutical Products 2016 in Abuja on Tuesday last week.
A cross section of con
sumers of food stuff in Port Harcourt, the Rivers State capital have been lamenting over the price increase on such items, saying the situation is drastically affecting their livelihood.
The consumers, who barred their mind in an interview with The Tide in Port Harcourt at the weekend, said the increase in prices of food stuff was not unconnected with the lingering fuel scarcity across the country.
According to them, the after – effect of the fuel scarcity is seriously affecting them as transporters hike fares while transporting their goods and wares.
They said that government should address the issue of fuel scarcity in order to save the consumers from these untold hardship.
Sister Gloria Alao said the effect of the fuel scarcity is weighing seriously on the consumers as they expend more money to purchase their daily needs.
Alao opined that they are paying for what they did not bargain for as there is 100 per cent increase in most food stuff they bought in the market and elsewhere.
In her reaction, Mrs Abigail Ufoma Jonah, said the sudden increase in prices of food stuffs in the market is really a source of concern to many families as some could not afford it due to the hash economy.
According to her, if government solves the issue of fuel scarcity, the prices of food stuff would drastically reduce as those traders going to the interior to get the stuffs would now pay less to transport them.
Stephen Ibifaa also lamented that food stuff had gone high due to the fuel scarcity and the bitting economy, and called for a lasting solution to save the common people in the society.
Alapakabia Inumama, in her reaction said the rising prices of food stuffs had been a great concern to the masses who are at the receiving end especially the consumers, and appealed for restoration of normalcy in all sectors of the economy.
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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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