Business
SON Impounds N200m Fake Tyres, Electrical Parts
The Standards Organization of Nigeria (SON), has impounded tyres worth N200,000, 000.00 in Lagos, recently. Other products impounded include electrical parts with brand names such as Ovation, Startubes, Ekovison and Lanvigator.
The Director of compliance, SON, Bede Obayi, who made this known while conducting newsmen round the seized consignment at SON’s warehouse in Ogba, Lagos, stated that the seizures were made following intelligence monitoring, and declared that the organization would continue the campaign of ridding the country of fake and substandard products.
He explained that the electrical items were found stuffed in the tyres, which automatically destroys the tyres on arrival and that allowing such tyres to be used in Nigeria, spells doom for motorists.
He said technically, stuffing unnecessarily expands the tyres or unduly compressed them, bends the wires round the tyre helms and creates sharp points and makes them vulnerable to bursts on slight contacts.
According to him, “we have told Nigerians the new SON D-G has vowed there is no hiding place for those who deal in substandard products, as such, they would be caught and their products confiscated. Today is an example.”
He noted that as many as five tyres were stuffed into one, with many of them already squeezed and weakened, explaining that the unsuspecting consumer might ignorantly take the face value of tyres to mean they are healthy.
He said, “nothing here can be recouped, so no need to test anything because the tyres have already been destroyed on arrival. You can imagine the amount that would have been going into the drains due to greed of some people.”
He warned that SON was bent on checkmating the importation of substandard products.
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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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