Business
Rescind Decision, Vulcanisers Beg Wike
Following the order given recently by the Rivers State Government for traders and artisans to vacate every road side, vulcanisers in the state have appealed to Governor Nyesom Wike, to rescind his decision, as earlier announced.
Chairman of the Vulcanisers Association in Rivers State, Semiyu Alade in an interview with newsmen in Port Harcourt early this week, said their members did not cause obstruction on the roads.
Alade maintained that their jobs are best done on the road side. He also explained that their members kept their environment clean and obey the laws.
“This order will affect us negatively because we do not have another vocation.
“This a trade that we have learnt as far back as 1976 in the state”, he said.
He expressed surprise by the order and further urged the state governor to make an exception in their case.
According to him, all vulcanisers across the 36 states of the federation and Abuja operate by the road side.
“In all the 36 states of the country there is no where you will not find vulsanisers on the road side”, he said.
He added that their activities did not cause hold up even as he further urged the governor to look into the complaints of his members.
It could be recalled that the state government recently announced a one-week ultimatum to traders and Vulcanisers amongst others who constitute nuisance on the road to vacate or face unpleasant consequences.
A statement signed by the Special Assistant to the Governor, on Electronic Media, Simeon Nwakaudu, said failure to remove them would lead to the impoundment and their owners, prosecuted.
The governor is expected to set up a taskforce to implement the new directive as to ensure the maintenance of law and order.
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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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