Business
500 Exhibitors Register For Jos Trade Fair
Five hundred exhibitors have so far registered to participate in the 2017 Jos Trade Fair which began yesterday, according to Anista Marketing and Events Ltd, the organisers.
Managing Director of the outfit, Mrs. Bolcit Barshep told newsmen last Monday in Jos that 300 exhibitors had already erected their pavilions.
“The remaining 200 are still mounting their pavilion. As you can see, there is already a lot of excitement in the air; the Trade Fair has attracted exhibitors from inside and outside the country,” she said.
She said that the 2017 Trade Fair would boost the revenue of Plateau State because most of the exhibitors were foreigners.
Barshep said that security of exhibitors and visitors had been given utmost attention with all entrances manned by security personnel adequately equipped with scanners and other gadgets.
“We have done everything humanly possible to protect exhibitors and their property. I can confidently say that security is guaranteed,” she said.
Barshep urged Jos residents to make out time to visit the Trade Fair ground so as to have the privilege of buying products directly from the manufacturers at cheaper rates.
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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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