Business
Manufacturers Advised To Register With MAN For Business Opportunities
Manufacturers in the North East zone of Nigeria have been advised to register with the Manufacturers Association of Nigeria (MAN) for opportunities to boost their businesses.
The newly elected North East branch Chairman of MAN, Alhaji Ahmed Jarma, made the call in a statement in Yola, yesterday.
Jarma, who is the Managing Director of Adama Beverages Ltd., Yola, said the association was always ready to promote the interest of members as well as liaise with government in policy formulation.
According to him, by getting registered and being active members of the association, manufacturers in the region would have the needed information to boost their businesses.
Jarma expressed happiness over his election and pledged to use his experience to further uplift the association in the sub region.
He also promised to be a good ambassador of Adamawa.
The North East branch of the association comprised members from Adamawa, Benue, Plateau, Bauchi, Gombe, Borno, Yobe and Taraba states.
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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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