Business
Gov Inaugurates Stanel World, Suleja, Sept 4
Executive Governor of Niger State, Abubakar Sani Bello will on Tuesday, September 4, 2018 inaugurate Stanel World, Suleja, Chairman/CEO of Stanel Group, Dr Stanley Uzochukwu disclosed in a statement.
According to the statement, the inauguration ceremony will be attended by dignitaries across the country including Governor Bello who will formally declare the facility open for business.
Stanel World is a ‘One-Stop Facility’ luxury mega centre that comprises a mega gas station, Stanel owned Chicken Republic, French bakery, automated car maintenance centre and other services.
Other products and services available at the centre include Stanel tyres, Stanel oil, pharmacy store, Farmers’ Market, supermarket, home delivery services among others.
“Stanel World, our unique mega centre is ready for commissioning in Suleja on Tuesday, September 4, 2018. We started the story of Stanel World from Jos, Plateau State and moved to Awka in Anambra State. Stanel World Awka was commissioned in June last year, 2017 and now we are set to commission our facilities in Suleja, Niger State.
“This confirms my earlier promise that we will be in the 36 states of the federation within the shortest possible time delivering the best services to Nigerians. We are expanding in leaps and bound. After Suleja, other states will be our next destination for investment by God’s grace,” the statement quoted Uzochukwu as saying.
He added that: “Our products and services have been tested and is reliable as our state-of-the-art facilities and our highly trained staff remain dedicated to delivering on our mandate of offering the best services to the people.
“We are here in Suleja like other states to also create jobs and engage youths in various skilled and unskilled jobs thereby taking them off the streets”.
He expressed appreciation to Governor Bello for providing a condusive business environment in Niger State and Suleja in particular for the establishment of the outfit.
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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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