Business
Ghana’s Garri Steals Show At Lagos Fair
Many Nigerians queued at the ongoing Lagos International Trade Fair scrambling for garri that is made in Ghana.
The product, which was neatly packaged in 125 grammes sachet and labeled “Crispy Gari Mix’’, was on display at the Ghana stand at the fair.
The product was mixed with groundnut and sugar and was being sold for N170 per 125g at the Ghana stand.
Many Nigerians were seen waiting patiently for their turns to buy and taste the garri packed in attractive blue and white sachets.
The Commodity Manager, Mr Ernest Boateng, said he was highly impressed with the sale within two days of showcasing the product in Nigeria.
“I am surprised at the high patronage between yesterday and today, amongst other product we brought for sale, this one sells more,’’ he said.
Mr Oshodi Tunde, one of the buyers, who was seen eating the product directly from the pack, advised Nigerians to copy the innovative idea.
“Nigerians should make use of this idea by packaging garri with sugar and groundnut for sale too.
“We should stop looking for white collar jobs and try to do something meaningful with our country’s resources,’’ he said.
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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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