Business
Rename Mile One Market After Obi Wali …Stakeholders Tell Wike
The Chairman of the Mile I Rumuwoji Phase II Market Shop Owners Association, Chief Young Obene C. Georgewill, has called on the Rivers State Government to rename the two phases of the market after the late Dr. Obi Wali.
The Chairman, who said this during the inauguration of the association in Port Harcourt, noted that renaming of the market after the late elderstatesman would be a good reward for his contribution towards the development of the market.
Chief Georgewill also called for the inclusion of the association in the allocation committee of the market, stressing that those who laboured tiressly for the market should get their shops back.
He also said that the association would sustain its welfare programme for the host community, adding that Rumuwoji community will get its lion share interms of employment and other programmes.
Georgewill also pledged the committee’s preparedness to support the state government in its bid to improve the quality of market environment in the State.
Also speaking, Rev. Canon Isaac Erekorsima urged traders in both Phase I and Phase II of the market to be sincere in their dealings with the public.
According to the cleric, they must see their position as servants of the people.
He also charged the association leadership to see all the traders as equal stakeholders.
Also speaking, the public Relations Officer of Rumuwoji community, Hon Wobo thanked the leadership of the association for their peaceful conduct during the election.
He said that the community would support the association to succeed.
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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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