Business
World Post Day: PH District Counts Benefits
As the world celebrates World Post Day today, the Port Harcourt District Manager, Mrs Funmilayo Esiri, says the Nigerian Postal Service ((NIPOST), has adjusted favourably to rank among the best in the world.
Esiri who spoke with newsmen yesterday in Port Harcourt , said that NIPOST had done enough to beat any kind of challenge in the industry.
She recalled how the introduction of the information technology into the system nearly threatened the industry, but expressed satisfaction that NIPOST had remained in business.
She listed some innovations of the post to include Post Cash that enabled online cash transfer, saying the system was useful for those who move cash around for business transaction.
The district manager, also listed E-commerce and Logistic as one of the innovations in the postal system, which according to her aided in transfer of larger items from the country to overseas at a subsidized rate, as well as Post Shop, which aids in bringing services closer to the people.
She expressed regrets that people were yet to utilize the numerous business opportunities available in NIPOST.
“This celebration is an opportunity for me to brief and assure you that our leadership position in the postal industry and existing goodwill with Government of Rivers State under Governor Nyesom Wike, will be maintained”, she added.
She further hinted that the POST had since left its traditional service delivery system and joined the modern practice.
It would be recalled that this year’s celebration was the 145th anniversary of the Universal Postal Union (UPU), since its inception in 1874 by an agency of the United Nations Organization (UNO), which is marked every October 9.
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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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