Business
Rumuwoji Market Executive Warns Against False Publication
The leadership of Rumuwoji Mile One Market in Port Harcourt Local Government Area of Rivers State has warned members of the association against ridiculous false newspaper publications.
The chairman of the association, Mr Ndubueze Eze accompanied by other executives gave the warning while briefing newsmen at the association’s office in Port Harcourt, last Friday.
Mr Eze described the publication in one of the local tabloids in Port Harcourt by one Chief Stainless Iheanyichukwu Emenike as irresponsible and unfounded
Chief Emenike had in the publication alleged that the treasurer of the association, Mrs Blessing Paul Oluchi, Mrs Golda Nsiegbe, Mr Jude Onyeche(secretary),Daniel Iheme and Kenneth Eze, among others were engaging in sinister activities that could jeopardise the existing peace in the market .
However, the chairman in a swift response denied the allegation, saying that Chief Emenike lacks the powers to speak for the association.
“We are not aware of such publications, the owner of such statement by Chief Stainless Emenike only knows about the source of his information”, he said.
Eze described the publication as baseless a fabrication by its sponsors to curry cheap favour and undeserved attention from the Chairman of Port Harcourt City Local Government , adding that the exco were working hard to move the Rumuwoji market to greater heights.
He urged members of the public to disregard the publication as it was lascivious and has no verifiable proofs.
The chairman further warned that the executive would deal decisively with any member of the association who indulges in such act without the consent of the executive.
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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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