Business
COVID-19 Countdown: Women Devise Bulk Buying Means
In a bid to overcome the harsh economic situation in the country, some women in Obio/Akpor axis have deviced means of buying from the wholesalers and producers with their little money.
This was disclosed by the leader of “Buy and Share” women platform, Mrs. Nneka Obiakor in a chat with The Tide in Port Harcourt, yesterday.
Obiakor who is a business woman, said the platform was created after the first lockdown to help women get foodstuff at a cheaper and affordable rate.
She reiterated: “buying in bulk reduces the cost per unit and also reduce how much we pay at the long run.
“We buy from the source (wholesalers) and share at cheaper rate. I believe the platform have benefited a lot of women and also add value for our money”.
The Buy and Share leader noted that the inspiration came after the first lockdown, adding that she was moved by untold hardship suffered by women, who must provide food for their children and households.
She added that the platform was also created to reduce the rate of going to the market places where the risk of contacting the virus was very high.
Obiakor called on women to join the platform to enjoy the economic benefit of bulk buying which she said has benefited many families.
In her contribution, the Proprietress of Brave Brain Academy, Mrs. Princess Temple Nwaichi, said the platform has provided women the opportunity of using small money to buy at the wholesale price, which would be impossible to achieve as individual buyers.
Mrs Nwaichi noted the usefulness of contributing to buy in bulk, saying: “the experience has been good and l urge others to come on board”.
Another woman, Mrs Ine Abalaba, said the group has been of immense benefit, “especially in helping me get big quantity with small money which makes my husband and children happy”.
One of the group members who identified herself simply as Gift said buying from the source also prevents from buying fake products.
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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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