Business
SON Seeks Policy To Repatriate Substandard Goods
The Standards Organisation of Nigeria (SON) has urged the Federal Government to consider a policy aimed at returning substandard goods to countries of origin to boost consumers’ confidence and strengthen international trade.
SON’s Director-General, Mallam Farouk Salim, said, at an enforcement exercise on Monday, the policy would address the preponderance of imported fake and substandard goods in the country.
Salim noted that an arrangement to return goods with no economic value to countries notable for producing substandard goods was timely and critical.
“One arrangement I would love to have is the ability to return substandard goods back to country of origin, while also paying back the importers of the products if they were wrongly deceived.
“However, a situation where the importer was not deceived, we would prosecute the importer.
“We will support any country to prosecute any manufacturer or importer with their own laws over there, but that law to my knowledge is not yet in place, I will definitely like to appeal to the relevant authorities in the future to put such enabling law in place,” he said.
The SON boss revealed plans to destroy over N300 million worth of substandard gas cylinders and tyres.
According to him, the products failed to meet the minimum requirement of the Nigerian Industrial Standard (NIS) and, therefore, were not safe for consumption by the public.
Salim said the agency was also increasing its surveillance and intelligence to checkmate the influx of substandard goods, while restating its commitment to zero tolerance for substandard goods.
“We are destroying these goods in an environmentally friendly way because we do not want to pollute the environment and we also must ensure that everything recyclable would be recycled properly.
“We are looking at N300 million worth of goods to be destroyed and this is just an estimate.
“About six containers of tyres were stuffed into each other and for the cylinders, we intercepted them from multiple sources.
“We still have more products waiting for court orders to be destroyed because we cannot on our own destroy them,” he added.
Salim stressed the standards body’s preparedness to ensure the passage of only goods that met the minimum requirements following the commencement of the African Continental Free Trade Agreement (AfCFTA).
“In terms of the AfCFTA, we are prepared as far as standardising is concerned.
“We are ready for any situation whether from Africa or other continents across the world,” he said.
Also speaking, SON’s Compliance Director, Engr. Obiora Manafa, said the agency was poised to intensifying its sensitisation programmes to educate Nigerians on the negative effect of substandard products in 2021.
“The sensitisation campaigns had so far yielded positive results according to the feedbacks of many market organisations on the processes,” he said.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
News2 days agoDon Lauds RSG, NECA On Job Fair
-
Transport9 hours agoNigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Niger Delta6 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Nation7 hours agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Sports7 hours agoSimba open Nwabali talks
-
Rivers8 hours ago
Fubara Restates Continued Support For NYSC In Rivers
-
Niger Delta8 hours ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Oil & Energy9 hours agoElectricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target
