Business
KDAN Tasks Members On Registration
In a bid to check adultera
tion and incessant fire out-breaks as a result of kerosene explosion, the state President of Kerosene Dealers Association of Nigeria (KDAN), Comrade Big-Daddy Fred Barango has called for the formal registration of all Kerosene dealers with the association before the end of the year.
Comrade Barango, who made the call when executive members of the association, Akuku-Toru Chapter paid him a courtesy call in his office in Port Harcourt said all surface tanks and jerry-can dealers are also enjoined to register with the Association.
He said the registration would enable the body identify genuine dealers of the product, thereby helping to regulate the Price as well as check sharp practices by some dealers.
According to him, the exercise would help prevent adulteration and scarcity of the product.
Comrade Barango assured Kerosene dealers in the state that the association would ensure effective distribution of the product to all the nooks and crannies of the state, and also monitor the products meant for the state from being diverted to other states.
In his response, the leader of the team, Mr. Buruibabiya Jack had commended the leadership quality of Comrade Big-Daddy Fred Barango, and described him as a visionary leader, urging him not to rest on his oars.
Mr. Jack lauded the state President of the Association for introducing fine extinguishers around the business premises, and pledged their unalloyed loyalty and support for the Association for effective administration.
Meanwhile, the state President of KDAN, Comrade Barango has called on the state Government to intervene in the rift between the management of PPMC and kerosene peddlers at the Port Harcourt Refinery depot.
The president who stated this while briefing newsmen in his office in Port Harcourt said no DPK or AGO had been lifted from the Port Harcourt PPMC depot in the last three weeks, adding that dealers now buy kerosene from outside the state to sell to consumers in Rivers State due to the crisis at the depot, and called on the state government to intervene into the crisis as the end result would bring hardship to consumers in the state.
Collins Barasimeye
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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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