Business
Firm Urges Local Production Of Photo Materials
A Port Harcourt-based photographic company, Redkarpet Multi Links Ltd, over the weekend donated some food items, clothings and cash to two Charity Homes in Port Harcourt.
The benefiting Charity Homes are OLG organisation, Woji, which caters for people with autism and the Port Harcourt Compassion Home.
The Business Development Manager, Princess Victoria Woluchem, said the gesture was part of the company’s activities to mark its one-year anniversary.
Woluchem stated that in expressing gratitude to God for the divine guide and blessing to the company, there was need to remember the less privileged in the society and touch their lives.
The company, which started operation on 8th June last year, she said has done pretty well inspite challenges.
“We successfully Covered the Commonwealth Parliamentary Assembly, 40th African Regional Conference, ION International Film Festival, the 2009 CARNIRIV and also covered Port Harcourt International Polo Tournament”, she said.
“Apart from the above, we have been remarkable in the coverage of other numerous private and corporate activities within the state and beyond”, she added.
The Business Development Manager, who revealed that her company is looking forward to the forth coming Rivers State Cultural festival, billed for December this year, stressed the ambition of her company to become the most proficient and purpose-driven digital imaging organisation in sub-Sahara Africa through the assemblage of passion-driven core professionals in the industry.
Woluchem revealed that Redkarpet has trained good number of photographers within the past twelve months and that arrangements have been concluded to train some Niger Delta persons in photography as part of the skills acquisition progamme in partnership with the Niger Delta Development Commission (NDDC).
Commenting on the challenges, she stated that the company was sited near the Rivers State University of Science and Technology in the hope of enjoying patronage of the university community but regretted that the university had been on strike for the greater part of the year.
She also noted that the unavailability of local resources for the industry was a major challenge facing photographic companies.
“We import over 90 per cent of our raw materials from out side the country and this is not helping the industry in its bid to grow as in other countries”, she remarked.
Woluchem called on investors to take interest in the manufacturing of photographic materials locally in view of abundant opportunities available in it.
The manager commended the customers of the company for their patronage and reassured them of consistency in quality standard of services.
She gave kudos to the Rivers State Government for complimenting the efforts of the Federal Government in bringing about peace through the amnesty programme.
Chris Oluoh
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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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