Business
SON Warns Manufacturers Against Sharp Practices
The Standards Organisation of Nigeria (SON) has warned manufacturing companies in the country to desist from engaging in sharp practice, such as printing of fake NAFDAC numbers on their products.
The agency’s Regional Director (North Central), Mr Louis Njoku, gave the warning in Ilorin in an interview with newsmen.
He said the market survey unit of the organisation would henceforth arrest those involved in such nefarious activities.
Njoku urged manufacturing companies to adhere strictly to approved standards in their productions or be ready to face sanctions.
He said SON had standards for different products which must be fully adhered to by manufacturers.
Njoku added that the organisation had taken necessary measures to control the influx of sub-standard products from outside the country, and advised Nigerian industries to abide by the Nigerian industrial standards in their own interest.
He said SON was not established to close down factories or manufacturing companies, but to monitor their activities against the production of sub-standard goods.
He also noted with regret that many stakeholders in Kwara were not well informed about the activities of the organisation.
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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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