Business
Abuja Photographers, Card Sellers Make Big Sales
Commercial photographers, recharge card sellers and insignia marketers last Thursday, defied heavy security at the venue of the national award ceremony in Abuja to make brisk sales.
A cross-section of the marketers who spoke to newsmen said they entered the International Conference Centre, venue of the ceremony as early as 6.30 a.m. to beat security and carry out their businesses.
According to them, the annual occasion presents a huge platform for the sale of their products.
Prince Christopher, a photographer expressed satisfaction on the friendly disposition of most of the award recipients, saying, “they did well for claiming their pictures at good prices’’.
Alpha Daniel, another photographer said that the profit he made at the event compared with the profit he usually make in three days put together.
“I am so happy, the extra money made would be used to buy a new digital camera and some accessories to boost my business,’’ Daniel said.
The Tide source reports that a total of 186 persons were given national awards at the ceremony.
The venue of the ceremony which attracted over 15,000 visitors had an additional 5,000 visitors who could not gain entrance to watch the event.
Abdullahi Musa, a recharge card seller, said that he was able to sell N15, 000 worth of vouchers, remarking that, “it was a blessed day’’.
Moses Achukwu, another recharge card seller, explained that the day’s sales were smooth and quick, saying, “it will be good if the leaders can transform the economy to become more boisterous as it is here today’’.
Chris Madu, an insignia marketer, stressed that the turnover from the sale he made was tremendous, saying, he relied on the heavy presence of securitymen and government officials to market his 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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