Business
Task Force Raids Street Traders In Lagos
Goods worth thousands of naira were on Monday confiscated and taken away by task force in-charge of the Lagos Central Business District (CBD) for alleged street trading and other offences.
Our correspondent reports that several wares, tables and chairs were destroyed by officials of the task force for obstructing free flow of traffic in the area.
Some of the officials who spoke with newsmen said that the traders had to be raided after efforts to persuade to leave the streets failed.
“The act was carried out after several notices were served on the traders to stop trading on streets in the CBD, Mr Fatai Jenmi, Special Assistant, Operations, said.
Jenmi told our correspondent that the task force had called the traders to several meetings but the meetings yielded no result.
“We have used megaphone to talk to them many times and even on one-on-one basis”.
“People come to the market and complain of not finding space to walk because every where on the road had been taken over by the traders”.
“We need manpower and the government should equip us very well because sometimes the traders engage us in a fight. We need the police to assist us,” he said.
Jenmi said that in spite of the daily seizure of their goods, the traders still displayed their wares on the road, thereby causing hardships to motorists.
One of the traders, Mr Chidoke Chinedu, who spoke to newsmen, said they had not left the roads because they had no alternative.
Chinedu pleaded with the state government to hasten the completion of the new Sangross market to save them from the daily harassment and embarrassment.
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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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