Business
Telecom Firm Introduces New Package
One of the fastest growing Telecommunication Companies in Nigeria, Etisalat Nigeria has launched its latest repackage called “Easy Cliq”.
The product as The Tide gathered, was designed to cover the needs and lifestyle of its youth market segment.
The Chief Executive Officer of Etisalat, Steven Evans, who spoke at a news conference in Lagos recently, noted that the product was meant for customers who constantly desired a refreshing and dynamic approach to expressing themselves.
Evans, explained that the product was also for young subscribers, who have high propensity to consume data, thus enabling them to express themselves and connect uniquely with their peers.
The Tide further gathered that the product will enable new customers to start their own business without much problems.
He also cleared that the rumoured SIM card shortage in its Kaduna station recently, was untrue, but an attempt to soil the company’s good image.
However, he has pleaded with its customers across the nation to continue their business with the company, saying that they will always get the best from the company.
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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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