Business
Traders Urge Provision Of Light, Accessible Roads
Traders at White Sand Modern Market, Oyingbo, Lagos, have
appealed to the state government and the market’s supervising local council
area to provide them with electricity and good road network.
Alhaji Adio Oyerinde, the market’s Chairman, made the appeal
on Thursday as the traders observed the state’s statutory weekly Market
Sanitation Exercise.
Oyerinde said the provision of the amenities would help to
project the market as an international one.
“We have been in darkness for the past 12 years in this
market.
“And we have been hearing promises from the state government
and the Mainland Local Government Area, under which jurisdiction we fall.
“Up till now, we have not seen the public electricity supply
or even good roads here,“ Oyerinde, also the Babaloja of the market said.
He said if the government provide them with electricity and
accessible roads, many of their members that have closed shop would definitely
come back.
On the sanitation exercise, the market leader said that they
were working in collaboration with the Lagos State Waste Management Authority (LAWMA)
to always maintain a clean environment.
“We pay N60,000 to LAWMA on monthly basis for disposal of
our waste. All these efforts are to ensure cleanness of the market always,’’ he
said.
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Business
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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