Business
FG, RSG To Partner In Weights, Measures Act
The Rivers State Government and the Federal Ministry of
Trade and Investment have opened discussions designed to implement and promote
Weights and Measurement Act of Nigeria, in the State.
Hon. Commissioner for Commerce and Industry, Mr Chuma Chinye
made this known, when officials of the Federal Ministry of Trade and
Investment, visited him recently in his office.
Mr Chinye stated that the present Administration is working
to deliver on its mandate of transforming the lives of the people through
pragmatic programmes and projects.
He lauded the Federal Ministry of Trade and Investment for
setting standards of measurement in the delivery of goods and services.
The Commissioner pointed out that state government will
collaborate with the Department of Weights and Measures to help navigate the
changes in the measurement and standardisation of goods and services.
He lamented the absence of the implementation of the Weights
and Measures Act of the Federal Republic of Nigeria in Rivers State since its
creation.
He assured that everything possible would be done to ensure the success of enforcing the standards of indigenous measures for goods and services, also noting that people should get value for their money.
The Weights and Measures Administration derives its power
from the Act and its Regulations, item 65, Weights and Measures is on the
Legislative List of the Second Schedule, to the Constitution of the Federal
Republic of Nigeria, 1999.
In his speech, the Driector of Weights and Measures, Federal
Ministry of Trade and Investment, Engr. Sukuade Joseph re-emphasised that the
Federal Government remains committed to working closely with the state in
improving the quality of services, adding that “we all need to work together to
achieve our common goals and aspirations.”
Engr. Sukuade stressed the need for a Working Committee to
be setup in order to work out the modalities for the implementation of the
Weights and measures Act in the state.
He explained that weighing and measuring instrument used in
the trade and commerce are to promote customers confidence and protection.
He also pointed out that it will guide and standardise the
Small, Medium Scale and Enterprise (SME) as well as bring conformity in the
manufacturing industries.
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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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