Business
PHCCIMA Fashion Show Winner For Paris Fair
The Port Harcourt Chamber of Commerce Industry, Mines and Agriculture will next year sponsor the winner of the 2012 PHCCIMA Fashion show, Mrs Linda Igwe-Ogbonnaya to the Paris Exhibition Fashion show.
The President of PHCCIMA, Engr. Exhibition Unachikwu stated this at the weekend while presenting Igwe-Ogbonnaya who goes by the Grand name ADY by Linda to newsmen at the Isaac Boro Park, venue of the on-going 8th Port Harcourt International Trade Fair.
Unachukwu who was recently elected PHCCIMA President at the Chamber’s Annual General Meeting in Port Harcourt said the objective of the fashion show which was co-sponsored by Wave Event Global an event management outfit, was to engage the interest of youths in fashion.
The show also seeks to provide a platform for enhancing the quest for brand exposure and entrepreneurship for up coming fashion designers, the PHCCIMA President said. In an interview with newsmen, the PHCCIMA fashion show winner, Linda Igwe-Ogbonnaya commend the PHCCIMAPresident, Engr. Emeka Unachukwu for introducing the show and availing her of the opportunity to express her inate talent.
The star who also won industrial sew equipment along with the sponsorship to the exhical fashion show in Paris said she will remain competitive fashion shows to achieve her full potentials.
The Imo-born rising fashion designer married to Ebonyi State urged to rising talents to believe in themselves in other to attain their fullest potentials.
Ayibatoaye Joe Pagatanga with the brand name JOE PAGATANGA emerged second at the fashion show, winning a chance to participate in the Nigerian fashion week and industrial sewing equipment while 83 & 80s finished third winning industrial sewing equipment and a chance to contest in the Nigerian fashion show.
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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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