Business
DHL Plans Operations’ Expansion
International Express and
Logistics Company, DHL Express, has said it will continue its expansion and investment strategy across sub-Saharan Africa and considers Nigeria as a key market within the strategy.
The Managing Director, DHL Express, sub-Saharan Africa, Mr. Charles Brewer, said in a statement recently, “Despite the current global economic uncertainty, DHL expects the African region to deliver.
“As we see the continent surge as a result of sector investment, increased consumer spending and economic activity, the future is still bright for the continent.”
According to him, Nigeria is an attractive market for the company owing to the huge population of over 160 million and a Gross Domestic Product growth rate of seven per cent.
He explained that the country presented a major opportunity, adding that the opportunity was for the company to expand its foothold in the country by servicing the semi-urban and rural areas.
“So that anyone – from a student to a small business – can access our network, and the over 220 countries and destinations that we serve,” Brewer added.
According to him, there are hundreds of small and medium-scale enterprises in Nigeria and the company needs to provide easy access and a team of highly trained certified international specialists to lead them to the very obvious opportunities that trading with the world can present.
“DHL is committed to becoming their provider of choice, and as part of that journey, we will provide even more access points across Nigeria,” he said
Outside of the expansion of its retail footprint, Brewer said his other priority was people development and employee engagement.
“I believe we have some of the best talent in our organisation and we have the opportunity to hone and develop this talent. I am very passionate about our investments in training and in our various programmes that provide support for employees and their families,” Brewer said.
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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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