Business
Taxi Drivers Shun Rumuokoro Park
Commercial drivers
that operate within the Rumuokoro area have resorted to loading and off-loading their passengers outside the motorpark.
The Tide has observed that the usual high traffic of vehicles that greets the Rumuokoro Motor Park has drastically reduced since last week, as many commercial vehicles no longer drive into the park to load or off-load their passengers.
It was gathered that the reason for the change of loading business operations was due to the current muddy state of the motor park.
The cause of the ugly scenario at the park, it was gathered, was due to the construction work on the East West road, which has been worsened by the rains.
In the opinion of one of the drivers that operates outside the park; the motor park has become less attractive for operation, as the place has become muddy and water logged.
Kenneth Agwu, a commuter, described any form of compulsion to use the motor park in its present state as a punishment to the commuters.
Corlins Walter
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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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