Business
PHCCIMA Plans New Database For Members
The Port Harcourt Cham
ber of Commerce, Industries, Mines and Agriculture (PHCCIMA) has developed a database for all its members.
The publicity secretary of the chamber , Chief Nabil Saleh who disclosed this during an induction ceremony in Port Harcourt said that the chamber is out to ensure up to date information on all its members.
He said that the planned database would link the new PHCCIMA prepaid visa card as well as all members identification number.
The President of the chamber, Engr. Emeka Unachukwu said that membership of PHCCIMA is voluntary as there is no law that compels individuals and organisations to join.
He however, said that the chamber had sets of conduct and rules which members are bound to obey and enjoined the new industries to seize the opportunity to improve their professional competence in their various endeavours.
Also speaking, the First Deputy President of PHCCIMA, Dr. Renny Cookey said that the database being proposed by the organisation would go along way in ensuring effective business networking among members.
Dr. Cookey whose speech was entitles. “Leveraging Chamber Membership for Business Networking and success” said that the chamber was working hard to create enabling environment for members as well as other business enterprises.
According to him, the various programmes being put in place by PHCCIMA will help in the growth of its members from local level to international level and urged members to key into the networking programme.
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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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