Business
Fake Video Machines Flood Electronics Shops In Rivers
In attempts geared toward
shortchanging unsuspecting customers, some traders have resorted to selling sub-standard and fake DVD products in Rivers State.
Investigations by The Tide recently in some shops in Port Harcourt and Ahoada indicate that such products have not lived up to the claims of one year warranty by the sellers.
For example, Faith Marcus who spoke to our correspondent said she bought a DVD machine at the cost of N5,000 in June 2014 at a popular shop at Ahoada.
According to her, she used the machine for only two months before it packed up.
Another victim who also narrated his experience to The Tide said he bought his own at the rate of N4,500 in August at a shop in Ahoada only for the appliance to stop function with two weeks.
They further explained that efforts to obtain replacement from the seller proved abortive as the traders said it was not their fault but that of the manufacturer.
Also narrating his ordeal, Mr. Jude Uzo, explained that he bought a DVD machine on December 22, 2014, but when he went home he was surprised the device did not function.
He said he returned it the following day and met a different person at the shop who claimed he was not aware of such transaction.
However, according to him, he produced the receipt which prompted the person to call a number.
When the actual person who sold the device to him came, he said they would not give him another one.
Uzo further explained that he threatened them with police action but they only offered to effect repairs.
However, an electronics dealer, Mr Hycinth Dibia, who spoke to our correspondent in Port Harcourt on the authenticity or otherwise of the 12 month guarantee that appeared on products said it was not binding on retailers to replace faulty products.
According to him, it was just a marketing strategy employed to attract customers by the manufacturers.
But an economist, Mr Chidi Muzan, who spoke to The Tide said the development may not be unconnected to the activities of unscrupulous business people that produce sub-standard parts and couple with genuine outer parts.
He therefore called for vigilance on the part of the regulatory agencies even as he called for proper monitoring of electronic shops across the country.
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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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