Business
NRC Frowns At Traders’ Attitude On Rail Lines
The Eastern District of
the Nigeria Railways Corporation Port Harcourt, (NRC) has called on traders to steer clear of train tracks in their own interest.
An NRC source who spoke to The Tide but asked not to be named said several appeals to Mile I market traders has fallen on deaf ears.
The source who enumerated the dangers inherent in the unwholesome activities of these traders said they has taken the simple approach of the railways authorities to mean weakness.
Our correspondent who went along the rail tracks at the Diobu axis reports that traders were busy doing their selling on the tracks.
Some pedestrians who spoke to The Tide correspondent on the issue, condemned the attitude of the traders.
They said most times pedestrians were molested on the mere excuse that they tried to pass over the rail lines.
However, when The Tide visited the NRC District Office in Port Harcourt, the Station Manager, Kingsley Abiodun could not be reached for comments even as the station superintendent Cyril Ohamu was said to be away on official duties.
On whether the NRC and the traders have reached a compromise on the situation at the Mile One area a source at the Port Harcourt district office declined comment.
It could be recalled that authorities of the NRC have made unsuccessful efforts to dislodge traders who sell along the rails.
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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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