Business
SON To Reduce Substandard Goods By Dec 31
The Standards
Organisation of Nigeria (SON), has declared its preparedness to implement the policy of reducing the quantity of substandard goods in Nigeria by December 31, 2015.
Speaking to newsmen in Lagos on Monday, the Director General of SON, Dr. Joseph Odumodu said the battle against substandard products would be total, stressing that the organisation would reduce substandard products in the country to 10 per cent by December 2015.
Odumodu said the newly amended SON Act by the National Assembly has given more statutory powers to the organisation to deal more effectively with those bent on sabotaging economic policies of the government, especially those geared towards industrialization and job creation, among others.
He said SON will not allow the circulation of substandard products as adequate measures have been put in place to checkmate such circulation of fake and substandard products in Nigeria.
He pleaded with the federal government to return the SON officials back to the nation’s seaport for the organisation to perform its statutory roles of identification of fake and substandard products coming into the country through the nation’s various seaports.
The DG of SON emphaisized that SON would always work with other stakeholders and law enforcement agencies to reduce fake products.
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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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