Business
Stakeholder Decries Non-Patronage Of Local Printers
A business magnate in
the printing industry, Emmanuel Adeoye, has lamented the lack of patronage of local printers by multinationals, Federal Government Ministries and agencies and state governments.
Adeoye, Chief Executive officer of Print Express, a Port Harcourt-based digital printing outfit, expressed his displeasure in a chat with The Tide at the Port Harcourt International Airport, Omagwa, Wednesday, shortly after his arrival from attending the Fourth Digital Print solution Exhibition in Abuja.
He lamented that rather than patronise indigenous printing firms, “these multinationals and governments ministries, and agencies, including state government, prefer to do their printing abroad, thereby helping to stifle the industry in Nigeria”.
He observed that given the quality of products brought in from abroad, Nigerian printers are not doing badly.
According to him, “if you look at the jobs they bring in, like calenders, diaries, customized folders, they are not exactly better than what we do here”.
He added that the printing industry in the country was capable of creating thousands of jobs across the country.
He, however, noted that inadequate power supply was a major challenge they were grappling with in the industry, saying, “most of us have to be on independent power for as long as 18 hours per day and that eats deep into our profit. If we must stay in business then our fees have to be brought down to the minimum profit.”
He commended organizers of the Exhibition, Skysat Technologies which collaborated with Konica Minolta and Duplo to hold the exhibition and prayed that government would live up to its responsibilities by providing enabling environment for indigenous business to thrive.
He used the opportunity to call on government to patronise indigenous printers, saying, “our business has the potential to revive the economy as it is a multi-billion naira industry”.
Tonye Nria-Dappa
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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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