Business
Association Seeks Policies To Protect Local Industries, SMEs
The President of Leather Products Manufacturers Association of Nigeria (LEPMAS), Mr Okechukwu Williams, has called for new policies to protect local industries in Nigeria.
Williams made the call in a statement made available to newsmen yesterday in Aba, Abia State.
He said that the absence of policies that could protect young industries in Nigeria was opening them up to unfair competition from imported products.
“There are lots of substandard and damaged goods dispatched and unchecked from Asian countries entering into Nigeria and making the country a dumping ground.
“In this regard, they are rendering our locally manufactured products uncompetitive to the foreign ones,” he said.
Williams called for adequate documentation of made-in-Nigeria goods shipped outside the nation’s shores to boost its earnings.
He also stressed the need to upgrade the nation’s transport infrastructure to ensure timely delivery of goods, save money and man-hours being lost on bad roads, especially in the South East.
Williams particularly called for concrete actions to boost the growth of SMEs in the South East and the country in general through adequate funding, export and import grants, technology development and capacity building.
He said that these would give indigenous SMEs comparative advantage in foreign markets.
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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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