Business
Group To Sensitise Importers, Others On Eastern Ports
The Mariime Energy Media Practitioners of Nigeria (MEMPON), has said that it would embark on sensitisation campaign to educate importers, agents and industrialists on the need to patronise the Eastern Ports.
National President of MEMPON, Dr Ralph John, who disclosed this in his address during a summit organised by the association in Port Harcourt recently, said such campaign would be carried in major business environments and markets.
Some of the places he earmarked for the sensitisation campaign are the popular Ariaria Market in Aba and Ochanja market in Onitsha, Anambra State and other avenues to woo importers to Eastern Ports.
The MEMPON leader, however, called for synergy among operators and media practitioners in the maritime and energy sector so as to upgrade and develop businesses in the sectors.
“MEMPON encourages maritime and energy players to make use of credible and ever skillful pool of e experienced media practitioners to solve intractable challenges facing them.
“That is actually the reason for the theme of this summit, Reviving the Economy through Constructive and Effective Maritime, Energy Media Engagement”.
“We call on all chieftains in the Industries, Maritime and Energy and governors of oil-producing states, traditional rulers, technocrats to make effective use of MEMPON platform to inform, and educate your public of Progress in the economic development of the nation. We request for financial support to facilitate various activities of MEMPON”, John stated.
The four ports that made up the Eastern Ports are Port Harcourt port complex, Onne port, the Warri port and Calabar ports.
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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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