Business
Car Dealers Appeal For Ultimatum Extension
The Rivers State Association of Car Dealers has appealed to the Rivers State Governor, Chief Nyesom Wike to extend the one month ultimatum given to their members who operate from the roadside to vacate the roads.
The chairman of the association, Mr Eeson Umeh, made the appeal in an interview with newsmen in Port Harcourt.
Umeh said that the one month ultimatum was not enough to seek alternative location
The association is therefor, asking for a further one month extension, saying it would enable them proper relocation.
According to him, “as he (Governor Wike) has given us one month, it would be good for him to extend it up by an extra one month”.
Umeh further said, the one month extension period would enable the association sensitise their members on the need for relocation.
The car dealers number one man lamented the current lull in car business, saying that there are not too many people buying cars in the State.
He said, “for a dealer to secure a place and pay is not possible now because very many people are not buying cars now”.
He however, enjoined members of the association who do not have car shops to collaborate and get a shop to avoid being forcefully evicted from the roadside, saying if you don’t have a car shop, go and identify yourself with people that have car shop.
It would be recalled that the one month ultimatum given by the government elapsed last Monday, but enforcement has been scheduled to begin today.
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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