Business
Traders Laud Edo Govt For Fumigating Markets
Traders in Benin have lauded the Edo State Government for fumigating markets and other major areas of the state to stop the spread of COVID-19 in the state.
Some of the traders, who spoke with The Tide source in Benin, yesterday, however, lamented lack of patronage due to the relocation of some of the markets.
According to them, this is due to the relocation of markets to Imaguero College, Egor Secondary School and Iyoba Girls College, Benin.
Bolanle Aruna-Dele, a trader at Imaguero College said that since the directive, people hardly patronised her again.
“This disease has destroyed so many lives, especially, people living abroad, it is so unfortunate that we are experiencing such pandemic.
“As you can see, our market stalls are far from one another and we are practising social distancing.
“I love my customers and that is why I bought this dispenser, buckets of water and sanitiser to ensure they properly wash and sanitise their hands.
“We, as Nigerians, are lucky that we hardly die from this disease, as one can still recover from the sickness,” she said.
Eki Osawe, a trader at Egor Secondary School, noted that ‘majority of customers and traders do not practise social distancing’.
“Some of the customers and traders do not practise social distancing because they feel safe with the mask while others shun the face mask due to its high price.”
According to her, it will be difficult to avoid this disease if we keep moving around; staying at home is the only way to avoid this virus from spreading.
“As you can see, I am wearing my face mask, trying to protect myself, but some people do not even believe the virus exists,” she said.
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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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