Business
MAN Wants Enabling Environment For Business
The Manufacturers Association of Nigeria (MAN), Rivers and Bayelsa States chapter, has called on the two state governors to create a conducive environment for manufacturers to do business and compete favourably.
According to MAN, a conducive environment for business and manufacturing activities will enable manufacturers do business favourably, and thereby generate employment.
The Rivers and Bayelsa Chairman of MAN, Michael Pepple, who disclosed this to journalists at the weekend in Port Harcourt, noted that the association was faced with the problem of multiple taxation.
He said multiple taxation has negatively affected their business operations, saying this has added to the cost of production.
“We are already having a situation where cost of things are going higher everyday, but this is not good enough for the system.
“When the taxes we pay in the course of producing become so much, it will affect production capacity and efficiency, even in terms of creating employment.
“That is why it is necessary to draw the attention of Governor Nyesom Wike and Governor Douye Diri to this, so that they can create an enabling environment for us to operate in this our own area”, he said.
Pepple, however, expressed the determination of manufacturers in Rivers and Bayelsa states to raise the bar in terms of competing with other manufacturers elsewhere, but pleaded for understanding from government.
He said that conducive environment would create room for business to thrive, and also generate employment for youths.
By: Corlins Walter
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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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