Business
Ijaw Youths Task Govt On Fish Market Development
The leadership of the Western Zone of Ijaw Youth Council (IYC) has called on Gov. Godwin Obaseki of Edo to create wealth and employment opportunities for the residents through the Ekewan Fish Market, Benin.
The Secretary of the zonal wing of the council, comprising of Edo, Delta and Ondo, Mr Omaghomi Olu-Derimon, made the call in an interview with newsmen in Benin on Sunday.
He said all that was needed to make the market a commercial hub for fish business was a standardisation of its operations.
He decried the present state of the market known for the sale of seafood as not encouraging commerce.
According to Olu-Derimon, the market currently supplies about 70 per cent of seafood in Edo and environs, hence the need to upgrade its infrastructure development.
“Ekewan Fish Market is a foremost market in Edo where buying and selling take place in seafood as its major commodities.
“People from every part of the state and outside visit the market which holds five days a week.
“As popular as the market is, the state government has long abandoned the market and now it is under harsh conditions.
“If the government can provide the necessary amenities for the market, it will boost commerce and create wealth as well as employment opportunities for the people, especially the riverine communities,” he said.
Meanwhile, Olu-Derimon has said that the recent installation of Amaokosuwei (traditional head) in the Ekewan community would ensure peace in the area.
He charged the entire community to rally round the installed Amaokosuwei, Alaowei Ejugue, to bring in the needed development to the community.
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Business
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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