Business
BOT Registration: ANLCA Acquires CAC Certificate
As further confirmation of recognition, the Corporate Affairs Commission (CAC) has issued fresh certificate recognising Dr. Taiwo Afolabi and Chief Ozo Chukwura as Chairman and Vice Chairman of the Registered Board of Trustees (BOT), Association of Nigeria Licensed Customs Agents (ANLCA) .
The certificate issued recently with registration number 6754, also listed Onyenaechi Offor, Emmanuel Azodo, Eniola Igbaroo, Ayokunle Abel, Aliyu Isa, Shamsudeen Awopeju and Christian Igwe as members.
Chairman of SIFAX Group and proprietor of Marriot Hotel, Lagos, Dr Taiwo Afolabi, was elected the Chairman of the BOT of ANLCA.
Afolabi was chosen by other BoT members in Lagos last year.
By: Nkpemenyie Mcdominic, Lagos
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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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