Business
Fertilizer Vendors Seek Notore’s Patronage
The Fertiliser Vendors Association of Nigeria, Rivers State chapter has appealed to Notore management to patronise the services of the association in transportation of fertilisers from the company.
In an interview with The Tide on Monday at Trailer Park, Eleme, an official of the association, Mr Braimoh Yusuf said that the association members needed more recognition through adequate patronage in lifting the fertiliser product for distribution across various destinations.
Braimoh stressed that the association has cordial working relationship with the company’s management, urging the company to reciprocate the association leadership relationship.
He said that the association’s trailers have been on stand for lifting products for distribution.
He emphasised that the association’s leadership had confidence in the Notore management for vision and exemplary management skills to navigate the company to its present profit making status.
He urged the company’s management to maintain its present level of production and managerial skills with a view to meeting demands of farmers and other end users of fertilisers in Nigeria.
Braimoh also commended the management of Indorama Eleme Petrochemicals Company Limited for their intention to expand the fertiliser plants through building of the second plant.
He said that Notore and Indorama fertiliser plants would address the challenge of the shortage of fertilisers by farmers in the country and other end users.
He said the vendors association would continue to promote peaceful co-existence and working relations with the management of the two companies for effective distribution of their products to end users.
Philip Okparaji
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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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