Business
Yuletide Fuel Availability Excites Motorists
A cross section of motor
ists in Port Harcourt, Rivers State Port Harcourt have expressed delight over the availability of petroleum products before, during and after the yuletide period.
The motorists, who spoke with the Tide correspondent in Port Harcourt on Monday said they were delighted as they could drive their vehicles without the usual fuel scarcity that used to charactirise the season in previous years.
According to them, as there is fuel, no fare increase was experienced in all the routes of transportation, both inter and intra, while the motoring public did not experience any queues at filling stations.
They gave kudos to the present administration that such should be sustained, so that commuters ad the public would heave a sign of relief during such periods.
A commercial bus driver, Mr Emeka Lawrence Offor said the experience was wonderful unlike previous years, as they could operate hitch-free during the christman and new year periods, and appealed to the authorities to sustain the tempo.
Stephen Ordu, in his own reaction said it is a good experience that there was fuel during the festive season by making people’s movements very easy.
“It is a thing to Joy that there was no panic buying of petroleum product this period and I think it is a plus to this administration,” Ordu Opined.
Another motorists, Cassidy Aniogu, noted that the availability to fuel during the festive season had made things easy for both the motorists, the commuters and the public, as they were able to reach out to their love ones without much ??? and it’s a plus to the government.
Mrs Sarah Tom-Briggs also noted that, “There is no gain saying that the Federal Government has tried to ensure that there is availability of fuel during this period. It is a cheering development that need to be sustained.”
Udoh Ufom, a commercial vehicle driver was full of Joy that they did not experience any hike in fuel price this year, and lauded the government for a job well done.
However, it is hoped that 2015 will be better in terms of availability of fuel.
Collins Barasimeye
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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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