Their Gain, Our Loss- Raheem Akingbolu

As the debate on the importation of packaged tomato paste rages, Raheem Akingbolu wonders if the federal government is serious about its ban in order to boost the activities of local manufacturers and protect consumers from buying substandard goods

 

One of the promises that elated Nigerians, especially local manufacturers and consumers when the current administration came on board was the assurance that government would do anything humanly possible to promote made-in-Nigeria goods. For the local manufacturers of tomato paste, whose businesses had suffered for years in the hands of unscrupulous businessmen, who import substandard paste from China and other Asian countries at cheaper price into the market, the news was a relief.

Dollar Scarcity: 40,000 Jobs Threatened, food

The difficulties in getting foreign exchange and the steep fall in the value of the naira are seriously affecting the manufacturing sector, with prices of locally made and imported food items heading northward, IFE ADEDAPO writes

The scarcity of foreign currencies in the country, especially the dollar, which has made it difficult for manufacturers of essential food items to import raw materials into the country, is threatening about 40,000 jobs.

Investigations by our correspondent showed that the high cost of importation due to unprecedented fall in the value of the naira has made importation difficult and expensive, thereby resulting in many factories operating far below their installed capacities.

DCA said Whole Foods pays $500,000 to settle overcharging probe

The city's Department for Consumer Affairs (DCA) said the firm had to meet standards on weighing and labelling.

 

The deal means customers "are better protected from overcharging", it said.

Whole Foods admitted to making mistakes but said there was "no evidence of systematic or intentional misconduct".