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    Home » By Economy, A Sachet Of Water May Sell For N100 Soon
    Business

    By Economy, A Sachet Of Water May Sell For N100 Soon

    Ifetayo AdeniyiBy Ifetayo AdeniyiMarch 1, 20242 Mins Read
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    By Economy, A Sachet Of Water May Sell For N100 Soon

    “We understand that there is no steady and reasonable pricing for our products. We equally understand that the market is ever-changing, and that adjustment may be inevitable at a time.

    “However, the inconsistency in price, increase of our packaging materials, and the frequency it occurs, especially by nylon manufacturers have caused us great economic strain.

    “As you all know, nylon is the only packaging material for sachet water, definitely we have no choice but to use these materials at whatever cost being presented by nylon producers. As a result of this, we have been struggling to survive,” Ativie said.

    Ativie also raised the alarm that amid the economic woes in the country, over 16 government agencies from federal, state, and local governments impose one levy or the other on sachet water producers.

    She added, “Our greatest worry is that no government or its agencies have ever remembered us for any sort of palliatives nor financial consideration and support to enhance our business since the government alone can’t shoulder the responsibility of providing potable water for her large population.

    “Instead we are faced with multiple taxation and extortion, overlapping functions of different regulatory agencies, thus, turning us into cash cows.

    “As of today, we can confidently count as many as 16 government agencies from federal, state, and local government imposing one levy or the other on water producers who are largely small-scale enterprises that produce sachet water.

    “We have so many criminals parading water factories, claiming to be working under regulatory agencies and extorting unsuspecting members.”

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    Ifetayo Adeniyi
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    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

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