Business
Non-engagement Of PTDF’s Trained Nigerians Worries Agency
The Executive Secretary of the Petroleum Technology Development Fund (PTDF) Mr Muttaqua Darma has decried the non-engagement of majority of highly skilled Nigerians trained on the scholarship of the fund.
The executive secretary who expressed this worry during a recent courtesy visit to the Director-General of the Standards Organization of Nigeria Dr John Akanya, in Abuja disclosed that the PTDF was set up among others to help develop and update necessary human capital requirements to meet the constantly changing and challenging demands of the nations oil and gas sector.
He said, “most of the scholars are getting employed outside the oil and gas sector due to no fault of theirs thus defeating part of the objectives of the scholarship to ensure adequate local content development in the sector in materials as well as human resources to enhance technology acquisition and transfer.;
The fund is currently training qualified Nigerians in 20 topmost ranked universities all over the world in oil and gas related courses, some of whom are highly sought after in other nations.
It is a pity that the Nigerian oil and gas industry seems observed with the engagement of expatriates. He wondered what standards they use in their consideration as against the highly qualified PTDF scholars from some of the best training institutions in the world.
He then invited the SON to take part in a stakeholders forum being organised by the fund to examine the subject, brainstorm with a view to funding a lasting solution in conjunction with operators in the sector.
SON Director General Dr John Akanya expressed his organization’s willingness to work with the fund to find a lasting solution to the challenge, disclosing that one of his staff is currently enjoying the PTDF scholarship.
Dr Akanya emimerated the dynamic nature of quality which he said are only defined by specifications referred to as standards, towards which his agency had been working assiduously to mobilise Nigerians to imbibe.
He said, SON has been working closely with the local content development team in the oil and gas sector and promised to join hands with the PTDF and other stakeholders to ensure that the nation take maximum advantage of the said scholarship on whom great investments are being made from the nations common wealth.
Dr Akanya posited that issues of standards and quality must form key issues in the Nation’s quest for the attainment of vision 20: 2020 and therefore called on consumers to help drive standardisation in Nigeria by demanding for and insisting on quality in their patronage of products and services as well as taking the trouble to seek redress for lack of satisfaction in value expectation.
He then called on operators in oil and gas sector in Nigeria to support the scholarship programme of the PTDF by giving due consideration to beneficiaries on completion of their studies in the over all interest of the Nigeria economy and its people.
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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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