Business
RSG Partners RSSDA On Agric Dev
The Rivers State Ministry of Agriculture has re-affirmed its preparedness to collaborate with the Rivers State Sustainable Development Agency (RSSDA) to enhance the agricultural production of the state.
The Rivers State Commissioner for Agriculture, Emma Chinda made the assertion when a delegation from RSSDA paid him a courtesy visit in his office in Port Harcourt on Thursday.
The commissioner who pledged his willingness to partner with the agency said the state government is harnessing available resources to diversify the state economy through agriculture, noting that with a synergy with relevant agencies like RSSDA and operators of private sector, the desired goal would be achieved.
According to him, the Ministry is encouraging large scale farming and has the responsibility of allocating lands to large scale farming investors, adding that the state also has large rivers for fish farming. He re-assured the agency of profitability, should they invest in the state agricultural project.
Earlier, the team leader, RSSDA, Mrs Catherine Mwamamuambwa, said the agency is a state agriculture intervention backbone with an intent to create a synergy with the State Ministry of Agriculture with a view to moving agriculture forward.
Also to ensure that the challenges of food security is tackled, to enhance human capacity development through the Ministry and employment generation for youths in the state, she noted.
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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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