Business
Katsina Gets Agency For World Bank Projects
The Katsina State Government has established an agency to oversee the activities of the Community and Social Development Projects (CSDP) of the World Bank.
Known as Community and Social Development Agency (CSDA), it was established to facilitate the implementation of CSDP programme in the state’s 25 local government areas.
The General Manager of the agency, Alhaji Salisu Yar’Adua, told the The Tide’s source in Katsina that it would be more active in areas that had not participated in the Local Empowerment and Environmental Management Project (LEEMP).
He said the agency was established in Katsina, being one of the 28 states participating in the CSDP, and financed by the World Bank to the tune of $200 million nationwide.
“Ideally, the agency is to continue with the projects started under LEEMP, which had closed down in June last year,” he added.
Yar’Adua said the projects, which were also being co-financed by the state government to the tune of N100 million yearly, were in the areas of water supply, education, health, electrification, environment and natural resources.
He promised that necessary arrangements had been concluded for the take-off of the programme once all the staff deployed to the agency had assumed office.
Yar’Adua said the state government would strive to build on the success achieved by LEEMP with the assistance of experienced personnel.
NAN reports that 15 officers from various ministries and departments were deployed to the agency.
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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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