Business
Jonathan Tasks Youths On National Dev
President Goodluck Jonathan yesterday called on Nigerian youths to embrace excellence and contribute to getting Nigeria on track to become one of the world’s leading nations.
Speaking during the investiture of the 2009 Nigerian National Order of Merit (NNOM) awardees at the Presidential Villa, Abuja, Jonathan called on youths to emulate the awardees who distinguished themselves nationally and globally in their fields of endeavour.
Three Nigerians were conferred with the award for their outstanding contributions to national development in the areas of science and humanities, including arts and culture.
The recipients are Prof. Aderemi Kuku, Prof. Ladipo Banjo and Mrs MabelSegun.
Kuku, who bagged the award in the field of science, is an international scholar and an acclaimed mathematician recognised as one of the world best in Algebra.
Adebanjo, a former Vice Chancellor, is an educationist of high repute and an internationally acclaimed linguist while Segun is a literary giant and creative artist respected in the field of prose, poetry, fiction and children’s literature.
The President underscored the importance of the award in his remark that only 60 Nigerians had been honoured with NNOM since its inception in 1979.
He commended the Governing Board of the Nigerian National Merit Award for its steadfastness in making the award controversy-free and maintaining it as a legacy of the government.
Jonathan also charged the recipients to endeavour at all times to be role models to the younger generation.
He directed the office of the Secretary to the Government of the Federation to study the recommendation of the communique of the Third Forum of Laureates and develop a white paper for national research.
The Minister of Special Duties, Prof. Taoheed Adedoja, in his remarks, noted that the NNOM Award was distinct from the National Honours Award.
He said it was a separate order of dignity specifically aimed at recognising and rewarding academic and intellectual achievements.
He also said that non-academics who distinguished themselves through creativity in their chosen fields had also received the award, citing the late Hajiya Ladi Kwali.
The minister said the award entitled a recipient to use the designation NNOM after his or her name, a certificate, a medal and a cash prize of N500,000.
He said the recipients also enjoyed such other privileges as enjoyed by recipients of higher level national honours.
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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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