Business
Slow Programme Implementation Worries World Bank
The World Bank has expressed concern over the slow pace of implementation of its 185 million dollars Commercial Agriculture Development Programme (CADP) in Nigeria.
The Tide reports that five states, Enugu, Cross River, Kano, Kaduna and Lagos are currently implementing the programme.
Mr Louis Akapa, the Bank’s Team Leader in charge of CADP, expressed the bank’s reservation on Monday in Abuja in an interview with The Tide.
He stressed the need for the five states to adopt “an aggressive” approach in the implementation of the programme.
Akapa also stressed the need for the authorities of the five states to identify the difference between CADP and Fadama programmes.
Akapa said: “The World Bank is not too happy with the implementation of the programme in the manner it is being run as a small scale farmer’s project.
“This is totally not in line with the concept of CADP, which is a public-private driven initiative.
“CADP is meant for big time farmers who have all it takes and have been in business for at least three years.”
He warned that if there was no improvement in the implementation of the programme, the bank would not hesitate to withdraw its participation.
“Any state which achieves 30 per cent endorsement in the implementation of the programme by 2011 will enjoy additional 50 million dollars funding from the World Bank.
“With the element of competition among the five states outlined in the programme, any one of them that does not hasten its rate of implementation will not enjoy additional funding,” he added.
Akapa described CADP as a “national tool for agricultural development,” saying it was predicated on the principle of transparency, sustainability and accountability.
He said members of his team and officials of the five states had met to proffer solutions to the challenges militating against the implementation of the programme.
He expressed the hope that the nation’s agricultural sector would be fully developed in the next few years to drastically reduce poverty, if the World Bank’s programmes were implemented.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
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.
-
Niger Delta5 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports5 days agoSimba open Nwabali talks
-
Nation5 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta5 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta5 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Rivers5 days ago
Fubara Restates Continued Support For NYSC In Rivers
-
Oil & Energy5 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
News5 days agoDiocese of Kalabari Set To Commence Kalabari University
