Business
FISON Wants Fisheries Act
The Fisheries Society of Nigeria (FISON) has called on the Rivers State government to facilitate the passage of the fisheries Act in order to regulate the activities of fisheries in the state.
Speaking with The Tide in an exclusive interview, the chairman of FISON, Rivers State branch, Dr Awoteinm George said the Act, when passed into law, will go a long way to attract foreign investors in the state.
According to him, several attempts had been made to ensure that the Act is passed into law, but to no avail.
The disadvantage is that it does not give the state the required recognition for interested international Agencies to Support fishing activities in the state because there is no regulation in fisheries activities, no environmental protection in both capture and culture fish.
He stated further that there is less investment in fisheries department at the Rivers State University of Science and Technology (RSUST) by government and stakeholders, noting that “the fisheries department of RSUST was the pioneer degree awarding institution in Nigeria, but there had been less investment in the department”.
Dr George, who is also a senior lecturer in the department of fisheries, RSUST, said the department has been neglected for so long, and no practical work is done to encourage students to be interested in the department.
“It has been neglected for years, no equipment to work with, no facilities for practical work as well as training activities that will encourage students to seek admission into the department,” he explained.
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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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