Business
Fadama Groups Receive N2.8m Farm Implements
Fadama User Groups in Aragba-Orogun, in Ughelli North Local Government Area of Delta State,has received farming tools worth N2.8 million.
The Co-ordinator of Fadama III Project in the state, Mr Anthony Abanum, who disclosed this to newsmen in Asaba, said the items were given to the group for enhancement of its productive capacity.
Abanum said that the agriculture implements handed to the Fadama group were 88 each of bicycles, cutlasses, knapsacks, sprayers, cans of herbicides and files.
He listed the Fadama groups in the community that benefited from the tools distribution as Oyevwerhi Farmers, Efe Maize Farmers, Mudiaga Cassava Farmers, Ufuoma Cassava Farmers and Ese-Oghene Cassava Processing Association.
He added that Akpoesiri and Ofuobi Fadama Community Associations (FCA) in the community also benefited from the gesture, which he said, was part of measures to boost agricultural production in the state.
He disclosed that the Fadama authorities in the state had begun fresh sensitisation of people in the state on farming, saying that more farming equipment would be distributed to groups in other parts of the state soon.
Abanum urged persons who had yet to enlist in the programme around the state to quickly do so to enable them to benefit from its schemes.
He called on all beneficiaries of the programme to make judicious use of the facilities available to them to improve food production in the state and raise their income levels.
He warned that the state government and his office would not tolerate misappropriation of funds and other assets meant for the programme by any group or individual.
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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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