Business
Nigeria, Others To Get $600,000 For Agriculture
Nigeria and three other African countries will in the next two years, receive 600,000 dollars (about N96 million) from the Bill and Melinda Gates Foundation to finance agriculture, an official of ActionAid Nigeria, an NGO, has said.
Mrs Constance Okeke, the ‘Right to Food’ Programme Officer, who disclosed this while speaking with newsmen in Abuja, said that Rwanda, Uganda and Kenya would also benefit from the funding.
She said that the money would be utilised to empower women farmers, who she noted, held the key to unlocking the continent’s agriculture potential.
She said the project, being coordinated by the organisation’s office in the U.S. would push government to invest more in agriculture and small holder farmers, adding that investment in agriculture would ensure food security.
“A significant part of our strategic plan includes helping over 10,000 poor women farmers to gain access to knowledge, tools and capital, to lift themselves and their families out of poverty, she said.
Okeke said that the project was also intended to build the capacity of women farmers to understand agricultural policies and budgeting processes so that they could properly track and ask questions on agriculture financing.
She said that a recent report by the FAO indicated that smallholder farmers in Africa produced 80 per cent of the food consumed in the continent, adding that more than 70 per cent of the farmers were women.
“The FAO has said that if poor women in rural areas have the same access to education, training, empowerment, modern technology and finance as men, agriculture will be increased by four per cent in developing countries,” Okeke said.
She appealed to stakeholders to collaborate to assist women farming families to boost their yields and incomes, to enable them overcome hunger and poverty.
The programme officer said that ActionAid was supporting the Right to Food Programme for women in seven states in Nigeria.
She listed the states to include Gombe, Bauchi, Kwara, Ondo, Delta, Kogi, Ebonyi and the FCT, adding that the programme would be extended to more states before the end of 2012.
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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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