Business
Songhai Farm Is Business Oriented – RSSDA Boss
The Executive Director and Chief Executive Officer of the Rivers State Sustainable Development Authority (RSSDA), Mr. Noble Pepple has said that the Rivers Songhai Farm Project was strickly business oriented.
Mr Pepple who stated this in an interview with journalists shortly after a facility tour of the farm as part of activities to mark the Press Week of the Rivers Chapter of the Nigeria Union of Journalists (NUJ) last Wednesday thanked the media for embarking on the facilities tour.
He explained that the retreat organised by the Rivers State government for its top functionaries was an indication that the Songhai farm was out and ready for business.
“The governor, Rt Hon. Rotimi Amaechi brought the entire government of the state, about 120 people to Songhai for the state strategic retreat.
“This means that Songhai is open for business and they were here day and night for a week”.
Some of the facilities visited included the communications centre, livestock, biogas unit, freedmill, cassava processing mill, fish ponds, piggery and grass cutter section among others.
Production manager of the farm, Mr. Godfrey Godfrey, conducted journalists round the establishment.
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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.
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