Business
Sokoto Purchases N400m Fertiliser For Dry Season Farming
The Sokoto State Government has announced the purchase of 63,600 bags of assorted fertiliser worth more than N400 million for dry season farming.
Gov Aliyu Wamakko announced this at Kware town when he launched the sale of the commodity.
Wamakko said that the commodity would be sold to farmers at 70 per cent subsidy.
“Each bag of NPK will be sold to farmers at N 1,700 while a bag of Urea goes for N1,800 but on cash basis.’’
The governor also launched the sale of improved seeds, 500 water pumps, pesticides and other farm implements to the farmers at subsidised rates.
He said that flood victims in Goronyo, Silame, Wurno, Illela, Isa and Gada local governments were part of the beneficiaries.
He further disclosed that the state government had purchased additional 85 tractors for sale to farmers at subsidised prices.
“Sokoto state is blessed with fertile land which is okay for an all-year-round cultivation; as such, we should seize this golden opportunity and produce more food.
‘’By so doing, we will ensure food security and curb the menace of poverty and unemployment.’’
The governor, however, warned the beneficiaries against re-selling the fertiliser and other items in order not to defeat the objective of the gesture.
Meanwhile, Dr Jabbi Kilgori, the state Commissioner for Agriculture, and the Chairman of Kware local government, Alhaji Abubakar Zamau, have both commended Wamakko for giving priority to the agriculture.
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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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