Business
NOTAP Holds Agric Exhibition, May
The National Office for Technology Acquisition and Promotion (NOTAP) says it is holding an exhibition in May on agricultural processing technology to promote commercial farming.
Dr Umar Bindir, the Director General of NOTAP, stated this in an interview with newsmen in Abuja.
He said the exhibition would take place at NOTAP’s headquarters in Abuja and would help in creating jobs and wealth for many Nigerians.
Bindir said the event was part of the quarterly exhibitions organised by NOTAP to promote indigenous technology for economy development.
“The exhibition is in line with the Federal Ministry of Agriculture’s focus on promoting commercial farming and food processing for job creation in Nigeria.’’
He said that it would also showcase the technology that had been perfected at the universities, organisations and research institutions in the country as well as those from private inventors.
Bindir said the event would have taken place in March but for the strike that was embarked on by the staff of research institutes earlier in the year.
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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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