Business
NASENI Plans Exhibition Of Indigenous Technologies
The Director-General, National Agency for
Science and Engineering Infrastructure (NASENI), Dr Sani Haruna, says the
agency will partner Kogi State to organise a science and technology trade fair
in Lokoja.
Haruna told Gov. Idris Wada in Lokoja that
the move was to encourage foreign and local investors in the area of science
and technology utilisation and projects.
The director-general, who said the fair
would hold in the last quarter of 2012, also listed areas of possible cooperation
with the state.
He said that the exhibition would enhance
the job creation efforts of the state government and boost its internally
generated revenue.
Haruna, however, sought the support and
patronage of the government for some of the activities of NASENI, especially
its Power Equipment and Electrical Machinery Development Institute (PEEMADI in
Okene.
Responding, the state governor, Idris Wada
said he would get some ministries in the state to work with the agency for the
benefit of the people.
Wada also promised to look into the request
for the titles on the PEEMADI permanent site in Okene and applauded the agency
for providing employment opportunities for some of the indigenes of the state.
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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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