Business
Poverty Alleviation: NAPEP Disburses N1.5bn To Less Privileged
The National Poverty Eradication Programme (NAPEP) has started the disbursement of N1.5 billion to 19,440 households under its ‘Conditional Cash Transfer Scheme’.
This is contained in a statement issued last Friday in Abuja and signed by Mr Danladi Kobi, NAPEP’s Chief Press Secretary.
The statement said NAPEP had been carrying out the scheme to alleviate poverty, and that the current disbursement of N1.5 billion had the highest number of households to be reached since the scheme started in 2007.
It said that the scheme was being financed by the MDG office as a Social Safety Net Programme designed to arrest “intergenerational transfer of poverty’’.
“The poorest households are provided with cash grants to enable them send their children to school and attend primary health facilities.
“Since February, more than 500 staff of NAPEP have been trained and sent out to target and capture the biometric data of the core poor in 27 states of the federation,’’ the statement added.
It quoted Mr Shehu Jafiya, the Executive Director of Ecobank, who supervised the disbursement, as saying that the transparent manner in which the scheme was executed by NAPEP and Ecobank justified the confidence NAPEP and government reposed in the bank.
“He said that Ecobank only disbursed the money to beneficiaries with valid identity cards,’’ the statement said.
It also quoted NAPEP National Coordinator, Mr Muktar Tafawa-Balewa, as saying that the organisation had risen to the challenge of delivering on its mandate to the poor.
“NAPEP is also fulfilling the aspirations of the administration of President Goodluck Jonathan because it plays a unique and pivotal role in poverty alleviation.
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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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