Business
US Entrepreneurship Competition:Two FCT Schools To Represent Nigeria
Two secondary schools from rural areas of the FCT would represent Nigeria at the forthcoming 2012 Students for the Advancement of Global Entrepreneurship (SAGE) Competition in the U.S.
The Secretary of Education in the FCT, Mr Kabir Usman, made this known in Abuja on Tuesday.
He named the schools as Junior Secondary School, Jikwoyi and Government Secondary School, Jibi.
Usman explained that the two schools emerged winners out of the 16 that converged on Calabar for the qualifying competition.
“The competition was very tough. The panel of judges consisted of representatives of American Ambassador, CBN Governor, Commissioners and other dignitaries.
“GSS Jukwoyi exhibited how to repair GSM phones while GSS, Jibi, demonstrated how to produce shear butter.
“They are from rural areas, and they had made this country proud several times at SAGE competitions.’’
According to him, SAGE World Cup is open to secondary school students all over the world.
He said the competition addressed generational shift to young entrepreneurial leaders whose innovations and social enterprises addressed the needs of the global community.
We recall that both schools came first and second at the 2009 SAGE world cup competition which took place in Brazil.
The JSS Jikwoyi won the SAGE World Cup consecutively in Ukraine in 2007, Abuja in 2008, Brazil in 2009 and USA in 2011.
The school had consistently defeated teams from USA, Russia, China, Singapore, Canada, South Africa, Great Britain and Ghana, among others.
He said the programme would help them to be independent.
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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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