Business
Director, Urges Youths To Explore Tourism Potentials
The Director of Research and Documentation, Ministry of
Tourism, Culture and National Orientation, Mr Chudi Uwandu, on Thursday, called
on youths to explore the potentials in the tourism sector.
Uwandu, who made the call in an interview with newsmen in
Abuja, noted that the abundant opportunities in the tourism sector had yet to
be harnessed.
According to him, people focus more on the search for white
collar jobs while paying less attention to tourism potentials.
Nwando said that exploring the opportunities in the tourism
sector would diversify the economy and contribute to the nation’s gross
domestic earnings.
He stressed that the age-long neglect of the sector had
contributed immensely to rural-urban migration.
Uwandu also harped on the need to expose young people to
their places of origin to enable them appreciate their culture better.
He said the move would enable the youth to share their
experiences, identify the tourist locations in their communities and promote
their cultural heritage.
Uwandu stressed that better understanding of one’s
personality and origin was crucial to the sustenance of cultural history.
Cue-in audio 1
“There is a lot to benefit from your personality and from
your environment.
“My message for the youth is remain in touch with your root;
there is nothing wrong with your root.
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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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