Business
Reps To Conduct Public Hearing On NAPEP
The House of Representatives recently in Abuja, resolved to mandate some of its committees to conduct public hearing on the National Poverty Eradication Programme (NAPEP).
The committees are on poverty alleviation, labour, employment and productivity as well as the Committee on National Planning and Economic Development.
The committees are expected to report to the House within four weeks.
The aim of the public hearing is to capture the views of relevant stakeholders and experts on the best strategies to effectively reform NAPEP.
The public hearing is also geared toward alleviating poverty in Nigeria.
The resolution was sequel to a motion by Rep. Jerry Alagbaoso, which was adopted when put to vote by the Speaker, Aminu Tambuwal.
Leading debate on the merits of the motion, Alagbaoso said NAPEP was established in 2001 by the Federal Government to address poverty and its related issues in Nigeria.
The legislator observed that the 2010 target of eradicating poverty in the country was not realised due to ineffective strategies and poor implementation of the programme.
He expressed worry that some of the strategies adopted by the management of NAPEP in fighting poverty were not transformational enough to stand the test of time.
The lawmaker further expressed concern that the tricycles, popularly known as Keke NAPEP, were usually released to beneficiaries of the programme at very high rate.
He said that NAPEP was supposed to restore people’s confidence in the growth of the nation’s economy and create wealth for Nigerians in the rural areas.
“The question is, has NAPEP been able to restore hope to the economic growth in the rural areas?’’
He urged the relevant committees to hold public hearing, to reform the alleviation programme.
In their various contributions, Reps. Arua Arunsi and Fort Dike said that the importance of reforming NAPEP could not be overemphasised.
“The people who designed this National Eradication Programme designed it to alleviate poverty in Nigeria,” Dike said.
He said it was unfortunate that the programme had not been very effective.
None of the members opposed the motion and the speaker referred it to the relevant committees for more legislative input.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
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.
-
Niger Delta4 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports4 days agoSimba open Nwabali talks
-
Nation4 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta4 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta4 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Rivers4 days ago
Fubara Restates Continued Support For NYSC In Rivers
-
Oil & Energy4 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
News4 days agoDiocese of Kalabari Set To Commence Kalabari University
