Business
100 Cities To Be Designated National Monuments – Minister
The Minister of Tourism, Culture and National Orientation, Chief Edem Duke, on Monday in Abuja, said 100 cities across the country would be designated as national monuments.
Duke said this when he inaugurated the National Heritage Council and Endowment for the Arts.
The minister, yet to name the cities, explained that the establishment of the council was geared toward nurturing creativity and preserving the country’s cultural heritage.
“The objective is to underscore the importance of the visual, literary, design, and performing arts in nurturing creativity and preserving our cultural heritage,” Duke added.
The minister urged the eleven members of the board of the council to identify and support excellence in the arts.
He pointed out that it was necessary for the council to seek alternative source of funding outside the usual annual budgetary provisions in meeting its set objectives.
Duke said the council was expected to secure the necessary resources, provide desired facilities and exercise effective control and application of the funds toward promoting arts.
“The endowment for the arts is therefore being set up as a platform we intend to use to offer support and funding for projects exhibiting artistic excellence,” Duke said.
He expressed the hope that it would serve as a platform for creative minds to express their natural talents, get employment as well as create jobs.
“Nigerians are creating masterpieces in works of arts while our cultural industries are also brimming with activities,” Duke added.
Duke said the board has a three-year tenure.
The Chairman of the Board of the council, Mr Igho Sanomi, said the activities of the council would be private-sector driven.
Sanomi added that the council would ensure an environment conducive and guarantee healthy synergy between it and the private sector.
Other members of the board are Mrs Folorunsho Alakija as the Vice Chairman; Sir Emeka Offor; Alhaji Abdulsamad Rabiu; Omoba Yemisi Shyllon; Sen. Daisy Danjuma and Alhaji Abubakar Mohammed.
The rest are Chief Nike Okundaye; Dr Emmanuel Nsan; Mr E. Williams and Mr Fifi Ejindu.
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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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