Business
ECOWAS Seeks Collaboration On Youths’ Problems
The Economic Com
munity of West African States (ECOWAS), yesterday called on its member-countries to collaborate and confront the challenges of youths in the sub-region.
ECOWAS Parliament Committee Chairman on Communication, Information and Technology, Mr Jefferson Kanmoh, made the call at the opening of a 5-day ECOWAS Joint Committee meeting in Lagos, yesterday.
The theme of the meeting is “Promotion of Youth Organisations and their participation in Community Activities: Challenges and Prospects”.
Kanmoh noted that the peculiarities of the challenges confronting youths in our region today urgently required diverse partnerships and collaborations.
“Young people represent approximately 3.3 per cent of the population of West Africa.
“If we agree that youths are indispensable partners in the development of the sub-region, we need to jointly support them to bring about positive change in our various communities,” he said.
Kanmoh said that the meeting, holding in Lagos for the first time, would focus discussions on ECOWAS sectoral youth policies and programmes, as well as youth participation in civil society organisations and activities.
The ECOWAS official added that the meeting would also dwell on youth job opportunities and challenges, as well as their integration into the dynamics of ECOWAS.
The Speaker of the ECOWAS Parliament, Sen. Ike Ekweremadu, represented by a Nigerian member of the Parliament, Sen. Olugbenga Obadara, noted that youths in the region were “increasingly finding themselves insecure and vulnerable to unemployment”.
Ekweremadu said that the situation of youths today had become “more precarious” than in the past.
He, however, stressed the strategic importance of the youths to the integrative goals of ECOWAS.
The Speaker added that the “Community’s Parliament” was working on proposals aimed at transforming the parliament from an advisory institution to a legislating one.
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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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