Business
SURE-P Earmarks N436m For Hotel Project
The Subsidy Reinvestment Empowerment Programme (SURE-P) has earmarked N436 million for construction of a three-star hotel in Minna to boost economic activities and reduce youth unemployment in the state.
The SURE-P State Director General, Alhaji Hassan Nuhu, who disclosed this in an interview with the newsmen in Minna, said the project would be executed in partnership with the Niger State Development Company.
Nuhu said that the contract for the 50-bed hotel project had been awarded to Fourth Dimension Limited with 10 months delivery period.
“The contract has been awarded to a reputable firm that has the track record of performance for the construction of a 50 bed-room and three star hotel to add value to Justice Idris Legbo Kutigi Conference Centre.
“The hotel will have syndicated rooms for use by those patronising the conference centre as well as shopping outlets and sporting facilities.
“It will also have catering centre that will serve as a hub for training of 200 youths annually on modern catering services , in a bid to reduce youth unemployment in the state.
“The SURE-P directorate will provide 70 per cent cost of the project, while the Niger State Development Company will provide 30 per cent balance cost of the project, the money for the project is at hand.
“However, we will not embark on any ground breaking ceremony rather we have instructed the contractor to keep the work schedule.
“So, that the project is to be completed within the 10 months period effective from October 1, to meet the July, 2014 dateline meant for the inauguration of the project,’’ he said.
According to him, work has since commenced in earnest at the site of the project.
“If you visit the site, you will see work going on, even on Sunday as both the directorate and the contractor are committed to the delivery of the project on time’’.
Nuhu assured that the directorate was committed to youth empowerment programmes in all spheres of the economy.

Former Minister of State for Health, Dr Muhammed Pate (2nd-right) presenting midwifery kits to beneficiary, Hajia Zainab Umar, during the Sure-P Subsidy Reinvestment and empowerment conditional cash transfer pilot programme in Soro Ganjuwa Lga of Bauchi State last Saturday. With them are the executive chairman, Bauchi State Primary Health Care Development Agency, Dr Nisser Ali (right) Deputy Governor of Bauchi State, Alhaji Sagir Saleh (3rd-right). Photo: NAN
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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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