Business
UNOPS, Nigeria Partner On Infrastructure Dev
The UN Office for
Projects and Service (UNOPS), in Abuja has promised to partner with the Federal Government to support infrastructure development in the country.
The Assistant UN Secretary-General, Mr Vitaly Vanshelboim, made the pledge in an interview with newsmen on the sideline of the concluded 7th joint Annual Meeting of Economic Community of African Conference of African Ministers of Finance.
He said global infrastructure was one of the key mandate areas given to the organisation by the UN General Assembly.
He added that “last year, UNOPS built almost 4,000 kilometres of roads around the world, but presently, we are not doing enough in Africa.
“So, part of what we are doing here is having discussions to seek the involvement of governments on how to be relevant in the context of Africa.’’
According to him, Nigeria is at the forefront of the initiative because of the huge economic and political impact infrastructure has on the development of the nation.
He said UNOPS would like to establish the right type of network in Nigeria to guide its operations in Africa in the next few years.
He noted that the UN organisation had estimated that between now and 2030, the need for infrastructure might be up to six billion dollars, “which is a lot of money.
“However, UNOPS collaborates with the private sector in carrying out its functions.’’
Commenting on other benefits of the partnership, Vanshelboim said that apart from infrastructure development, the collaboration would help to transfer knowledge to governments.
He said “we transfer knowledge not only to governments but to the companies that we are working with, and sometimes we help to establish companies.
“The other part that is more important is to transfer knowledge and skills to national governments as end beneficiaries.’’
He gave the assurance that the partnership would accelerate the execution of best practices in many fields of governance in Nigeria and Africa in general.
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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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