Business
SURE-P Engages Graduates In Internship Scheme
The Chairman, Subsidy
Reinvestment and Empowerment Programme (SURE-P), Gen. Martin-Luther Agwai, said no fewer than 3,000 graduates in the country had been engaged by the programme in its Graduate Internship Scheme.
Agwai made this known last Thursday, when he featured at newsmen forum in Abuja.
He said that the youths were recruited among more than 150,000 graduates who applied to serve under the scheme from 2013 to date.
He said that the youths were serving in different public and private organisations where they were posted to acquire on-the-job experience.
According to him, the scheme is to help Nigerian graduates to acquire skills that would make them suitable for full employment in any sector of the economy.
Agwai said that SURE-P was collaborating with companies and other organisations as well as individuals for the sustenance of the scheme.
He explained that while on the internship at the companies, the Federal Government, through SURE-P, paid each intern a stipend of N30,000 per month, adding that the allowance to the graduates was to encourage them to be committed to the training.
“The Federal government, having discovered that most of our graduates are not employable immediately after they leave school, decided to introduce the scheme.
“We hope that after one year internship, the organisations may employ them or they will be more marketable with the experience they have acquired,” he explained.
Agwai said that some state governments had indicated interest in the scheme, adding that Borno, Plateau, Adamawa, Gombe, Kaduna, Kogi and Enugu states were already collaborating with SURE-P on the programme.
He said that a new scheme on technical and vocational training was inaugurated by the programme on Tuesday, adding that 5,075 persons were already being trained under the scheme across the country.
He said that eight government institutions which were renovated by SURE-P in parts of the country were currently being used for the scheme.
He disclosed that Lagos and Kano states had more participants in the scheme, because of the huge presence of companies and big industries in both states.
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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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