Business
Auto Policy: FG To Train Mechanics On Spare Parts Production
Beyond the promises of
a robust local vehicle assembly in the country, plans are underway by the Federal Government to train two million auto-mechanics on how to produce spare and components.
The Minister of Industry, Trade and Investment, Dr Olusegun Aganga, disclosed this at the flag off a three week workshop for one thousand mechanics on hydraulics, electrical/electronics and computer applications in modern vehicle operations in Abuja.
Aganga said his ministry would work with the industrial training fund, (ITF) to establish production training centres that would train the mechanics on how to produce vehicles, spare parts and components.
We are working with ITF to open production training centres that is to train people on how to produce parts and components of our vehicles.
“Training and skills development is a major component of the National Automotive Industrial Plan, (NAIP), technology in the auto sector is advancing continually, it is therefore, important that we continue to seek to improve our man power, so as to keep abreast with two new technologies,” the minister said.
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Business
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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