Business
Club Sponsors 20 Youths For Computer Training
The Rotary Club of Port
Harcourt District 9140 has sponsored 20 youths for computer training within the last one year.
The outgone President of the club, Rotarian Chidi Ikeji who disclosed this during the induction ceremony of the 2014/2015 executives of the club also said that the club had provided the sum of N165,000 to some physically challenged students of Cheshire Home, Port Harcourt as bursary.
Rotarian Ikeji also said that the club presented vocational tools to some outstanding students of Government Technical College, Azobie in the following courses: Marine, Electrical, Mechanical and Welding.
According to the outgone Rotary President, within the period under review, the club expanded the micro credit scheme with an additional N100,000.
The ex-president further said that the club also carried out a water and sanitation project in Elekahia Market, adding that six toilets and five properly fitted bathrooms with utility rooms were erected in the community as well as the provision of overhead tank and six KVF generators in Elekahia Market.
Other achievements by the out gone executives, according to him, were the erection of a bill board on polio and malaria prevention at Oil Mill junction, Port Harcourt while the abandoned four way test movement also at Oil Mill Junction was refurbished.
He said that the club introduced and organised a novel team building challenge, a sporting event amongst Rotary Clubs in Port Harcout.
The new President of the club, Rotarian Frank Eni in his address said that the new executives would build on the foundation of his predecessors.
Rotarian Eni said that the new execuitve would sustain provision of the water and sanitation programme while the campaign against the polio scourge would be intensified.
He however, said that the focus this time would be on rural communities and urged for support.
In an interview with The Tide, Dr Eloo Vincent Ogbana said that Rotary Club had done so much for the society, noting that members contribute towards the club’s activities.
He also said that the club’s objective was to help humanity.
Michelle Frank Alli
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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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