Business
SEEFOR Disburses N24m To Six Training Institutions
The Project
Coordinator, State Empowerment and Expenditure for Result (SEEFOR) project, Mr Kelcious Amos, said recently that the Rivers State government had given six institutions a total of N24 million to improve their learning facilities.
Amos made this known last Friday in Port Harcourt at a meeting organised by the Fadama III project office, to disburse fund to famers in the rural areas of Rivers State.
He listed the schools that benefitted in the first phase of this project as Government Technical College, Port Harcourt, Ahoada, Eleme, Ogu and Tombia as well as Government Craft Development Centre and School- to- Land Authority, both in Port Harcourt.
He said that SEEFOR had also given grants to some technical and vocational training centres in the state for the purchase of equipment to boost their learning facilities.
According to him, the institutions that benefitted from the first batch received N24 million each to equip and renovate their institutions.
The project coordinator also said that measures had been put in place to ensure proper utilisation of the funds.
“SEEFOR has set up a team to monitor and evaluate what is on ground and what will be put in place with the fund.’’
Amos said that the project was being implemented in collaboration with Fadama III, to support farmers.
He recalled that grants were recently disbursed to some SEEFOR/Fadama groups in three local government areas of the state to boost food production.
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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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