Business
IYC Pledges Job Opportunities In Oil, Gas Companies
The Eastern Zone of the Ijaw Youth Council (IYC) has pledged to secure employment opportunities in multinational companies operating in the zone for youths.
He newly elected President of the Council Mr. Peter Igbifaa disclosed this in an interview with newsmen during a leadership summit organised by the council in Port Harcourt.
He also said that the new executive would ensure that youths in the zone are equipped with the necessary skills that are in demand by the multinational companies in the area.
Igbifaa also said that soft loans will be provided to workmen in the zone to enable them become self reliant.
“There shall be a programme to rehabilitate and resuscitate the widows of our genuine heroes in the struggle, whose wives and children has been forgotten.
“I shall ensure that the council gets scholarships for the children through the companies operating in the Niger Delta territories.
“We shall provide welfare package for the women to start business that will put food on their tables”, he said.
The Chairman also said that the council shall exploit all areas to get youths in the zone fully engaged, while efforts will be made to partner with multinationals and the Niger Delta Development Commissioner (NDDC) to provide them with skills.
He said that the leadership workshop was to provide their members with the necessary skills to move the council forward.
Mr. Igbifaa also described the Eastern Zone as the hub of oil and gas in Nigeria, stressing that the youths need to be properly engaged to benefit from the resources.
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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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