Business
MD Harps On Youth Empowerment
The Managing Director,
Nuel Simeon Systems Int. Limited, Mr Emmanuel Nwebedu has said that the aim of empowerment was about the training of youths in the society to enable them earn a living.
Nwebedu who stated this at a 2-day free wealth creation and empowerment workshop in Ahoada over the weekend said, the programme was intended to pass across to participants various skills that would empower them.
Organised in conjunction with NUSSI Empowerment Centre, Mr Nwebedu who described the event as a “Foundation Stage” said attendees were exposed into the rudiments of fish farming, poultry, GSM repair and maintenance, marketing and mini-importation among others.
He said at the end of the workshop, participants were expected to be equipped in the various skills imparted to them by the facilitators.
According to him, those who go back to put the training into practice would find them beneficial.
“Those are life changing skills so the bottom line is putting them into practice.
“I believe by the time they do that we have a better society as the ideas will be of immense benefit to the society and themselves”, he said.
Throwing more light, he said the programme was not organised for profit even as he said it was part of the organisation’s social corporate responsibility to the community and society at large.
In terms of funding, the MD said the organisation has business partners both corporate and non corporate that ensure that these kind of workshops were carried out.
“So if we make profit in other operations, the thing is supposed to be put back to society.
On challenges facing the organisation, Nwebedu said the level of awareness among the people was low even as he said a lot has been done in the area of sensitisation.
Also speaking, one of the resource persons, Mr Ernest Emelezi who took participants on web site designing and internet marketing said the programme was worthwhile.
According to him, with over twenty registered attendees having the opportunity in acquiring various skills, subsequent ones would be more rewarding.
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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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