Business
FG, Firm Sign MoU On Women Empowerment
The Federal Government
and Procter and Gamble (P&G), a multinational organisation, have signed a Memoradum Of Understanding to support women empowerment initiative called ‘Growing Girls and Women in Nigeria (GWIN)’.
The Minister of Finance, Dr Ngozi Okonjo-Iweala, at the ceremony on Thursday in Abuja, said the partnership was a welcome development for empowerment of women in the country.
She said the GWIN would provide structured trainings and skills acquisition to girls and women in the country.
“The GWIN is an innovation programme being implemented through MOU among the ministries of finance; communications technology; water resources; agriculture and women affairs,” she said.
According to her, each of the participating ministry receives extra budgetary finance to develop and expand initiatives that catalysed the potentials of women in the country.
Explaining the gains of the initiative, she said that 1,120 women had been trained on agricultural skills and 2.5 million women registered under the e-wallet system for collection of fertilizers.
“ The Ministry of Communications Technology has been in the fore of this and 2,285 women have been trained on ICT skills in communication technology,” she said
Okonjo added that 2,362 women had been restored on VVF cases by the Ministry of Health under this initiative, adding that 128 health workers and 600 teachers were trained under the VVF programme.
She said that about 1,400 women had been trained in handling contracts, adding that provision had been created in the 2015 budget to support the initiative.
Earlier, the Managing Director, Procter and Gamble Nigeria, Mr George Nassar, said the company was desirous of leveraging the GWIN project to further propagate its global strategy of improving the lives of women.
“ With this partnership, I see a synergy that would enable both organisations to reach more lives even in the most remote regions of the country,” he said.
According to him, the partnership will be implemented through its SME leadership academy.
“In implementing this partnership. P&G will work with the ministries, departments and agencies to provide our expertise and reach more people.
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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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