Business
AFAN Urges Even Disbursement Of Dry Season Farming Grant
The All Farmers Association of Nigerian (AFAN) has appealed to the Federal Government to monitor the disbursement of the N26 billion grant meant for dry season farming this year.
The Chairman of the association in Ogun, Mr Olusegun Dasaolu, made the appeal in an interview with The Tide source in Abeokuta.
He said that there was need for the government to monitor how the money was being disbursed to states to ensure accountability.
“For some years now, we would just hear about the Federal Government supporting farmers engaged in dry season farming, but we in Ogun have never benefitted from it.
“In Ogun, no farmer benefitted from the N14 billion that was approved in 2014 for dry season farming.
“Since it is a support grant, the Federal Government should monitor its disbursement to ensure that farmers in all the states benefit” he said.
Dasaolu also urged all government agencies involved to ensure even distribution of the grant promptly so as to meet the farmers needs at the start of the dry season.
He noted that early disbursement would help farmers to prepare their lands, pay for labour, as well as buy seeds and fertiliser in preparation for the season’s planting.
It would be recalled that the Presidency had on Friday announced that N26 billion had been allocated for the dry season farming, a N12 billion increment from the N14 billion disbursed in 2014.
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Business
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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