Business
Benue SMEDAN To Partner On Youth Empowerment

Front view of the newly commissioned Ernest Ikoli press centre Port Harcourt. recently
Photo: Chris Monyanaga
Governor Samuel Ortom of Benue has urged the Small and Medium Enterprises Development Agency (SMEDAN) to partner the government, to empower its citizens economically.
This is contained in a statement signed by the Special Adviser to the Governor on Media and Information, Communication and Technology, Mr Tahav Agerzua, and made available to newsmen in Makurdi, yesterday.
According to the statement, Ortom made the appeal when the SMEDAN Director-General, Alhaji Bature Masari, and other directors paid him a courtesy call at his lodge in Abuja.
It reported Ortom as saying that it was time for leaders to start thinking of how to create massive employment, wealth and opportunities for the teeming unemployed youths in the country.
“It is only when the private sector comes in form of micro, small and medium enterprises that we can surmount challenges of poverty and unemployment because government at all levels cannot provide all the needed jobs.
“My administration will be working closely with your agency to be able to tap the opportunities that we have in SMEDAN to be able to support our people to empower themselves economically,” it said.
The statement appealed to SMEDAN to quickly submit a position paper and details on areas of the partnership for effective implementation.
“I have worked with you in the ministry before; therefore, my people are looking up to me to unveil a comprehensive programme in this area,” it quoted Ortom.
Earlier, Masari assured that the agency would soon launch its various programmes in Benue.
“We are willing and ready to partner with you so that we can help your government to attain its target of poverty reduction and developing its economy.
“Benue is a state that is hugely blessed and we are willing to tap the resources and talents in transforming the potentials into economic benefits.”
Masari expressed the confidence that with Ortom’s background and experience, he would steer the state in the right direction.
He also presented copies of the Federal Government’s Micro, Small and Medium Enterprises policy to Governor Ortom.
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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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