Business
NEPC, ITF To Build Capacity For SMEs Exporters
Plans are underway for
skills enhancement for local entrepreneurs in the non-oil expert sector as the Nigerian Export Promotion Council (NEPC) and the Industrial Training Fund (ITF) have agreed to partner to provide a platform for skills acquisition and certification at designated centres across the country.
In a release made available to The Tide from the zonal office of the council in Port Harcourt, recently, the Executive Director of the council, Mr Olusegun Awolowo, was quoted to have said that the effort was geared toward repositioning the sector as the key driver of the Nigerian economy.
He further said while receiving the Director General/ Chief Executive of the Industrial Training Fund, Dr Juliet Chukas-Onaeko in his office in Abuja that the council has instituted some programmes and projects that would help build capacity for existing exporters as well as provide export skills for the youth and would-be exporters.
Such programmes, he said are zero to export initiative which are targeted at providing hands-on training for nascent exporters, particularly operators in the small and medium scale industries, the NEPC / SURE-P GIS “Youth Empowerment Export Skills Acquisition Project (YEESAP) which overall objective is to integrate the GIS products in the development of non-oil exports.
He said the strategy was to ensure that interns are adequately aquipped to manage export-oriented businesses on their own and also become attractive to export manufacturing companies for employment, amongst others.
Awolowo said that NEPC’s decision to partner with ITF was borne out of the need to fill the skills gap in the non-oil export sector given the recent economic plan of President Muhammadu Buhari’s administration, especially the one that aims at developing and promoting the solid minerals sector as key revenue earner for the country.
Responding, Mrs Chukas-Onaeko disclosed that the ITF will in this month hold the 1st National Skills Survey Programme to address the skills gap in the country as well as identify what is required in other countries.
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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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