Business
RSUST Partners American Varsity On Agric Dev
The Rivers State Uni
versity of Science and Technology (RSUST), says it has perfected a partnership deal with the University of Arkansa in the United States of America (USA) to boost agricultural development in the state.
The acting Vice Chancellor of the University, Professor Blessing Didia, disclosed this recently in a chat with newsmen in Port Harcourt.
According to him, all the necessary processes including the Memoranda of Understanding (MoU) have been concluded for the project to be sited in the state.
He said, the agricultural project could be sited at the state university campus to grow crops of all kinds for global consumption.
Didia explained that the agricultural project would also serve as a preservation centre for poor storage and well serve as research centres for agriculture scholars and scientists across the globe.
Also speaking to newsmen, the spokesman of the America University, Dr. Pameh Moore, assured Rivers people and the state university of adequate financial support to boost agricultural development in the state and Nigeria in general.
According to him, the project would offer job opportunities and upgrade agricultural learning in the university.
He commended the management of RSUST for the fore light and commitment in giving the institution a face-lift in the country.
Enoch Epelle
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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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