Business
Unemployment: Centre Calls For Technology Dev
The Centre for Youth
Advancement, a Non-Governmental Organisation in Port Harcourt, has called for the development of indigenous technology to reduce unemployment, especially among youths.
The state coordinator of the centre, Mr Tamunoala Ogbulu made this call in a chat with The Tide in his office at Old GRA, Port Harcourt, on Tuesday.
Ogbulu noted that opportunities for economic development abound in technology “if only technology could be given adequate attention and funding”, adding that we can produce some of our basic needs in this country if the government would make deliberate inputs into the development of available resources in the country, especially the state.”
According to him, “we have solar and wind at our disposal, which can be harnessed to produce power, we also have fine sand from our rivers, this too could be used in glass making technology. We shouldn’t be talking about power outage with the kind of natural resources that we have in the state.
He pointed out that two people, Messrs Aghogho Ajiyen and Ayoola Oladu, who invented a micro aircraft and a drone respectively were recently recognised at Abuja by the Minister for Science and Technology Dr Ogbonnaya Onu, saying it was commendable that they were recognised. He however stated that government should go beyond recognition and provide an enabling environment for their technologies to thrive.
He also called for the development of local raw materials that could be used as substitutes for imported raw materials.
Ogbulu charged the government on the implementation of the Science, Technology and Innovation (STI) Policy to give the state a technological breakthrough.
Tonye Nria-Dappa
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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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