Business
Chancellor Wants FG To Invest More In ICT
The Chancellor, Cov
enant University, Ota, Ogun, Dr David Oyedepo, has urged the Federal Government to invest more in Information and Communication Technology (ICT) to enhance good governance in the country.
Oyedepo made the assertion at the 3rd Covenant University Conference on e-Governance held in Ota.
The Tide source said that the conference had the theme: “Information and Communications Technologies (ICTs) for Governance in Nigeria: Achievement, Challenges and Opportunities’’.
According to him, there was the need for the Federal Governance to invest huge funds in ICT for the nation to emerge from its present situation.
It will also curb the sharp practices of politicians during general elections.
“Politicians seek votes in any way they can just to get to power and assume the status of all knowing and unaccountable masters,’’ he said.
He said that there had been global drive to incorporate ICT into different spheres of human endeavour, particularly governance.
Oyedepo explained that an average Nigerian wanted to see a situation where he would be able to vote using ICT without fear of insecurity and making government officials accountable through the platform.
The institution’s Vice-Chancellor, Prof Charles Ayo, said that the nation needed to deploy ICT into every facet of the nation’s operations for good governance.
Ayo stressed that ICT had the potential to reduce the bureaucracy attendant to the management and administration in government at a cost effective manner.
He said that for the nation to experience sustainable development there was the need to reposition it through massive investment in ICT so as to be among the comity of developed nations.
The Convener of the conference, Prof. Patience Akpan-Obong, said the nation was still at the ground level in business of leveraging ICTs to achieve the goals of good governance.
She noted that there was the need for ICTs to become an integral part of the national life so that a desirable e-governance could be achievable.
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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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