Business
NGO Urges Nigerians To Embrace Farming To Boost GDP
Executive Director,
Civil Awareness and Economic Empowerment Initiative, a Non-Governmental Organisation (NGO), Mr Gambo Bala, on Thursday advised Nigerians to embrace farming, so as to boost the nation’s economy.
Bala said in an interview with newsmen in Abuja that such gesture would help to diversify the nation’s economy.
“We want to see how all Nigerians can embrace farming because this is the only way the country can diversify the economy.
“I believe that if we produce more, we can feed ourselves and also sell to the international world.
“Whatever one is doing she or he can still farm to make a living,” he said.
He said the NGO would help the government with ideas on how to process agricultural loans that would benefit people at the grassroots.
According to him, the organisation is meant to develop a “socio-economic, vibrant, enlightened, non-parasitic, humane and patriotically zealous Nigeria.”
He said that the group would partner the government to counter poverty and restiveness in the country.
According to him, it will also partner government agencies to promote positive achievement, and harness cost effective strategies in the utilisation and management of economic empowerment programmes at the grassroots.
He also advised the Federal Government to partner some relevant NGOs at the grassroots to identify individuals who might need soft loans to boost farming business.
Bala said the government should also work with religious and traditional leaders to identify the right people to be given soft loan.
He said the NGO would also sensitise local people to hold their political leader accountable, so as to ensure good governance.
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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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