Business
Food Production: FG To Employ 100,000 Graduates
Over 100,000 gradu
ates are to be employed by the Federal Government and drafted to farms in all local government councils across the country, as extension workers to help government actualise its food production drive.
Minister of Agriculture and Rural Development, Chief Audu Ogbe, made this known shortly after he inspected various Value Chain Development Programme, VCDP, Improved Agronimics Practice farms at Sumaka and Taraku in Guma and Gwer Local Government areas of Benue State.
Represented by his Senior Adviser, International Donor Partners, Mr. Auta Appeh, the minister said the initiatives were necessary because government “is doing everything to encourage our youths to take up farming as a business and not as a hobby.”
In his speech, National Programme Coordinator of the International Fund for Agricultural Development, IFAD-VCDP, Dr. Ameh Onoja, said the organisation had constructed roads, cleared farmlands and provided inputs through its matching grants to farmers to galvanise the sector.
Acting Ter Guma, Chief Gbor Igyo, urged government to urgently provide tractors and other farming implements and inputs to farmers if the food sufficiency campaign of the present administration would become a reality.
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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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