Business
Cassava Stem Scarcity Worries Etche Farmers
Farmers in Etche Local Government Area of Rivers State, are now faced with acute scarcity of cassava stems for this year’s cultivation.
The scarcity is attributed by farmers to prolonged dry season, which resulted in the dearth of the stems.
Desperate farmers, in search of how to source the stems, now buy from the market at increased price.
A bundle of cassava stems which was formerly sold at N400 now goes for N1000 and above in the rural markets.
A cassava farmer in the area, Christiana Onyema, told The Tide at Eketa market, that the scarcity has become a serious source of concern to farmers.
“Ordinarily, when you don’t have stems to cultivate, you approach your neighbor to assist you, but today, because of the scarcity, such grace is not there any more. People prefer selling the stems in the local market because the price is high.
“What worsened the situation is that Etche experienced the first rain late, so those who planted their cassava early, hoping that rain will come, lost them as most of them died of the scourge”, she said.
Another farmer, Jonah Njoku, expressed fear that the situation might result in poor or low yield and late harvest.
Njoku, called on the Ministry of Agriculture to come to the aid of the farmers by providing them cassava stems at subsidised rate.
Chris Oluoh
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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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