Business
FG Trains 415 Rivers Youth Via NISP
About 415 Rivers State youth have been equipped with various skills for employability and enterpreurship by the Federal Government through its National Industrial Skills Development Programme (NISP).
The graduands that have successfully completed the National Industrial Skills Development Programme would be handed over to the state government on a later day.
The Director-General and Chief Executive of the Industrial Training Fund, Sir Joseph Ari, who stated this at the closing ceremony of the National Industrial Skills Programme in Port Harcourt, explained that over seventy per cent of beneficiaries of the earlier phases of the programem are gainfully employed while some are successful entrepreneurs.
He said the 415 trainees who have successfully completed the National Industrial Skills Development Programme were handed over to the state government.
Ari noted that the programme was informed by dark and bleak future that lies in wait if urgent and pro-active actions are not taken, particularly in the empowerment of youths and other vulnerable groups.
According to him, “Nigeria’s population will be 500 million by 2050, of this number, majority will be youths.
“As much as the youth bulge is an advantage, it becomes a huge disadvantage especially when they are not meaningfully engaged”, he said.
He explained that in order to avoid the trend, the Federal Government, apart from this programme has commenced series of initiatives including the Technical Skills Development Programme (TSDP), Women Skills Empowerment Programme (WOSEP), Agripreneur and the Graduate Re-skilling programme which geared towards instilling and equipping vulnerable segments in the society with life skills for employability and entrepreneurship.
Ari commended the commitment of the Rivers State Government in collaborating with the Agency, adding that this action has demonstrated her concern for the future of the youths in the state.
Earlier in his welcome address, the state Area Manager, Mr Isiwu Emmanuel, said the 5th phase of the NISDP in Rivers State was planned for four trade areas which were selected to meet the yearning demands of the public.
The trade areas according to him, were the ICT, Bead Making/Event Management, Auto Card and Graphics Designing and Tiling.
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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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