Business
NSE, NCDMB Plan Content Workshop In PH
In line with moves to achieve the objectives of the Nigeria Content Development Policy, the Port Harcourt branch of the Nigeria Society of Engineers (NSE) in collaboration with the Nigeria Content Development and Monitoring Board (NCDMB) has concluded plans to organise a three-day content workshop and exhibition in Port Harcourt.
According to a statement issued by the organisers of the programme, the workshop will provide avenue for stakeholders to brainstorm on measures of achieving the objectives of the Nigeria Content Development Act, which borders on local content development.
Issues on the promotion of the Engineering Profession in Nigeria are also expected to top the agenda of the three-day conference.
The statement indicated that the programme which commenced yesterday Tuesday, August 22 to Thursday August 24, 2017 at the Secretariat of the Port Harcourt branch of the Nigeria Society of Engineers in Port Harcourt.
The statement further disclosed that the technical session of the event would address relevant issues such as, Nigeria Content and Diversification of the economy in the proposed Modular Refineries sub-sectors, including the ICT sector.
The event will also feature exhibitions by stakeholders and the presentation of awards to distinguished professionals, individuals and corporate organisations that have contributed to the development of the Engineering profession and the advancement of the Content Development Policy, the statement said.
The statement also pointed out that the event was mandatory for all members of the NSE as their inputs would be relevant in the workshop communiqué that will be adopted at the end of the intensive sessions.
Taneh Beemene
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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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