Business
Director Tasks FG On Digital Platform Reform Programme
The Director, Technology Acquisition and Adaptation, Ministry of Science and Technology, Dr Adeneye Talabi says the Federal Government should implement its reform programme aimed at growing the nation’s digital platform.
Talabi gave the advice in an interview with newsmen in Abuja.
He said that such would reform programme in the digital platform to support innovation, improve productivity and competitiveness for economic development of the country.
According to him, this can be achieved through increased spending on critical information technology infrastructure and by promoting policies that facilitate investments in the sector.
He said that the true drivers of the nation’s economic future would be the farmers, small and medium sized manufacturers, agro-allied businesses, dressmakers, entertainers and technology start-ups.
He said that the drivers were the engine of nation’s imminent economic recovery.
The director also urged the stakeholders in the Information Communication Technology (ICTs) to do more in promoting and growing national economy.
“Accordingly, governments, non-governmental organisations and stakeholders need to do more in promoting ICTs.
“ICT effectively shows new dimensions to old institutional arrangement to access boundless opportunities ICT offers
“The success of the sustainable development goals is hinged on inclusiveness predicted on ICTs for all, especially today’s savvy youths, it is therefore imperative to engage the youths, “ he said.
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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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