Business
Ex-Speaker Tasks Dickson On Agric Dev
Former Speaker Bayelsa State House of Assembly, Rt. Hon. Subarugu Warieprie has urged the Bayelsa State Government to pay proper attention to agricultural development in the state.
He said that other sectors of the state’s economy are equally important but that the state has natural endowment on agriculture which could be properly harnessed for development.
Werieprie who also served as Acting Governor of the state disclosed this while speaking to airport correspondents at the Port Harcourt International Airport, Omagwa on his arrival from Abuja and noted that one key area that can boost the state’s economy and create employment is agriculture.
According to him, agricultural resources will be sustainable, but the oil has a period that it will be exhausted in supply.
“We have heard that the state government had invested in rice production a couple of months back, but we are yet to see the impact of such rice production in the state.
“We also need to tackle the development of the education sector, so that the needed manpower will not be lacking in the state, and I now that every other sectors is important and needed to be developed, but a situation where workers and pensioners are not paid their stipends does not augur well,” he said.
The ex-speaker, however, applauded Governor Seriake Dickson on the areas of his achievement so far, even as he celebrates his sixth anniversary in government, especially on infrastructure development.
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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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