Business
Farmers Decry Late Distribution Of Inputs
Members of the Zero Hunger Commodity Farmers’ Association of Nigeria have identified late distribution of inputs to beneficiaries of the Anchor Borrowers Programme as a major challenge to the scheme.
The association, in a communiqué issued at the end of its meeting in Abuja, however, commended the Federal Government for sustaining the programme for two years through the Central Bank of Nigeria (CBN).
The communiqué signed by the Coordinator of the farmers’ group, Dr Tunde Arosanyin, was made available to The Tide’s source in Ilorin.
“The meeting commended the Anchor Borrowers Programme of the Federal Government through the Central Bank of Nigeria in accessing credit and input to farmers in the last two years.
“ It was noted that none of the farmers were given input and credit as a means of political patronage which may derail the scheme,’’ it said.
The communiqué, however, noted that seeds, chemicals and fertilisers were distributed late to beneficiaries while some of the inputs were substandard and had expired.
It also commended the establishment of the Nigerian Incentive-Based Risk Sharing System for agricultural Lending as well as the Nigerian Agricultural Foundation.
According to the communique, the two bodies which were represented at the meeting are playing good roles in the agricultural sector of the national economy.
The association identified provision of input, credit facility at single digit interest rate and good market prices for farmers as critical factors that government must consider if agriculture was expected to drive the economy.
The meeting frowned at the delay in budget presentation and passage in the country, explaining that it was a major constraint to economic performance of the country.
It noted also that poor allocation to the agricultural sector in the last decade was a sign that the country was not yet ready to place agriculture in the right place.
The association also advised the Federal Government to urgently find a lasting solution to the incessant farmers/herdsmen crisis, warning that food shortage was imminent as most farmers could no longer attend to their farms over fear of attack.
It commended the Nigerian Meteorological Agency for providing accurate guide on weather to farmers in the country.
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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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