Business
Grab Opportunities In Maritime Sector, Monarch Charges Youth
The Paramamount Ruler of Oro-Esara kingdom in Obio/Akpor Local Government Area of Rivers State, Eze S.O. Worlu has charged the people of the area to key into available opportunities in the maritime industry.
Eze Worlu gave the charge at his palace in Rumuokurushi, during a one-day seminar organised by Charkin Maritime Offshore and Safety Centre at the weekend.
While noting that the seminar was organised for representatives of the 18 communities that make up the Esara kingdom, the paramount ruler appealed to government agencies and well meaning individuals of the area to come forward and sponsor youths in the kingdom in the Charkin Maritime Institute to gainfully engage them and reduce poverty in the kingdom.
He hinted that already, plans have been concluded for the establishment of the Council of Chiefs of the Esara kingdom, noting that “this is part of efforts by the kingdom to create empowerment opportunities for the youths of the area.
In his address, the chairman of Charkin Maritime Offshore and Safety Centre, Sir Charles Wami enjoined the people of the State, particularly, the people of Ikwerre extraction to grab the opportunities that abound in the maritime industry, if they must attain a better quality of life and excel in their chosen endevours.
“There are opportunities in the maritime industry capable of generating huge revenues both for the State and the LGA,” he said, adding that there was a shortage of seafarers globally.
Tonye Nria-Dappa
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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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