Business
Obaseki Assures Youth Of More Skills Acquisition, Business
Governor Godwin Obaseki of Edo says his administration will continue to empower and equip the youth with the necessary skills to create jobs and grow their enterprises so they could contribute significantly to the state’s economic growth and development.
This is contained in a statement issued yesterday by Special Adviser to The Governor on Media and Communication Strategy Crusoe Osagie.
According to the statement, the governor gave the assurance in commemoration of the World Youth Skills Day celebrated every July 15 by the United Nations across the globe.
The governor said the move was part of his promise to create 200,000 jobs and raise an army of highly skilled workforce who would proffer technology-based solutions to societal challenges.
Obaseki said his administration would continue to expand the space for more youths to gain practical skills that would make them gainfully employed.
He said, as part of “we are redesigning our educational curriculum to give priority attention to technical and vocational education as well as Information and Communication Technology (ICT),” Obaseki said.
“My administration will not relent in empowering Edo youth with in-demand skills and make the state attractive for investors requiring skilled labour.
“Today, more youths in the state are benefitting from our huge investment in the Edo Innovation Hub, Edo Production Centre, and other skill-based programmes rolled out by EdoJobs.”
He said that the ongoing reconstruction of the Benin Science and Technical College (BSTC) which was nearing completion, would serve as grooming ground and a hub for training tech-based solution providers.
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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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