Business
‘FG Committed To Improving Women’s Participation In Economy’
The Federal Government yesterday said it was committed to implementing gender smart policies geared toward improving the participation of women in key sectors of the economy.
Head of Civil Service of the Federation, Mrs Folasade Yemi-Esan, gave the assurance while declaring open a one-day Conference on Women in Oil and Gas Industry in Lagos.
The conference, organised by the Nigerian Content Development and Monitoring Board (NCDMB), had “Mainstreaming Women in the Oil and Gas Industry” as its theme.
Yemi-Esan said that Nigerian women had flourished under the goodwill of President Muhammadu Buhari, who had led by example through the appointment of women into key governance and economic positions.
She urged both states and local government councils to emulate the President by creating opportunities for capable women in their areas and ensuring their participation in governance.
According to her, effective implementation of gender-related policies is dependent on actions taken by women to acquire technical skills and the needed competence when the opportunity arises.
“I implore all stakeholders to collaborate with the Federal Government through the mass media and the traditional media, to re-echo the message to the communities on the need to support women and young girls to pursue technical courses and leadership aspirations,’’ she said.
Also, , Managing Director, Nigeria Port Authority (NPA) Mrs Hadiza Usman said the inclusion of more women in governance was one of the Sustainable Development Goals (SDGs) which was being pursued by the government.
Usman said the challenges being faced by women in various professional fields were enormous but were surmountable, especially with mentoring programmes like the conference.
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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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