Business
Coalition Mulls Food Security, Targets 29 States
A coalition of youth focused and youth-led organisations working around the Sustainable Development Goals (SDGs) in Nigeria has called for more empowerment of young people to attain food security across the country
The coalition, under the aegis of Nigeria Youth SDGs Network said it is creating opportunities to support young people to attain the SDGs in the country.
Executive Director of the Nigeria Youth SDGs Network, Alade said the organisation has empowered young Nigerians to ensure food security in the country.
He said the organisation, with support from development partners like Oxfam in Nigeria, launched a food system challenge where over 403 young people from across 29 states in Nigeria were empowered.
Alade said the participants shared their innovations on how to end hunger in the country during the challenge.
He said: “Out of the 403 that we got, we had 24 finalists and took them through a two – day capacity development training because we also wanted them to understand that you need to develop your capacity.
“This international youth day we are focusing on ending hunger and also ensuring that we can achieve food security in Nigeria.
“With support from development partners like Oxfam, we are able to support young people for international youth day. We launched a food system challenge whereby we had over 403 young people from across 29 states in Nigeria applied; sharing their innovations on how we can end hunger in Nigeria.
“Out of the 403 that we got we had 24 finalists and took them through a two – day capacity development training because we also wanted them to understand that you need to develop your capacity.
“The top three, they are going to be getting a grant of N200,000 each courtesy of our partnership with Oxfam in Nigeria. This is what we do.”
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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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