Business
‘Livestock Subsector Provides Five Million Jobs For Nigerians’
The Federal Ministry of Agriculture and Rural Development has said that over five million Nigerians have been employed directly or indirectly in the livestock subsector,.
This, it said, helped to strengthen the nation’s social safety net.
The ministry has also stated that developing a clear cut roadmap for the animal feed subsector of the livestock value chain of the agricultural sector would provide direction for animal feed security in the country.
The Minister of Agriculture and Rural Development, Dr Mohammed Abubarka, in a statement on the ministry’s website, stated that the issue of animal feed and human food security was a priority agenda.
“The ministry has been committed to the development of the nation’s feed industry by making budgetary provision for capacity building on alternative ingredients in some states in the East and West of Nigeria based on comparative advantage.
“The livestock subsector alone engages over five million Nigerians directly or indirectly as technical or skilled personnel, distributors, fabricators of tools and machinery.
“Another area jobs has been created is the input suppliers which has generated massive employment across various value chains and strengthens the national social safety net with copious contributions to food security, household income and poverty reduction”, the statement added.
The minister, in the statement said, to support the livestock farmers alleviate the cost of feeds, that the ministry procured and distributed ruminant feed concentrates, salt licks, finished feeds to small-holder farmers across the country.
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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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