Business
Mrs Amaechi Flags Off Skill Acquisition Programme In Gokana
Beneficiaries of the skill acquisition programme in Gokana Local Government Area, has been urged to take advantage of the scheme to boost their productive capability through the acquisition of various skills.
The wife of the Rivers State Governor, Dame Judith Amaechi made the appeal in Gokana recently, while officially flagging off the scheme, which is an initiative of the chairman of the local government area, Chief Victor Giadom.
Speaking at an open reception for the Rivers State Governor, Rt. Hon. Chibuike Amaechi and his wife at Kpor, Dame Amaechi charged the 1,440 trainees to see the scheme as a key determinant to their economic development.
She commended the chairman of the Council, Chief Victor Giadom over the vision and pledged her support to the success of the programme. Mrs. Amaechi also described the Gokana skills acquisition scheme as complementary to the Empowerment Support Initiative (ESI) which is her pet project.
Earlier, the chairman of the council, Chief Victor Giadom had thanked the Governor and his wife over their visit to the council for the formal commissioning of projects embarked upon by his administration. Chief Giadom also assured the people of Gokana, that he will be prudent in the use and application of the resources of the council for the development of Gokana.
Taneh Beemene
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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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