Business
MD Pledges Commitment To Employment Generation
The managing Director of Doreana Hotel and Suits, Mrs Esther Baranaye has pledged employment opportunities for youths in the hospitality industry.
The managing director stated this during the formal opening ceremony of Doreana Hotel and Suit in Port Harcourt, recently.
She said the opening of the Hotel was part of her life long desire to give back to the society through enterprise in the hospitality industry.
Describing the hospitality as one of the most potent platforms of profitable engagement for youths, she said she was determined to expand her enterprise in the industry to provide employment opportunities for youths.
She called on youths to take advantage of their youthfulness and engage in creative activities that will guarantee their economic well-being in the future.
The managing director also stated that plans were on the way to ensure that youths are functionally training in specialized areas of expertise in the hospitality industry. She noted that this was part of her philanthropic gesture, and also assured quality service delivery for her prospective customers, assuring of adequate security, all round the clock.
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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