Business
‘Govt’s Involvement In Agric, Inevitable’
An agricultural technologist, Mr. Moore Chinda has aid that food sufficiency can to only be achieved through the involvement of the government in the nation’s agricultural development.
Mr. Chinda who stated this in an exclusive interview with our special correspondent on Tuesday in Port Harcourt in his office said that in all the developed economic of the world, government alone shoulders the bulk of the agricultural expenses.
“In a communist economy, all the controls of agricultural development is government driven.
“Even the so called capitalist economies, government has a major control in the agricultural development.
According to Mr. Chinda who is also the director and Chief Executive Officer of Diplomat Farms, Port Harcourt, “in other countries you have the private public partnership PPP arrangement, you may have government giving subventions and even buying over agricultural outputs so that the farmer can now be made to produce more.
He said government could also take what the farmer has and pay and “say please do not produce so much produce at a level so that we can control the price”.
He frowned at the politicisation of agricultural development in the country and the lack in research activities.
“Our Nigerian government seem to be talking a lot about development of agriculture.
“Even in agricultural research we still have a long way to go as far as I am concerned, even if we are in a capitalist economy, government still has a major role to play in setting the parameter for development of agriculture all over the world”, he stressed.
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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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