Business
Expert Seeks Tourism Dev
The Director, National Institute for Hospitality and Tourism (NIHOTOUR), Mr Ernest Obia, on Tuesday in Abuja said that tourism was a catalyst necessary to foster inter-group relations.
Obia told the newsmen that tourism had the potential to unite diverse groups for national unity and development.
According to him, tourism promotes harmony and socio-cultural relations between groups of diverse social-cultural backgrounds.
He said that since no group or human community, notwithstanding the level of development, could exist in isolation “cultural interaction is inevitable’’.
“Indeed, it needs no mentioning that the complexity and dialectics of existence ordinarily dictate that each human group consciously or unconsciously relates with other groups for survival,’’ he added.
The director said that political survival of any community depended on the relationship it had with its neighbours whether friendly or hostile.
Obia said that relationships could exist in forms such as trade, diplomatic ties, management of trade, route boundaries, water resources and wars, among others.
He, however, urged stakeholders in the tourism industry to explore its potential in driving the course of national unity.
Obia, who described tourism as a hospitality industry, said that it should be used to promote inter-tribal and religious cooperation and relations.
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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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