Business
Association Hails FG, Private Sector Collaboration On Fertiliser
The Fertiliser Suppliers Association of Nigeria (FEPSAN) yesterday applauded the collaboration between the Federal Government and the private sector to enhance fertiliser production and distribution in the country.
Mr Ahmed Rabiu, the Executive Secretary of FEPSAN, made the remark in an interview with newsmen in Lagos.
He said that government’s efforts to improve the sector had opened opportunities for investment of foreign companies in the production of fertiliser in Nigeria.
“The recent developments in the fertiliser, especially with the new government policies, we have more investors for support.
“The African Development Bank (AFDB) approval of US $100 million senior loan to Indorama Eleme Fertiliser and Chemicals Ltd., is a very huge achievement.
“Again, the Growth Enhancement Scheme is another feat by the Federal Government in distributing fertilisers to farmers,” Rabiu said.
The executive director said that the distribution of fertilisers through private sector from accredited agro-dealers had improved pricing and the availability of the commodity to farmers.
He said a lot still needed to be done in the area of insufficiency in the procurement of fertiliser, supply and middlemen in the sector.
“One of the challenges faced in the sector is the existence of middlemen; they determine the price at which fertiliser should be sold to farmers.
“They also alter distribution, supply and development of the fertiliser market channels, hindering development in the sector.
“Since government diversified the distribution of fertilisers, farmers have been able to access the product in high quantity because it is more affordable,” he said.
According to him, the use of fertiliser in Nigeria is low and the Ministry of Agriculture and Rural Development’s efforts to educate farmers have improved the sector.
Rabiu said the association was working with the ministry and the government to ensure proper distribution and supply.
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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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