Business
1,000 Youths Acquire Skills In Abia
Some 1,000 youths in Abia State have been trained in garment manufacturing and Information, Communication Technology (ICT) skills by the Industrial Training Fund (ITF) and the National Industrial Skills Development Programme (NISDP).
Prof. Longmas Wapmuk, the ITF Director-General, said this recently in Aba at the graduation ceremony of the participants.
He said that the programme had demonstrated a renewed commitment by the Federal Government to empower youths.
He said that youth empowerment guaranteed speedy attainment of Nigeria’s quest to become one of the 20 most industrialised nations by 2020.
Wapmuk was represented by Mr Ben Ngwu, Chairman of South-East, South-South Area Managers’ Forum,
He said the training and other youth empowerment programmes like “You Win’’ and “SURE-P’’ demonstrated government’s commitment to transforming Nigeria’s economy.
He expressed hope that youth unemployment would drastically drop in 2015 from the present 20 million as was reported by the National Bureau of Statistics.
In his remarks, Gov. Theodore Orji of Abia called for an end to lip service on technical and vocational skills acquisition in the country.
Represented by the Commissioner for Youth Development, Mr Akujuobi Nkoro, the governor said it was wrong for an agrarian economy to pay lip service to technical and vocational skills acquisition.
“The Asian Tigers, Japan, India and others would not have been where they are today if they had failed to place acquisition of skills on the front burner of their national development plans,’’ he said.
He called on stakeholders to join hands to ensure that trained graduates were gainfully-employed or assisted to set up their own businesses through the provision of loan facilities.
Earlier, the ITF Area Manager, Mr Gabriel Olatunji, said that the institute had, after a research, realised that garment manufacturing and ICT were the most pressing needs of the people.
Olatunji said the training of the youths in the two skills was aimed at reducing poverty and unemployment in the state, adding that trained youths were expected to become employers of labour.
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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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