Business
FG To Unveil Job Creation Scheme
The Federal Ministry of Communications Technology would unveil a job creation scheme tagged ‘’Microwork for Job Creation-Naijacloud’’ on March 18.
This was disclosed in a statement signed by Mrs Efem Nkanga, the Special Assistant (Media) to the Minister of Communications Technology.
The statement said that the scheme was meant to reduce unemployment by creating wealth for youths.
It said the ministry was collaborating with STEP-B project, under the Ministry of Education, to launch the initiative aimed at addressing unemployment and job creation using Information Technology.
“The primary objective of the project is to create awareness about job opportunities in the Microwork and eLancing space and to create employment for youths in Nigeria.
“The initiative also aims at reducing the country’s brain drain, create business opportunities for potential Nigerian Microwork and eLancing Companies.
“It increases wealth creation opportunities for the young and highlight opportunities for Nigerian businesses to work more efficiently and have a broader Nigerian workers’ database, ” the statement said.
The statement said the ministry was taking advantage of fast-growing ICT in Nigeria and tapping into the Microwork opportunity to reduce youth unemployment currently at 60 per cent.
It said that ‘Microwork for Job Creation in Nigeria’ initiative included two aspects of paid crowd sourcing technology: Microwork and e-Lancing.
The statement said paid crowd sourcing was an expanding segment within the virtual economy, with significant job creation potential for skilled and semi-skilled workers (Microwork).
The statement put the global size of the microwork market at between 450 million dollars and 900 million dollars annually.
It said the “Microwork for job creation naijacloud” was targeted at unemployed Nigerians using technology platform.
The statement advised unemployed youths, who had access to phone and internet, to take advantage of the opportunity.
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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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