Business
FAO To Focus On Strategic Objectives In Nigeria
The FAO Country Office in Nigeria said it would from 2014 to 2017 focus on five strategic objectives anchored on the agency’s Global Corporate Strategic Framework.
The FAO Country Representative, Ms Louise Setshwaelo, told newsmen in Abuja that the objectives were contained in the FAO Country Programming Framework for Nigeria developed in 2012.
Setshwaelo said that the first objective was contributing to the eradication of hunger, food security and malnutrition.
“Nigeria is actually one of the countries recognised for reducing the proportion of people suffering from hunger, which is the Millennium Development Goal (MDG) 1.
“But we should not at the same time lose sight of the fact that even though at the national level we have managed to reach MDG 1, we still have in the country in some of the areas like the Northern Sahel states, we still have high levels of chronic malnutrition there.
“We still have high levels of acute malnutrition particularly in the under-fives, to an extent that some development partners are working there to address the acute malnutrition in children.”
The FAO representative explained that the essence of the first objective was to support the country to increase agricultural productivity and also put in place the strategies and policies that would facilitate the attainment of the objective.
According to her, such support will also enable the government and partners, including the private sector participants, to be able to support that objective of reducing hunger and poverty in the country.
The FAO representative said that the second objective entailed providing the enabling environment to ensure that the way natural resources were used did not lead to a degradation of the environment.
“This strategic objective is mainly looking at the way we use natural resources.
“How do we support countries to provide an enabling environment such that even though we want to increase agricultural productivity, it should be at a sustainable manner.
“We should not at the same time also be increasing degradation of the natural resources that we depend on particularly for agricultural production in improving food security.
“In this respect, we are also looking at the issue of climate change, the issues of governance in terms of access to these productive resources, issues of women, issues of access to land, issues of governance.
“When we look at the way we are exploiting our forests, are the governance structures which provide the regulatory framework in place.
“If they are in place, the implementation itself, the regulations, are they being observed? Are they being enforced?”

L-R: Chairman, Senate Committee on Education, Senator Uche Chukwumerije, Supervisory Minister of Education, Mr Nyesom Wike, Chairman, Nigerian Economic Summit Group, Mr Foluso Phillips, Vice President Namadi Sambo, Director-General, Nigerian Economic Summit Group, Mr Frank Nweke Jnr., Supervisory Minister of National Planning, Amb. Bashir Yuguda, Executive Director, CNBC Africa, Bronwyn Nielsen, Vice President, Human Development, World Bank, Dr Elizabeth King and Board Chairman, West African Examination Council (WAEC), Prof. Pai Obanya, at the 20th Nigerian Economic Summit in Abuja, yesterday.
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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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