Business
Poultry Production:Director Tasks FG On More Incentives
Director of Poultry at
the Rhyss Farms, Dr Festus Anifalaye, Ikorodu, Lagos, yesterday urged the Federal Government to subsidise the cost of bird cages, feeds and land to encourage poultry farmers.
Anifalaye told newsmen in Lagos that provision of loans with reduced interest rate would also motivate the farmers.
He said that poultry was a major economy booster but regretted that people were losing interest in poultry farming because of the high cost the materials and paucity of funds.
“Through the ministries of agriculture, poultry farmers can be assisted with loans with minimal interest rates.
“ Incentives in form of provision of cages, feeds and lands at subsidised rates can be introduced.
“Raw materials for poultry feeds such as maize should be made available to farmers at very low rates,’’ Anifalaye said.
He said that poultry farming could provide jobs for Nigerians and ensure food security.
“In terms of job creation, poultry farming can do a lot because we have farm attendants, feed millers, poultry workers and those selling raw materials.
“In the area of food supply, poultry can provide both meat and eggs for human consumption; this contributes a lot to economic growth.
“We want the government to support more than it has done so as to ensure food security,’’ Anifalaye said.
He said that the ban on imported frozen birds would boost patronage of local producers, build the economy and create more jobs.
Anifalaye said that the government needed to adequately support local producers to enable them to increase production of poultry products to meet local demands.
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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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