Business
‘Nigeria Needs 51,000 Engineers To Boost Power Reform’
The National Power Training Institute of Nigeria (NAPTIN) has said that country requires 51,000 engineers to fast-track the power sector reform.
Currently, the sector has an estimated 200 young engineers, craftsmen and fitters out of the required 51,000 engineers.
Ths Director-General of the Institute, Mr Reuben Okeke, gave the figure on Monday in Abuja at the induction of 220 beneficiaries of Subsidy Reinvestment Empowerment Programme (SURE-P).
Okeke said that the nation’s power sector had suffered dearth of young and qualified electrical engineers due to employment embargo since 1998.
He said that government had offered to train the 220 beneficiaries free, pay them stipend and sponsor them for post-graduate courses.
Mr Peter Esele, representing the SURE-P Chairman, Gen. Martin Luther Agwai,
said that eight vocational training centres had been selected nationwide to fast-track the young engineers training programme.
Esele stated that the training would also engage young Nigerians in agriculture, information technology, construction, creative arts, shipping and marine, oil, gas, hospitality and automobile.
The Permanent Secretary, Ministry of Power, Dr Godknows Igali, who represented the Minister, Prof Chinedu Nebo, commended the Federal Government for unbundling the nation’s power sector.
Igali called on Nigerians to remain patient and supportive of the giant stride being taken to achieve the great feat in record time.
The Minister of Labour and Productivity, Chief Emeka Wogu, while inducting the trainees for their one-year scholarship programme, said the graduates would form the hub of the nation’s certified and skilled manpower in business drive.
He congratulated the trainees for their selection to transform the unbundled power sector.
Wogu also lauded the Federal Government for taking up the challenge of building the skill development of a future Nigeria.
The Tide Source reports that the graduate trainees of the one-year Technical Vocational Education Training Project (TVET) was in collaboration with the Ministry of Power and NAPTIN.
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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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