Business
Baker Tasks FG On Training
A Port Harcourt-based
baker, Mr. Ibingo Sotonye has called on the federal government to extend its training programmes to bakers in Rivers State on the inclusion of 20 per cent cassava flour in bread production.
Sotonye, who made the appeal while speaking to our correspondent at the weekend, said since Rivers State was known for its high cassava production, it has “comparative” advantage on the production of bread.
Referring to the recent training of 140 master bakers from the North Central zone of the country on the roll-out training campaign facilitated by the federal government to drive the inclusion of 20 per cent cassava flour in bread making, the baker said Rivers bakers needed such support.
According to investigations by The Tide Business Correspondent, the two-day training which was held in Lafia, Nassarawa State, had 20 participants drawn from all the states in the North-Central zone.
The Tide gathered that the inclusion of the high quality cassava flour would reduce the cost of bread production while also putting an end to wheat importation which will in turn improve the quality of bread in the country.
Speaking at the event, the Assistant Chief Agriculture Officer, Root and Tuber Division, Federal Ministry of Agriculture and Rural Development, Mrs. Olajumoke Adewole, urged the participants to give the training the needed attention as the knowledge they stood to gain would boost the profitability of their businesses.
The initiative was appreciated as “a milestone towards self actualization,” by one of the beneficiaries, Mr. Mathew Olujede from Kogi who expressed satisfaction with the FG’s drive to complement their effort.
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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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