Business
Industrialist Tasks Govt On Training Guidelines
As part of moves
towards tackling unemployment in the country, an industrialist, Engineer Charles Odike, has urged the Federal Government to properly implement operational guidelines for skills upgrading and vocational training centres across the country.
Odike, an industrial engineer by training, who made this known while interacting with The Tide in Port Harcourt, noted that many youths are unemployed because they are not properly skilled or trained.
He opined that if skills upgrading and vocational training guidelines are properly implemented, that it will assist to reduce poverty and social menace, as well as promote self-reliance among Nigerian youth.
Recounting his experience on youths skills training while in Michelin in Port Harcourt, before venturing into other fabrication business, Odike said some of the people they trained are doing well and have employed other people to work for them.
According to him, such was achievable because Michelin as a company then had operational guideline for training, including basic knowledge in safety and health, productivity improvement and management skills among others, apart from the technical training skills.
He said, “this move will have positive multiplier effect on growth and development of the national economy. It will create wealth and provide decent jobs to relieve governments at all levels from youths restiveness and crises, if such is implemented properly.”
It would be recalled that the Federal Government through the ministry of labour and productivity on February 6th, 2015 launched operational guidelines for skills upgrading and vocational training centres across the six geo-political zones of the country.
The Permanent Secretary in the ministry, Dr. Clement Illo, had said that the operational guidelines were developed as manual documents to guide the operations of the skill upgrading and training centres.
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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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