Business
Engineering, Bedrock Of National Dev -Consultant
A Port Harcourt based
business consultant, Engr. John Peletiri, has described engineering as the bedrock of development of any nation.
Peletiri, who is also the Chief Executive Officer, Desalop Multilink Concepts Nigeria Limited, made this ascertion in an interview with The Tide at the Port Harcourt International Airport, Omagwa on his return from the 24th Engineering Asembly, organised by the council for the Regulation of Engineering in Nigeria (COREN), which held in Abuja, recently.
He said that the level of development of any nation can be measured against its engineering capabilities, stressing that no nation could develop more that its engineering capabilities.
The business consultant stated that Nigerian Engineers were disposed to coming up with ideas that are critical in the exploration of the abundant resources in the country beyond oil.
He expressed the hope that Nigeria would look seriously into diversifying the economy, explaining that diversification would bring about sustainable economy.
Peletiri lamented the trend where jobs requiring engineering skills are given to non-engineers, saying, “for instance where key instructions like NERC and NDPHC are headed by non-engineers”.
He said Nigeria’s underdevelopment was due to government’s failure to harness all the abundant indigenous technological manpower in their developmental plans while expressing the hope that the present administration would take advantage of the abundant indigenous technological resources in the nation for optimal benefit.
Tonye Nria-Dappa
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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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