Business
Perm Sec Charges Graduands On Skills Application
The Permanent Secretary of the Rivers State Ministry of Commerce, Mrs Cordelia Peterside, has urged graduands of the Special Skills Acquisition training programme organised by the National Association of Small Scale Industrialists (NASSI) to put into full application the skills acquired during the training.
The Permanent Secretary gave the charge at the ministry recently during the graduation ceremony of youths of the Mountain of Fire Ministry, Rumukurushi Branch who participated in the programme.
The Permanent Secretary who was represented by the Director and Head of Department (HOD), Small and MediumScale Enterprise, Mr. Joseph Akara, enjoined the graduands to ensure that they domesticate the acquired skills and use it as a platform of enhancing their economic prospect.
Earlier in his remark, the Chairman of NASSI, Rivers State, Comrade Goodluck N. Eke, in his address hinted that the three month skills acquisition programme was organised to equip the youth on basic knowledge and application in specialized skills such as soap making, baking, catering, custard making among several others.
Eke also pointed out that financial assistance would be provided for the graudands through a micro finance bank to enable them engage in productive activities.
In his remark one of the graduands, Mr. Sylvanus Ebereonwu, who spoke on behalf of other beneficiaries thanked NASSI for organising the skills acquisition programme, and assured that the acquired skills would be fully put to use.
Highlight of the event was the handing over of certificates to the participants.
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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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