Business
Agric: Youth Mull PPP In Value-Chain Dev
The Association for
Youths Unity in Agriculture (AYUA), said that the association was targeting private sector partnership to develop agricultural value-chains.
AYUA’s President, Mr Temitope Odetola, told The Tide source in Lagos that over-dependence on government was affecting the sector negatively.
Odetola said the Public Private Partnership (PPP) was still a huge challenge in the agricultural sector in Nigeria.
“Ordinarily, we would have jumped on all the many offers available by both states and the Federal Government, but we need to help ourselves.
“Depending on government at the crucial time of economic downturn would only hinder production in the long run.
“The association is looking at partnering with the private sector to develop the value-chains.
“However, we are going to do our homework by drafting workable roadmaps that will guide us.
“Although the major challenge we have faced in past and recent times is that the private sector does not want to invest in agriculture.
“But we will encourage them to invest in the sector,’’ he said.
Odetola urged youths in agribusiness to identify with the association, to strengthen their activities toward ensuring food security
He said that such identification with the association was in line with the government’s diversification drive, from oil to non-oil economy.
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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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