Business
Women Traders Task Govt On Agric Funding
The women’s wing of
the United Creek Road Market Traders Association (UCRMTA) has called for funding and provision of infrastructure for women in agriculture business.
The secretary, Sarah Iyalla, in a chat with The Tide, at the market, Friday, stated that empowering women in agric business by providing soft loans and relevant infrastructure would help boost the economy and raise the quality of life of women.
Iyalla noted that women have for a long time proved to be the rallying point in society in the face of harsh economy, adding that including women in agribusiness would ensure a sustainable value chain and provide significant produce in the market.
According to her, women have played appreciable roles in agricultural production, marketing, usage and processing, adding that the government must come up with policies affecting women in particular to give them a sense self worth.
She expressed regret that in spite of playing significant roles in economic sustainability, women are limited in their abilities due to lack of proper education, low income and lack of basic infrastructure.
She further said, religious and cultural practices also hinder women from reaching their full potentials and called on women professionals to continue to push forward the course of women, while expressing the hope that government would “one day hear our cry and assist us”.
She enjoined government to put in place measures that would transform the lives of women and raise platforms that would afford them easy access to funds to help boost their business and promote partnerships that would address wastage and market access.
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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