Business
C’River To Partner S’ Africa On Hotel Institute
The Cross River Government says it is working with the North West Province of South Africa to establish an International Hotel Institute in Calabar.
Governor Ben Ayade said this yesterday while addressing a delegation from Mafikeng, North West Province of South Africa in Calabar.
The governor said that the establishment of the institute would facilitate the development of the state’s tourism potentials.
Ayade added that an action committee would be set up immediately to ensure that the institute became operational in five months before the Calabar Carnival.
The governor commended the delegation, led by former Nigerian High Commissioner to South Africa, Amb. Uche Ajulu-Okeke, for the partnership.
“I am just taken aback by so much that the South African team could unfold in a short period of just about two days.
“But I think we will be doing a disservice to this state if we do not also compel them to go to Obudu Cattle Ranch. You need to be at the Ranch.
“I am quite excited at all your thoughts and concepts you shared; your fears and concerns about Nigeria have melted away just by your first visit to Nigeria and Calabar.
“I am sure also that the more you stay, the more you fall in love with Cross River State,’’ he said.
He thanked the team for carrying out an in-depth study and analysis of the areas visited and coming out with an elaborate and unambiguous technical report and recommendations.
The leader of South African Technical Team, Uche Ajulu-Okeke, explained that the twin-city agreement was signed during Ayade’s visit to South Africa in February.
During the tour, the team visited the Marina resort, agriculture sites and farms.
The delegation was in the state for a three-day working visit as part of economic cooperation on areas of agriculture, tourism and establishment of an International Hotel Institute.
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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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