Business
FG Tasks IITA Trainees On Expertise
Youths on training, at the International Institute of Tropical Agriculture (IITA), Onne station, Rivers State have been urged to take their vocation seriously.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, gave the charge during a working visit to the site, last week.
“You have learnt some skills and you are expected to transfer those skills to your counterparts, mainly around the locality”, he said.
He reminded them that the future of agriculture in Nigeria depended on them, even as he reminded them that holding a high office was out of the question.
According to the Minister, Nigeria produces the tastiest banana he has ever consumed, compared to countries that he has visited.
“You go to Israel, good looking banana, no taste, you go to Mexico, fantastic banana no good taste, but I know we have the best but we do not grow them well”, he said.
He decried the manner in which bananas grown in the country did not stand the test of time at the shelves, a situation he said was responsible for its absence on the international market.
The minister expressed the hope that if the knowledge gained was judiciously imparted to others, Nigeria could be a leader in the production of banana across the West African Sub region.
Ogbeh further called on the management and staff of IITA to partner with the State Ministry of agriculture to enable them work together in the areas of challenges they may come across.
“We are moving around quickly and as you expand, please keep us informed of new varieties that you develop, so that we introduce markets for them”, he said.
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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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