Business
Unemployment: NGO Advocates Waste-To-Wealth Ventures As Panacea
African Community Bridge Foundation (ACBF), an NGO, has called for the initiation of practical waste-to-wealth initiatives to generate employment opportunities for the populace.
The Business Development Officer of ACBF, Miss Ebireri Yota, gave the advice in an interview with newsmen in Abuja, yesterday.
“Talking about waste management, specifically transforming trash to cash, we are very interested in it because we understand that we have environmental issues in this country where we do not properly manage our waste.
“We are not just looking for a solution where we can find a better way to manage our waste but we also want to see how we can use that to create employment, especially for the younger generation, and improve the nation’s economy,’’ she said.
Yota said that a major goal of her foundation was the training of “young people on the economic chain by transforming all sorts of garbage into cash.
”Our organisation is focused on the economic chain, on what people called waste materials.
”We are driven by the desire to see our youths, women and the lives of people generally transformed to a stage whereby they can comfortably take care of themselves, while contributing to their immediate environment and the economic well-being of others in the society,’’ she said.
Yota said that ACBF was interested in waste management in the country because of the fact that Nigeria had been facing serious environmental challenges, particularly as most citizens dumped their garbage indiscriminately without knowing its economic values.
Also speaking, the Environmental and Conservation Manager of ACBF, Mrs Nawal Fakhry, re-emphasised the need to recycle waste into other useful materials so as to free the environment from the menace of filth.
Fakhry, a Lebanese, identified indiscriminate dumping of refuse in Nigeria as one of the major environmental challenges facing the country.
She said that the launch of waste recycling establishments would go a long way in making the environment safe and healthy for the citizenry.
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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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