Business
Craftsman Charges RSG On Boat Building Centre
Governor Nyesom Wike of Rivers State has been called upon to establish a craft centre in the state to train youths in local boat building to reduce unemployment.
A renowned local boat builder in the state, Mr Eyoh Effiong from Oro community in Akwa Ibom stated this in an interview with The Tide the back of University of Science and Technology at his workplace, (UST) Port Harcourt, yesterday.
Effiong who described the act of building local boats as a lucrative business, said that men and women patronise his craft.
The boat building noted that, establishing a craft centre to train youths on the skill would to some extent curb criminality and empower them with good employment.
Effiong who is the Managing Director of Obinna construction Company, said he specialised in building both hand pulling boats and engine boats.
The boat builder also decried the activities of hoodlums at the waterside who cart away his wares and extort money from him always.
Effiong told The Tide that, few days ago, hoodlums carted away four of his canoes and collected his hard earn money from him.
He appealled to the security agents, especially, the marine police to beef up security around the waterside to secure their safety.
The Managing Director who said they are always losing their money and valuables, called on the state government to intervene in their plight and safe lives.
Chinedu Wosu
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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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