Business
FG Deploys N60m To Fight Unemployment In Nasarawa
The National Directorate of Employment (NDE) in Nasarawa State says the Federal Government has disbursed at least N60 million as loan to people in the state as part of its employment drive.
The loan was also part of efforts to address poverty and improve the living standard of the people of the State.
The state’s Coordinator of the scheme, Alhaji Dauda Idris-Wase, made this known in Lafia, yesterday at an orientation programme for beneficiaries of the NDE Empowerment/Loans Schemes in the State.
Idris-Wase explained that the programme was organised to educate the different categories of beneficiaries on how to start and run micro enterprises efficiently.
“This is in line with the plan of the President Muhammadu Buhari administration to create massive opportunities for employment of especially women and youths.
“942 lucky young men and women are trained and provided with meaningful and gainful self-employment opportunities through various schemes:
“Under the Agricultural Value Chain Scheme (AVCS), 60 beneficiaries got N40,000 each, and under the Food Processing and Packaging Scheme (FFPS), 48 women got N20,000 each.
“For the Agri-business Enhancement Scheme (AES), 36 beneficiaries received N50,000 each, while 15 beneficiaries were each given N85,000 in furtherance of the Business Enhancement Development Programme (BEDP).
“Under the Women Employment Programme (WEP), 50 women received N25,000 each, and under the Environmental Beautification Training Scheme (EBTS), 11 beneficiaries receive tools and equipment valued at N1,200,450,” he said.
Idris-Wase further said that 22 graduates of tertiary institutions were recruited for a three-month post-graduate attachment programme during which each would get a monthly stipend of N18,000.
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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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