Business
UNWTO Confab, Opportunity To Showcase Nigeria’s Assets – Minister
Minister of Information and Culture, Alhaji Lai Mohammed, says Nigeria’s hosting of the United Nations World Tourism Organisation (UNWTO) Global Conference on Tourism, Culture and Creative Industries in November will provide an opportunity for the country to showcase its tourism, culture and creative assets.
He stated this at the inauguration of a 24-member Planning Committee for the event tagged ‘First UNWTO Global Conference on Linking Tourism, Culture and the Creative Industries: Pathways to Recovery and Inclusive Development’.
The event is scheduled to take place at the National Theatre Complex, Lagos, from 14-16 November, 2022.
The Information Minister said the global conference will also be used as a platform to project Nigeria’s image as a safe and desirable destination for leisure and business, consolidate Nigeria’s relationship with the UNWTO and its member states, and highlight the restart of travel and tourism in a safe and seamless manner, after the unprecedented impact of the Covid-19 pandemic, which resulted in a near collapse of Tourism and Creatives Industries sectors.
Alhaji Mohammed explained that the event would also be a platform to interact and exchange ideas and best practices with key industry players, generate foreign exchange and create direct and indirect jobs, and provide opportunities for the training of public and private sector tourism officials.
He charged the committee to ensure that Nigeria hosts a world class event in November, in line with the pledge by President Muhammadu Buhari when he visited the headquarters of the UNWTO in Madrid, Spain, earlier this month.
“Today’s inauguration of the Planning Committee kickstarts our preparation for the global conference. The task ahead of us is enormous, but with the quality of membership of the Planning Committee, I am positive that Nigeria will once again prove its ability to successfully organise an event of this magnitude.
“Distinguished ladies and gentlemen, your nomination to serve in this committee is based on your knowledge and expertise in content, logistics and planning.
“The success of the conference, therefore, rests on your effectiveness and commitment,” the Minister said.
By: Nkpemenyie Mcdominic, Lagos
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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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