Business
Minister Charges NIIT On Transportation Advancement Strategies
Minister of Transportation, Mu’azu Jaji Sambo, has called on the Nigeria Institute of Transportation Technology (NITT) to devise strategies to advance the transportation sector.
Sambo, who made the call during a familiarization visit to the institute recently, said the strategies would increase NITT’s standard, particularly as there are upcoming Transport Schools in Nigeria.
According to him, “NITT should also upgrade its curriculum according to global best practice and affiliate with various research institutions, thereby increasing the knowledge base of its lecturers and beneficiaries.
“This is necessary to place the Institute on a high pedestal as a training hub in Nigeria, Africa and the World at large.” he said.
Sambo, who commended the leadership of NITT for the rapid Infrastructural development of the Institute, said he was delighted to be physically present to inspect, familiarise and have a firsthand knowledge of the projects and milestone achievements of the Institute.
“This unique transformation will surely open doors for more patronage,” he added.
Sambo noted that NITT was established in March 14, 1986 to solve the problems of Capacity gap in the Transportation Sector, and, in line with its mission, has over the years rolled out competent Transport Professionals in all modes of Transportation, to bridge the Capacity gap in the Sector.
“I am particularly impressed that in a bid to align with the current trends in Transportation, NITT has taken steps to affiliate with other research institutions in the world.
“In the same vein, I am pleased with the expanded programmes and upgraded curriculum of the School to global standards.
“I am particularly delighted with the Transport Technology Centre (TTC), equipped with world class equipment and tools that are designed to enable the Institute fulfill its mandate of ensuring effective and efficient transport operation and management.
“The completion of the Intelligent Transport System (ITS) Centre will also be a major feat for the Institute and the Nigerian Transportation Sector as a whole,” he said,
He further explained that the present Administration of President Muhammadu Buhari has made transportation one of its topmost priorities and has invested considerably in the sector in the last seven years of this Administration.
He, however, admitted that a lot still needs to be done to advance the Transportation Sector to enable Nigeria overcome the deficit in the sector.
“While appreciating the contributions and achievement recorded so far by the Management of Nigeria Institute of Transport Technology in training, research and huge investment on infrastructures, there is still need for the research Institute to do a lot more by providing a leading role in putting Nigeria’s Transport sector in its rightful place in the global space.
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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