Business
SON, EU Collaborate To Standardise Nigerian Export
The Standards
Organisation of Nigeria (SON) and the European Union (EU) have begun an initiative to establish a code of practice for Nigerian Agricultural products for exportation.
The information is contained in a statement jointly signed by Mrs Chinyere Egwuonwu, Deputy Director, Standards Directorate, SON, and Mrs Irina Kireeva of EU.
The statement said that as part of efforts to achieve the goal, the organisations had concluded plans for a final national training on standards on code of practices for the products.
The theme of the training, scheduled to hold in Abuja on Thursday, is ‘“ Standard and Quality: unleashing the potential of Agricultural products to grow the non-oil export in Nigeria.” The training will focus on products, such as cocoa, beans, Shea butter and melon, the statement said.
It added that the event would unveil the result of training facilitated by the organisations focusing on exports on key agricultural commodities.
The statement noted that the workshop would equip participants with the technicalities of the export market with regard to the issues of development of standards and the engagement of private sector.
It said the workshop was critical for transforming agriculture in Nigeria and would help participants understand that Africa could feed itself through agriculture and export.
The statement said the training would lead to adopting modernised and commercial agriculture which was the key to transforming the country’s economy.
The training is to be organised by African Caribbean and Pacific Countries from the EU’s Technical Barriers to Trade, the statement said.
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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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