Business
RSG Partners FG On YEAP
The Rivers State Com
missioner for Agriculture, Barr. Onimin Jack, has expressed appreciation to the Federal Ministry of Agriculture and Rural Development (FMARD) for choosing Rivers State as one of the states in the federation for the operation of the Youth Employment in Agriculture Programme (YEAP).
The commissioner while addressing newsmen shortly after inaugurating the state steering committee of YEAP in Port Harcourt, Wednesday, disclosed that the state is the first in the South South region and a lot of work has been done in empowering the youth in the area of agriculture.
According to her, the programme was targeting to kick off with 2000 youths, and above.
“We will start with about 2000 but eventually it may get up to 5000 -6000”, she said.
On how the Wike administration plans to use agriculture to create employment as it clocks one year, the agric boss explained that as they start their agric business, the youth automatically become employers of labour themselves.
“What we are doing is to try and develop agriculture as much as we can in the state.
“Even if you start with the clearing of the land, people are employed, once you make up your mind to engage in any agric project, employment has started”, she said.
On how to sustain the programme, Jack explained that the ministry was being multispectral.
She said other ministries like ministry of youth , women affairs, commerce and employment, amongst others, would have point persons to monitor the process.
Answering a question on the poor state of the various Agricultural Development Programmes (ADP) in the state, the commissioner assured that the ministry was in the process of making them functional.
“The ADP is an auxiliary of the ministry of agriculture and it is part of what we are activating because they are core business extension services to the farmers and agric business persons that need their services”, she said.
Earlier, the State Director, Federal Ministry of Agriculture and Rural Development, Dr Ime Umoh, expressed gratitude to the Food and Agricultural Organisation (FAO) and YEAP for accepting to select Rivers State for the programme.
He disclosed that YEAP was designed to generate employment and income along area based priority agric value chains and also improve their livelihood, facilitate food and nutrition, security as well as enhance economic and social stability of the country.
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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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