Business
FG Lauds IITA’s Strides In Cassava Production
Nigeria’s Minister of Commerce and Industry, Senator Jubril Martins-Kuye, has commended the International Institute of Tropical Agriculture (IITA’s) contribution towards cassava enterprise development, as the country intensifies the campaign to diversify its economy.
Kuye gave the commendation during the inauguration of a garri processing center in Lafia, Nasarawa State.
The center, which is the third to be commissioned within two years was funded by the Common Fund for Commodities, but implemented by IITA and partners including the Federal Ministry of Commerce & Industry, and the Farm and Infrastructure Foundation.
The two, earlier inaugurated by the team included, the Joe Bergg Cassava Processing factory in Masaka, Nasarawa State; and Shaback Garri Processing factory in Kuje, Abuja.
In his words, Martins-Kuye said, “I must also appreciate IITA, the Project Executing Agency, for their relentless efforts towards the success of this project.”The Garri Processing factory in Lafia comes as a relief to a women group of more than 50 that are engaged in garri processing in the village of Agwan Mada, a suburb in Lafia.
Specifically, it has a capacity of processing at least one tonne of garri per day in a hygienic environment thereby guaranteeing food safety and security.
Martins-Kuye who was represented by the Permanent Secretary, FMC&I, Dr. A. K. Muhammad said the processing center would add value, enhance competitiveness and reduce waste in the cassava value chain.
According to him, “For any commodity to attract premium price in the market, both locally and internationally, it must necessarily pass through some level of processing.” While expressing the willingness of Nigeria to continually support such projects, the minister noted that the Garri Processing Center would not only absorb the cassava produced in the country, but also spur the cultivation of the crop.
The Women Leader of the benefiting group, Mrs. Talatu Umaru, who spoke on behalf of her colleagues, pledged that the group would ensure the judicious use of the factory.
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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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