Business
Enugu Set To Develop Eco-tourism Sites
Enugu State government has said that it will encourage tourism in the state by improving the hospitality industry and developing ecotourism sites and encouraging cultural tourism.
Chief Joe Mamel, the Commissioner for Culture and Tourism told newsmen yesterday in Enugu that the improvement would attract foreign investors to the state.
According to him, tourism is a source of wealth and many countries have their economies based on it.
“Tourism is a source of wealth; it is an industry on its own. Most countries have their economies based on tourism and they have thrived.
“So we are looking to improving our hotel industries, developing our ecotourism sites both the conference tourism and the cultural tourism.’’
The commissioner said he was into discussion with all the hospitality centres in the state to have a tour guidebook to enable visitors to plan and enjoy their itinerary.
“We are planning a tourism stand at the Enugu International Airport so that visitors can come and see all the hospitality industries in the state.’’
Mamel said paucity of funds was a challenge to the ministry and appealed to private investors to partner with it in the venture.
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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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