Business
RSG Distributes Empowerment Equipment, Friday
The Rivers State Government has approved the distribution of cottage micro-small and medium enterprises for unemployed youths and women in the state.
This was contained in a document signed by the Permanent Secretary, Ministry of Commerce and Industry Ms Kadilo Brown which was made available to The Tide in Port Harcourt.
The State government also acquired 20 different equipment to empower youths and women in the state to better their living standard which would inturn help in growing the economy.
The document further disclosed that some of the equipment acquired by the Ministry include orange juice squeezing machine, sugar cane, juice machine, ice cube machine, compressed firewood log machine, heat transfer, in shirt printing machine and heat transfer plate printing.
Others are, animal feed, pellet machine, Flour crushing model 1 and 2, core crushing machine diesel, corn crushing machine electric, juice dispenser, fruit Juice machine, flour and Juice grander, Cap printing machine (round), cap printing machine (flat), fertilizers pellet machine and fruit juice and veggie blender.
It also said that the initiative has an incredible profit within a day, adding that it is cheap, as well as easy to maintain.
The Ministry said the distribution of the equipment to beneficiaries would hold on Friday, August 8, 2014 at Delta Hotels, Halley Street, Old G.R.A. Port Harcourt.
The initiative is part of the state government’s effort to reducing the unemployment rate in the state, as well creating job opportunity for Rivers people.
Chikwere Uzoigwe

L-R: General Manager, Community Social Development Projects (Csdp), Abubakar Mohammed, Principal Private Press Secretary to Bauchi State Governor, Alhaji Adamu Alkali, Bauchi State Commissioner for Information, Alhaji Salihu Barau and Bauchi State Chief Press Secretary, Mr Ishola Michael, at a news conference on project implementation in Bauchi, recently.
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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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