Business
MDGs: FG To Hold Summit On Achievements, Challenges
The Federal Government said that it would hold a two-day summit to evaluate the achievements and challenges in the implementation of the development agenda on the Millennium Development Goals (MDGs).
This is contained in a statement issued by Dr Christopher Otabor, Head of Communications, MDGs Office, in Abuja
It said the summit would take place between Aug. 18 and Aug. 19, in Abuja.
It said the summit would prepare Nigeria for the successor framework of MDGs and the post-2015 development agenda.
The statement also said that major achievements and contributions of the MDGs to national socio-economic transformation would come under scrutiny at the summit.
“The summit will come up with strategies to sustain the momentum in the final push towards achieving the MDGs target in Nigeria, especially in critical areas where Nigeria still lags behind.”
The statement said that participants would reflect on the challenges and lessons drawn from Nigeria’s effort at meeting the targets of the MDGs.
The summit, according to the statement, will review Nigeria’s contributions to the post 2015 process based on emerging outcomes and priorities at regional and global levels.
It also said that the summit would lay foundation for political and institutional framework towards the implementation of the post 2015 agenda.
“Nigeria needs to lead the way towards providing leadership for the rest of the continent of Africa in terms of forward looking strategies that can build on the gains of the MDGs.
It said participants would be drawn from segments of the society including youths, women, private sector, government, civil society organisations, international development partners, trade unions, the academia and the media.
The statement also said that the summit would feature exhibitions, feedback session, launch of the Nigerian MDGs Information Management System (NMIS) and award ceremony.
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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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