Agribusiness
FG should surtax sugary foods in Nigeria
The federal government must increase taxes on sugary fiids and beverages to combat malnutrition in Nigeria.
The Global Panel on Agriculture and Food Systems for Nutrition Director Sandy Thomas made the appeal Wednesday in Abuja.
“Government of Nigeria can put taxes on sugary drinks, foods,’ she said.
“In Mexico, this is beginning to have effects on the amount of sugary things that people buy.”
The professor also advised the government to subsidise nutritious foods in public places to assist consumers make informed decisions on nutritious foods.
“We need to use government influence, power of industry, civil society to make sure consumers can also exercise good choices on what to eat,’’ she said.
She expressed regret over the increasing number of malnourished and stunted children especially in the North East and North West of the country as a result of the consumption of those foods.
According to her, Nigeria needs to transform her food environment in ways that promote diversity, availability and safety of nutritious foods.
She noted that making nutritious foods available in prisons, hospitals and schools would encourage the consumption of healthy foods.
Beverage and food companies invested about 17 per cent of the global spending on advertisement in 2012 just to get people patronise their products that are not so helpful.
ALSO SEE: Etisalat loan talks reach deadlock
She said that consumption of processed foods was the major cause of malnutrition, obesity, type 2 diabetes, which are on the increase in developing countries.
The Panel, founded by the Bill and Melinda Gates Foundation and the UK Department for International Development, was established in August 2013 at the Nutrition for Growth Summit in London.
It is an independent group of experts and leaders who hold or have held high office and are showing strong personal commitment to improving nutrition.
The panel aims to provide guidance to decision makers, particularly governments, to inform and promote agricultural and food policies, and investment for improved nutrition in low and middle income countries.
-
Business5 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business6 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business6 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business4 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Latest7 days agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Business4 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoAugust inflation faces upward pressure despite disinflation trend – Analysts
-
Business6 days agoHigh fuel, low wages: The economic toll of Nigeria’s post-subsidy era


