Business
NASME Calls For Attention
The President of the Nigeria Association of Small and Medium Enterprises (NASME), Dr. Ike Abugu, said attention must be focused on small businesses to achieve the double digit growth needed to actualize Vision 20 – 2020.
Abugu, who spoke at the NASME patrons and trustees’ dinner held in Lagos, said what is required of government is to ensure that the natural entrepreneurial talents of the citizenry and harnessed.
He listed other factors as, government facilitating access to cheap, long-term funding for genuine enterprises, bringing back the Small and Medium Enterprises Equity Investment Scheme (SMEEIS), introducing tax holidays for start ups for the first five years and charging single digit tax thereafter,; others are introducing mandatory patronage of product of Nigerian SMEs (at least 25 per cent of government procurement must be from Nigeria SMEs), overhauling the educational system, especially science, technical and vocational education and fixing our infrastructure, especially electric power, rail roads and water.
Continuing, he said that, “it is in the interest of the government that viable business associations operate in the country as it will help organize the numerous entities operating in various industries and goes further to articulate their needs and demands for transmission to government.”
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
