Business
Bureaucracy, Obstacle To Accessing Textile Dev – Commissioner
Alhaji Abubakar Umar, Kaduna State Commissioner for Commerce and Industry, has called on the Federal Government to reduce the level of bureaucracy associated with accessing the N100 billion textile fund.
Umar told the newsmen in Abuja, on Wednesday, that there was the need for government to review the bureaucracy so that potential investors would have access to the money.
He said, “There is N100 billion kept in banks by the Federal Government for the textile industries to access”.
“The government is doing a lot to mobilise people in order to access the fund, but accessibility is the problem”.
“Gone are the days when the textile industries in Nigeria used to be functional but, the present administration is doing a lot, pumping in money in order to re-activate the industries.”
Umar said government was doing enough to re-activate the ailing textile industries in Nigeria, but accessibility of this fund remained a problem due to the conditions attached by the banks.
The commissioner said, “The funds are meant for the grounded industries, but they cannot access the fund, at the end of the day, what will the banks do with the fund.”
He said that Governor Patrick Yakowa of Kaduna State was making sure that the state would join hands with the Federal Government to revive the textile industries in the state and Nigeria as a whole.
According to him, the sector if revived will create job opportunities and thereby help to reduce the unemployment in the country.
He noted that the state had built about four mega stations to provide power supply to the people and industries in the state as a way of encouraging industrial development in the country.
Umar was in Abuja to attend the Nigeria at 50 Trade Fair.
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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.”
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