Business
Experts Call For Full Implementation Of 2011 Budget
Economic experts in Lagos have urged the Federal Government to ensure the full implementation of the 2011 budget.
In separate interviews, they called on the Federal Government to be proactive in the implementation of the 2011 budget to ensure the nation’s economic development.
Dr. Tunde Adeoye, a lecturer in the Department of Economics, University of Lagos, said that the size of the budget was not important, but its implementation.
Adeoye said that the executive should have sent the 2011 budget to the National Assembly by the third quarter of 2010 instead of delaying it till the middle of December.
He said that the issue of decayed infrastructure was on the rise, adding that the government should reduce its spending and provide the needed infrastructure.
Dr Paul Adams, a lecturer in the Department of Economics, University of Lagos, said that the poor implementation of the previous budgets was worrisome and urged the government to ensure that the 2011 is fully implemented.
Adams said that budget implementation needed the effective monitoring of how funds were allocated to the various sectors of the economy.
“Good implementation of the budget would lead to the provision of better infrastructure and attract foreign investors that would boost the economy through jobs creation,” Adams said.
Dr. Olumide Owoade, a lecturer, Department of Economics, Lagos State University (LASU), said that poor implementation of the nation’s previous budgets had stagnated the economy.
“We must break away from the past and ensure good implementation of the budget to ensure rapid economic growth that future generations would be proud of,” he said.
Dr Ayodeji Thomas, a lecturer at the Department of Economics, University of Lagos, said that one of the major causes of poor implementation of budgets was its late preparation.
Business
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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.”
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