Business
Group Wants Restructuring Of NNPC
The Centre for Public Private Cooperation (CPPC), an NGO, on Sunday called for the restructuring of the Nigerian National Petroleum Corporation (NNPC).
In an interview with newsmen, Dr Abiodun Folawewo, Coordinator of CPPC, said the whole process and NNPC should be restructured with roles clearly stated in the fuel subsidy regime.
He said that government required goodwill to restructure the corporation and the management of the subsidy regime.
“The only way forward is for government to have the will to do what is right.
“Let us restructure the NNPC, the whole process is in a way that there will be a definite role for those involved in the management of subsidy’’.
According to him, government has over the years failed in its responsibility to deliver the necessary process that can lead to sustainable development.
He said that the bulk of oil revenue meant for development of the country was went into private pockets instead of government coffers.
Folawewo said that the Nigerian Extractive Industries Transparency Initiatives ( NEITI) audit reports of 1999 to 2004, 2005 and 2006 to 2008 had clearly shown that the oil and gas sector was corrupt.
He lamented that government agencies in charge of the subsidy regime had no actual records of transactions.
“You can see from the subsidy probe that not even the agencies of government have accurate records of oil sales.’’
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
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