Business
Dangote Cement Begins Operations In Liberia Soon
Dangote Cement is to begin operating a subsidiary in Liberia within the next six weeks. The subsidiary named Dangote Cement Leberia will receive a capital injection of $35 million from the parent company in Nigeria.
These details were disclosed at the signing of a Memorandum of Understanding (MoU) between the Liberian government and Alhaji Aliko Dangote.
The agreement permits Dangote to build a cement factory at the Freeport of Monrovia.
A representative of the Liberian government, Mrs Matilda Parker, the Head of the National Port Authority of Liberia signed the MoU on behalf of Liberia.
She said, “I gratefully expressed my gratitude to you, Mr. Dangote, and your company for extending operations to Liberia. It will speed up reconstruction, create more jobs and expand the economy.”
Aliko Dangote commenting on the investment said it will create jobs for 250 Liberians immediately. He also stated that the investment could be increased over time as Dangote Group has access to $15 billion in investment capital.
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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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