Business
LAPMAN Harps On Expert Expansion
Leather and Allied Products Manufacturers Association of Nigeria (LAPMAN), has called on the Federal Government to stop the policy on Export Expansion Grant (EEG) to save local industries from collapse.
The call was contained in a petition which the association sent to the Kano State House of Assembly Committee on Commerce and signed by its Chairman, Board of Trustees, Alhaji Bashir Danyaro.
The petition, a copy of which was made available to journalists in Kano on Sunday, also called for the urgent probe of the importation value of leather in 2008.
According to the association, the probe is necessary to unravel the high level scandal that charaterised the exercise.
The association said the policy was originally designed to assist the sector but was hijacked by few powerful foreigner- individuals who allegedly syphoned the fund to the detriment of other sectors.
It also noted that the EEG policy had led to job losses in local leather industries, pointing out that the promotion of local content had also been relegated.
The associated contended that beneficiaries of EEG in the leather sector had driven the price to all time high, thereby making it impossible for local users of leather to make profit.
The petition lamented that the abuse of the policy had led to the closure of several shoe companies that were once household names in the country.
It called for urgent scrutiny of the grant to ascertain the level of abuse by the operators.
“Our industries are at present in a serious jeopardy and facing imminent collapse if your committee recommends the continuation of this EEG.”
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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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
