Business
Okorocha Approves N10m Interest-free Loan For Traders
Governor Rochas Okorocha of
Imo State has approved the disbursement of N10 million interest-free revolving loan for petty traders at the Orlu Inter-national Market.
Okorocha, who announced the approval at a meeting with the traders in Orlu, said the loan was to empower the traders to expand their businesses.
He said the traders were also expected to compete favourably with their counterparts across the state.
Okorocha said his administration had resolved to ensure that all markets in the state were well equipped with necessary facilities.
According to him, the move is because about 70 per cent of the people are traders and spend more time in the market.
He also announced the establishment of a limited liability company to be known as Imo Market Nig. Ltd.
The company, he said, was expected to help in meeting the needs of the traders and to ensure that monies collected from markets were used for their development.
Okorocha urged the traders to guard against importing and selling contraband goods.
Earlier, the president of the Orlu Amalgamated Traders Association, Mr Uche Osunkwo, commended the leadership quality of the governor.
He thanked the governor for having the interest of traders at heart by making funds available for them to run their businesses.
On behalf of the traders, he promised to always support the development strides of the state government.
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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
