Business
Minister Reasures On Reduction Of Business Cost
The Minister of Trade and Investment, Mr Olusegun Aganga, last Thursday reiterated the Federal Government’s commitment to reduce cost and time of doing business in the country.
Agagnga said this at the opening ceremony of the Lagos-Kano-Jibiya (LAKAJI) Agricultural Growth Corridor Investment Summit in Abuja, organised by the United States Agency for International Development (USAID).
“For the first time in the country’s 53-year history, the power sector has been completely privatised.
“And as you are aware, we already have a Memorandum of Understanding (MoU) for another 10,000 megawatts of power plant.”
The Tide reports that the LAKAJI initiative, USAID’s new activity, hopes to build on the U.S. previous support to improve trade efficiency in Nigeria.
It also hopes to support trade facilitation, transport, and agribusiness investment intervention and is being implemented through the Nigeria Expanded Trade and Transport (NEXTT) activity.
The initiative prioritises work along the LAKAJI corridor, which is a major overland cargo transport route in the country.
According to Aganga, the initiative is a key intervention that can affect the Nigerian economy positively.
He urged investors to invest in the LAKAJI corridor, saying that it cut across 10 States of the federation.
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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