Business
RMRDC Wants Cottage Industries For Economic Development
The Raw Materials
Research and Development Council (RMRDC), Edo State has called for the establishment of cottage industries in the state in order to boost the economy.
The coordinator of the council in the state, Mr Andrew Oloton, who made this known in an interview with newsmen in Benin, said that the establishment of such cottage industries would improved living standards of the people and generate more revenue for the state government.
“We are encouraging people to go into cottage industries because the rate which big industries are folding up due to irregular power supply and lack of infrastructure is alarming Cottage level industrialisation is the only way to boost business activities in the state, he said.
According to him, when you have many people going into production on a small scale such as fruit juice production, it leads to employment of persons and industrialisation.
The coordinator also called for clustering of industries to ensure productivity, innovation and competition, adding that the clustering of industries would help to generate employment.
“You do not have to wait for one Juice Processing Industry, it doesn’t work like that. When we have little clusters doing that, at the end of the day, a lot of people will be employed and productivity will increase” he said.
Oloton urged banks to provide soft loans for small scale businesses, stressing that high interest rate was a problem to the development of such businesses.
He also advocated for the introduction of tax relief for small business operators in order to encourage the growth of the Small and Medium Enterprises for development of the economy.
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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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