Business
‘Nigeria Needs Stable Power To Revive Economy’
Nigeria needs stable and uninterrupted power supply to get out of its current economic challenges, an Ilorin-based legal practitioner, Mr Kehinde Adekunle has said.
Adekunle said this in Ilorin on Thursday while speaking with newsmen.
He described stable electricity supply as panacea for economic growth and development of any nation
“Stable power supply is needed for the country to boost its economy. Industries must enjoy reliable and stable electricity to produce optimally.
“With stable power supply, the production capacity will increase at a lesser cost, unlike when it solely relies on generator. The output will be massive and will enlarge the market.
“Government must act fast by investing in the power sector to revive the economy.
“It will encourage local investors and attract international investors. They will be willing to do business in Nigeria as the environment will be market friendly.
“Government should strive to increase the generation of electricity in the country, imagine South Africa generates 34 megawatts daily, Nigeria should strive to improve its capacity,” he said.
The lawyer expressed optimism that stable electricity supply would reduce the rate of unemployment in the country.
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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
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