Business
Buhari Requests Senate’s Approval For 2018-2020 MTEF
President Muhammadu Buhari has forwarded the 2018-2020 Medium-Term ‘Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly for consideration and subsequent approval.
In a letter read at Thursday’s plenary, by the President of the Senate, Bukola Saraki, Buhari said the Medium-Term ‘Expenditure Framework (MTEF) and Fiscal Strategy Paper were prepared against the backdrop of a generally adverse global economic uncertainty as well as fiscal challenges and recovery in the domestic economy.
Buhari explained that this was to ensure that planned spending was set at prudent and sustainable levels and consistent with government’s overall developmental objectives and inclusive growth.
It would be recalled that the Federal Executive Council in August had approved the 2018-2020 medium term expenditure framework (MTEF) and the fiscal strategy paper (FSP).
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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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
