Business
Expert Calls For Collaboration On Commodity Export
The Chief Executive Officer, Multimix Export House, Dr Obiora Madu has called for increased cooperation among commodity exporters to boost their competitive advantage and non-oil export.
Madu made the call during an Agro-Commodity Export Master Class organised by the Nigerian-American Chamber of Commerce (NACC) and Multimix Global Learning Center.
He said that forging partnership would assist exporters to achieve speedy market access, growth and expansion in a rapidly changing world.
“The international market is ruthless, selective and fiercely competitive and only well-constructed corporate alliances can help exporters’ pool expertise, enter new markets, share financial risk and get products and services to market faster.
“Export joint ventures offer firms the opportunity to reduce costs which is of utmost benefits for small and medium sized firms that are either new to exporting or have limited export experience.
“The ability to reduce export costs and risks is especially important when considering entry into a new or complex export market,” he said.
According to him, from available statistics, only few countries in the world can match Nigeria’s endowment in natural resources.
“The country boasts of some of the finest deposits of oil and natural gas, a rainforest belt that offers the best cash crops and hardwood, a savanna region with very large tons of oil seeds, coffee, chilies, spices and abundant solid mineral resources,” he said.
The Master Class focuses on export commodities like Sesame seeds, Ginger, Cashew Nuts, Shea Nuts/Butter, processed Vegetable & Food Products.
It was designed for produce merchants, infant exporters, existing exporters, commodity brokers, foreign buyers, investors, financiers and government export facilitating and inspection agencies.
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.”
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