Business
Firms, Professionals To Benefit From Executive Order 5 – Minister
The Minister of Science and Technology, Dr Ogbonaya Onu, says Nigerian professionals and firms would benefit from the implementation of Executive Order 5.
He made the disclosure last Friday in Ibadan during the South West Dialogue on Presidential Executive Order 5 held at the Nigerian Institute of Science Laboratory Technology(NISLT).
The executive order borders on the planning and execution of projects as well as promotion of Nigerian content in contracts, science, engineering and technology.
Onu, who was represented by the Director of Legal Department in the ministry, Mrs Yoroh Odu-Thomas, said government is committed to transformation of the nation’s economy from resource-based to knowledge-based.
He said the Muhammadu Buhari administration was determined to create an enabling environment to mobilise local investment and attract more foreign direct investment to the country.
“On implementation of the order, Nigerian companies and firms have the opportunity more than ever before to participate in national development through award of contracts and also to serve as consultants.
“The order places premium on the use of indigenous professionals and firms in the design and execution of projects involving national security.
“Foreign experts will only be engaged on condition that such expertise is not available in Nigeria.
“ Even when they are engaged, Nigeria professionals would be attached to understudy them,” he said.
Onu urged all Ministries, Departments and Agencies(MDAs) to encourage indigenous professionals in Diaspora to return home and use their expertise to develop the country.
“The Buhari administration has recognised the use of Science, Technology and Innovation(STI) as well as the effective participation of our young people, professionals, indigenous contractors and consultants as indispensable.
“Only this could make Nigeria become a truly great nation. The present Economic Development Plan as well as National Economic Recovery and Growth Plan (NERGP) 2017-2020 also recognises Science and Technology as drivers of productivity,” he said.
The Permanent Secretary in the Federal Ministry of Science and Technology, Mr Bitrus Nabasu, said the order was a deliberate step by the administration to usher in a new dawn in Nigeria.
Nabasu, who was represented by the Director, Finance and Account in the ministry, Alhaji Ibrahim Yusuf, said a new Nigeria would be that which allows indigenous professionals participate and contribute to the nation’s growth.
“This Executive Order is a foundation for acknowledge based economic revolution that will eventually entrench STI in everyday life, and this is key to achieving the nation’s development goals across sectors of the economy,” he said.
Mr Ibiam Oguejiefo, a Special Assistant to the Minister, said the order was aimed at addressing the various challenges of the economy as regards the participation of Nigerian professionals.
“It is unfortunate that we have left this wonderful idea for long till this time. Thank God that President Muhammadu Buhari has finally signed it for economic prosperity.
“Participants and Nigerians are therefore enjoined to support the realisation of its goals towards achieving optimal results,” he said.
Also speaking, Mr Yemi Gbadegesin, NISLT Director-General, pledged the institution’s support for the realisation of the executive order.
Gbadegesin used the occasion to present some documents about NISLT as well as its functions and achievements to the minister.
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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
