Business
Continous Border Closure Not Sustainable – MAN
The Manufacturers Association of Nigeria (MAN) has said that the continued closure of the country’s land borders is unsustainable as many genuine businesses are suffering, and some are at the verge of shutting down.
The Director- General, MAN, Segun Ajayi-Kadir said this on Tuesday at a ‘Stakeholders forum on impact of border closure on Nigeria’s economy’ organised by the Lagos Chamber of Commerce and Industry in partnership with the Centre for International Private Enterprise.
Ajayi-Kadir, who was represented by MAN’s Director of Corporate Affairs, Mr Ambrose Obruche said some members of the association complained that their businesses were suffering.
He said such businesses especially in food and tobacco industry spent more money to import their raw materials and export their finished goods within the West African sub region.
While the MAN’s DG noted that it acknowledged that the closure on August 20, 2019 had started having positive impacts, it warned that there were other negative effects on the economy.
He said, “While a section like the agriculture (poultry and rice farmers) had benefitted from the border closure, we want to say the border closure is not sustainable on a long term.
“Some of our members in the food, beverage and tobacco industry, and those in paper and roofing sheet production are complaining that their businesses are being affected negatively.”
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
-
Niger Delta1 day agoDelta To Present Over ?1trn Budget For 2026
-
Politics23 hours agoAnambra Guber: I’m Not Impressed, LP Candidate Says …As Observers Lament Vote-buying, Low Voters Turnout
-
Oil & Energy1 day agoOil Demand to Rise Through 2032 as Energy Transition Stalls
-
News19 hours agoCleric Harps On Significance Of Thanksgiving
-
News1 day agoAlesa land-owners hail Fubara, Mayor of Housing Over New City Project
-
Maritime23 hours agoAPAPA Customs Boss Tasks Stakeholders On Compliance,Test-Run Scanner
-
Niger Delta1 day agoWe’ve Repositioned LG System For Efficienc – Bayelsa D’Gov
-
Politics23 hours agoModu Sheriff Disowns Report Accusing Shettima Of Creating Boko Haram
