Business
Akinwunmi Re-Elected AfDB President For 2nd Term
African Development Bank (AfDB) has endorsed Dr Akinwunmi Adesina for a second term as president of the bank.
The decision was taken during the 36th Ordinary Session of the African Union (AU) Executive Council, held during the AU Summit in Addis Ababa, Ethiopia from February 6 to 7, 2020.
In a statement, Olufemi Terry of the Communication and External Relations Department of the bank, recalled that Adesina was elected in his first term as president by the Bank’s Board of Governors at its annual meetings in Abidjan on May 28, 2015.
Adesina is the eighth president of the African Development Bank Group and the first Nigerian to hold the position.
During his first term, the statement added, the bank’s shareholders approved a landmark $108 billion capital increase in late October.
The increase in the capital base, from $93 billion to $208 billion, signalled a strong support from the Board of Governors in the continent’s foremost financial institution.
Adesina is a renowned development economist who has held a number of high-profile international positions, including an assignment with the Rockefeller Foundation, and as Nigeria’s Minister of Agriculture and Rural Development from 2011 to 2015, the statement added.
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
-
Nation2 days agoHYPREP Probes Overhead Tank Collapse …Plans To Supply Water In 65 Ogoni Communities
-
Sports2 days ago50th Anniversary: Over 150 Golfers, 11 Countries Set For Ikoyi Ladies Golf Tourney
-
News3 days agoRSG CHARGES JOURNALISTS TO SHOWCASE GOVT PROGRAMMES
-
Editorial2 days agoCertificate Forgery, Loss Of Public Trust
-
Business2 days agoNCDMB Council, Mgt Seek Improvements In Corporate Governance, Performance
-
News2 days agoHYPREP Probes Overhead Tank Collapse
-
Opinion2 days agoTradition or idolatry? The Debate Over Nhe-Ajoku
-
Sports2 days agoNPFL : Finidi Praises Players Over Draw Against Insurance
