Business
‘Textile Alone Can Generate 2.5m Jobs’
The Vice President of Industrial Global Union, Mr Issa Aremu, has said that the textile industries alone can generate over 2.5 million jobs in Nigeria if rejuvenated.
He said the Federal Government could create 100 million jobs over the next 10 years with the resuscitation of the textile industries.
Aremu made the call at the weekend in Lokoja at a one-day interactive session on the five-year policy Trust of the Central Bank of Nigeria (CBN) – (2019-2024). The session was organised by the CBN, in collaboration with organised labour and other stakeholders.
He said that through the CBN intervention in cotton production, the narratives have changed from cotton shortages to cotton abundance and the country should no longer import cotton from Benin Republic.
Aremu, who is also the General Secretary, National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGTWN), said, “Now, the challenge is that many factories have come back and are ginning the cotton seeds. They will then move to milling, weaving, spinning and the final product.
“You won’t believe it, uniforms for the Nigeria Customs Services, Police and the Army are produced in Bangladesh and India.
“Consider the security implications among other things. You know what, the few textile industries remaining have the capacity to produce them (the uniforms).
“We can even use it to kick-start new factories and you can imagine if we all agree that uniforms of primary and secondary school children should be produced locally, many of the garment factories will come back and this will get youths gainfully employed,” he said.
Aremu suggested that other sectors like construction and pharmaceuticals, should be rejuvenated for optimal performance.
He said “We like to drive exotic cars in Nigeria but we do not have factories where these cars can be manufactured. When properly rejuvenated, the factories for Volkswagen, Peugeot, Fiat, trucks in Kano, Styer in Bauchi can create decent jobs in these areas.”
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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
