Business
Electricity: FG Exploits 2.7 bn Coal Deposit
In a bid to enhance electricity supply in the country, the Federal Government has concluded arrangements to exploit the nation’s 2.7 billion metric tones of coal deposit to generate about 5,000 megawatts of electricity before the end of the year.
The Federal Government says it would woo Chinese firms with the appropriate technology knowhow for a joint exploitation of coal as a step to increasing national electricity output.
Diezani Alison-Madueke, Minister of Mines and Steel Development, who met with a delegation of Industrial Commercial Bank of China (ICBC) in Abuja, recently, said government had identified eleven strategic coal clusters that could provide a sizable quantity of coal for power projects.
Alison Madueke, noted that the transmission of about 5,000 mega watts of electricity from the natural resource is currently lying fallow.

Electricity transformers donated to communities by the Rivers State Government. Photo: Chris Monyanaga.
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
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