Business
FG Reviews N200bn Agric Fund Modalities
Following a barrage of criticisms by stakeholders on the conditions attached to the disbursement of the N200 billion agricultural development fund, Federal Government has expressed its readiness to review the modalities for disbursing the fund, with a view to making it responsive to emerging challenges.
The Acting President of All Farmers Association of Nigeria (AFAN), gave the hint after the executive committee meeting of the association in Abuja.
While lauding the presidential initiative, Adamu disclosed that some stakeholders in the financial sector had also requested for the involvement of more banks to manage the fund, to complement the two banks chosen by government.
In the same vein, he criticized government initial sharing formula of 60 per cent to large-scale commercial farmers and 40 per cent to peasant farmers, describing it as equitable.
The decision to review the sharing formula was sequel to series of complaints from stakeholders in the agricultural sector who observed that the modalities were unfavourable to them.
Meanwhile, the members of the National Executive Council (NEC), at a meeting held Wednesday, April 22, 2009, were tasked to come up with inputs to the new guideline, with a view to achieving its set objectives.
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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