Business
Stakeholders Seek Independent Economic Regulator For Port Industry
Stakeholders in the maritime industry has urged government to create an independent economic regulator for the port industry.They said that such a regulatory body should be manned by the professionals who have deep knowledge of the industry. The stakeholders said such a regulation should be devoid of political interference and bureaucratic bottleneck.They suggested that the name of the regulator should be called National Independent Port Commission (NIPC). The suggestion was reached at a breakfast meeting with focus on creating a regulator for the ports operation, organized by the Ships and Ports Communication and Golden Edge Consult Limited. The meeting was chaired by Dr. Waheed Kareem, the chairman, Port Consultative Council.In his remark, Kareem stressed the need for a regulatory body that would create competition among the port operators. According to him, the National Assembly had a critical role to play in this regard.He said the people that would manage the regulatory body should be those who had deep knowledge of the industry. Echoing him, Capt. Abiodun Omotesho, while giving an overview of the port regulations, explained that a lot of ports were looking at how to create bigger ports through an independent economic regulator.. He explained that some ports had already created a regulator to monitor their port activities. Omotesho said that South Africa, which had five private ports, has a regulator. “If you want to regulate, it requires technological depth,” he explained. Omotesho said there should be independent regulation in order to get positive results for government and stakeholders, adding that, government agency cannot regulate the port to achieve good results.
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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