Business
Nigerians Decry Hike In Cement Price
Nigerians have expressed big doubts over the capability of the federal government to trim down the prices of cement in the country.
President Umaru Musa Yar’Adua in recent time approved the implementation of a number of measures aimed at boosting local cement manufacturing and bring down cement prices.
The price of the product at present is between N1,450 and N1,750 per bag of 50kg.
It’s high cost, as an important building material product has extensively affected the ability of many Nigerians to build houses, which market analylists attribute to the high cost of accommodation throughout the federation.
The Tide learnt that the way out were contained in the recommendations of the committee report set-up by the President to review the cement industry in the country.
The Committee which was led by the Minister of Finance, Dr. Mansur Muhtar, recommended among other things, the systematic and controlled programming of cement imports subject to appropriate tariffs, reinstating of policy of banning importation of bagged cement in line with national industrial policy.
Other measures were, issuance of cement import licences to only manufacturers and other players with outstanding commitment to back integration, including bulk cement importers with suitable bagging facilities. Furthermore, The Tide gathered that the Federal Government will also connect the granting of import licences to guarantee that the licences will be fully enforced within a short period of time.
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.”
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