Business
‘Poor Infrastructure, Bane Of Automobile Industry’
Nigerian Manufacturers have attributed the woes bedeviling the rapid development of the automobile industry to the lack of basic infrastructure. Analysts blamed successive government that have failed to provide the necessary infrastructure to ensure the survival and growth of the sector. Because of such negligence, Nigeria has now become the largest importer of fairly used cars that amount to about N10 billion annually. The Tide investigation revealed that the substantial amount of money spent on the importantion of various fairly used automobiles would probably have been invested in the local industry which would have strengthened its backbone.
Dr. Haroun Ibrahim Aliyu, managing director of Peugeot Automobile Nigeria (PAN) who spoke at a joint summit by the Federal House of Representatives and the National Automotive Council (NAC) in Abuja, said government cannot shy away from the fact that adequate infrastructure is the only way to guarantee the industrial develop and the automotive industry would bring about high standard of living through job creation.
He also said the sect or is bound to link many types of producing firms from maternal producers to intermediate and capital manufacturers and final assemblers.
Specifically, Aliyu lamented that the cost of generating electricity in the nation’s auto manufacturing sector is very high.
He therefore urged government to invest more in infrastructure particularly in electricity, water supply system, communication and road network.
He suggested that it is necessary to induce greater support to promote a dynamic, efficient and sustainable automobile manufacturing in a collective manner with the private sector as well participating in the provision of infrastructures at affordable prices through Build, Operate and Transfer (BOT) principle.
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
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