Business
Bizman Tasks RSG On Workers’ Housing
An investment executive, Mr Cletus Okeha, has called on the Rivers State Government to assist in providing fixed asset bonds for its workers to enable them procure their own houses.
Speaking in an interview with The Tide in Port Harcourt, Okeha who is the chief executive of Unichyd Finance & Investment Limited, stated that the bonds could be fronted through the state-owned Pabod Finance & Investment Company.
According to him, the repayment period could be made to last between 10-15 years within which the amount is deducted from the salaries of beneficiaries.
Okeha further posited that Pabod Finance which was established to undertake such functions should first be made to function properly, pointing out that this outfit could bridge the gap in providing fund for workers to build their own houses and in turn, generate profit over time.
A situation where civil servants in Rivers State, especially indigenes of the state remain perpetual tenants to shylock landlords, according to him, totally unacceptable.
The investment expert referred to Lagos and a few other states where workers have been encouraged by their respective state governments to own houses.
He also explained that if Pabod Finance is property funded and managed about two decades the pathetic housing situation in Port Harcourt will have recorded very significant improvement.
Corlins Walter
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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