Business
FG Convenes Fund Disbursement Meeting, Soon
The Federal Government is to convene a stakeholders’ meeting in the Nigerian movie industry on how to access the $200 million intervention fund to develop the sector.
The Minister of Information and Communications, Mr Labaran Maku, made this known in Abuja when he received two prominent Nollywood actors, Chinedu Idedieze and Osita Iheme, also known as Aki and Paw-Paw.
He said the meeting would help to iron out the various challenges confronting the movie industry and fashion out ways to tackle them.
He said the Nigerian Film Corporation had written a memorandum to the CBN and the Bank of Industry on how the fund could be accessed.
Maku, however, stressed the need for the Guild in the movie industry to put its house in order and work as a team to access the fund.
The minister also commended the movie industry for its contributions to projecting the image of the country positively.
“In spite of the success recorded in the industry particularly in terms of employment generation, more should be done in terms of quality, technology and skilled manpower,” he said.
He restated government’s commitment to supporting the development of the industry to meet international standards.
Earlier, Idedieze said their visit was to seek information on how to access the fund.
He commended the Federal Government for its support to the industry and pledged that Nollywood would continue to project the image of the country positively.
It may be recalled that President Goodluck Jonathan had in December, 2010, approved the fund for the development of the industry.
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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