Business
NIPC Decries Funding Constraints
The Executive Secretary, Nigerian Investment Promotion Commission, Alhaji Mustapha Bello, on Monday in Abuja, decried the commission’s poor state of funding and said it needed N2bn annually.
Bello told newsmen that the commission was not funded in 2010, saying that lack of funds to create awareness and attract the needed investment was the major challenge the commission faced.
He said that the commission had to rely on the support of the private sector to fund most of its programmes and activities.
Bello said, “We have used the private sector so much since I came in here, but it appears they are getting tired and they are becoming fatigued.
“We need government to seriously look into the need to fund NIPC. What NIPC is looking for annually actually is not up to N2bn to do a lot.”
He said that the commission could use the money to embark on massive campaigns and to address the challenges posed to the country’s image by the activities of fraudsters.
“This will actually bring this country to a level that everyone will know what Nigeria is,” he said.
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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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
