Business
Fund SMEs For Enhanced Productivity -NASSI
The National Association of Small Scale Industrialists (NASSI) has urged the Federal Government to ensure adequate funding of Small and Medium Enterprises (SMEs) to enhance their productivity.
Mr Duro Kuteyi, NASSI Vice-President, made the call in an interview with newsmen in Lagos on Tuesday.
Kuteyi said that many SMEs could not meet their market demands due to financial constraints
“They need funds to package their products and produce on larger scale to be able to compete with imported products,” he said.
Kuteyi said that the Standards Organisation of Nigeria (SON) was making plans to regulate products from the SMEs.
“No matter the standards of the SON, if funds available to SMEs cannot meet up with the standards established by the agency, there cannot be a way forward.
“Standardisation is not the issue now. SMEs have so many problems at hand which government has not been able to resolve over the years,” Kuteyi said.
According to him, there will be improvement in the sub-sector when government starts to heed the calls of operators.
“The association on its own part is planning to set up a consultancy centre where SMEs will be enlightened on ways to improve on and package their products,” Kuteyi said.
He also identified electricity, multiple taxation and low productivity as some of the problems facing the sub- sector.
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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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