Business
LCCI Tasks Govt On Housing
The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr Femi Deru, has urged government at all levels to evolve policies that would make houses available to ordinary Nigerians.
Deru made the plea in Lagos at the Honours’ Nite and Launching of the Journal of Lagos State chapter of the Nigerian Institution of Estate Surveyors and Valuers (NIESV).
He said availability of houses in the country was not growing astronomically with the population because of rising cost, warning that this required immediate attention.
“Housing in urban and sub-urban areas has outgrown the population and many areas have turned to slums.
“As professionals, we know that the problem of housing is affordability. I, therefore, call on the government to develop immediate policy action to address it,” he said.
Deru urged government to tackle the problems of rising cost of building materials, registration of land use structure and interest rate regime.
Government, he said, should equally look into concerns about mortgage finance, house designs, collapsed building, site and service schemes and the Land Use Act.
“Government should also consider the development of local capacity and the reduction in the importation of buildings materials,” he added.
The LCCI president noted that a robust long-term fund was critical to the development of housing.
He said LCCI was worried about the constant collapse of buildings and the inability of government to penalise those found culpable.
Deru urged real estate practitioners to check the activities of quacks and those engaged in unethical practices, saying this would help restore dignity to the profession.
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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
