Business
Sarumi Wants FG To Unbundle NPA
A former Managing Director of the Nigerian Ports Authority (NPA), Chief Adebayo Sarumi, has urged the Federal Government to unbundle NPA for better performance.
Sarumi, who made the call at a public lecture in Lagos, said that there was the need for a strategic plan to reposition the Authority for the future.
He said, “NPA can be taken to the floor of the Nigerian Stock Exchange to raise enough funds.
“There will be attractive conditions for foreign direct investments as far as the port sector is concerned.”
Sarumi also suggested the establishment of a national fund to build more ports and expressed delight over the passage of the Sovereign Wealth Fund Act.
The maritime technocrat advised that NPA must partner with major global operators so as to move the organisation forward.
He said that such foreign partners should be world-class partners that could train NPA workers as technical regulators.
Also, a former Managing Director of the authority, Malam Bello Gwandu, suggested the Public Private Partnership scheme as a key to port development.
He said that Nigerian ports had become over-congested while the services were over-priced.
Gwandu also said that there were too many government agencies at the ports.
He said, “If the ports are run efficiently, it will make positive effect on costs. Our ports have become toll gates due to the storage systems.
“Goods are stored in the ports for too long and some companies are making monies on rents.”
He described Nigerian ports as archaic, adding that some of them were not well designed to cope with the current challenges.
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.”
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