Business
Minister Tasks Banks On Foreign Investments
The Minister of Trade and Investment, Dr Olusegun Aganga on Wednesday in Abuja urged banks to facilitate Foreign Direct Investment (FDIs) to accelerate the country’s economic growth.
Aganga made the call when the Managing Director of Stanbic IBTC Bank, Mrs Sola David-Borha, led a delegation of officials of the bank on a courtesy visit to him in his office.
He urged the banks to be proactive by using their relationship with local and foreign investors to bring investments into the country.
Aganga also called on the banks to serve as ambassadors of the country by promoting its potentials, saying that this would go a long way in attracting investors.
“I intend meeting with the right people that will open up opportunities that will crystalise into investment.
“Investors that can create employment for 5,000 people are very important to us. It is not about money, it is about people, it is about job creation.
“Government alone cannot create that number of jobs, that is why investors are so important to us,’’ he said.
Aganga said the ministry would start capturing the data of people investing in the country as well as tracking records of potential investors.
“Our job cut across all the MDAs and we are looking for investors in the areas of agriculture, infrastructure, manufacturing, oil and gas and mining,’’ he said.
Earlier, David-Borha had said that the bank would partner with the ministry in attracting investors into the country.
She said that various investment groups had already indicated their interest to invest in the country.
“We are active in China and Africa in trade transaction with largest asset management in the country,’’ David-Borha said.
Meanwhile, a group of bankers from the United Arab Emirates (UAE), who visited the minister on Wednesday, also indicated their interest to invest in the country.
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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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