Business
Kwara Assembly Approves N335m Loan To Purchase Cars
The Kwara Assembly last Tuesday approved the N335 million loan request made by Governor Abdulfatah Ahmed to purchase vehicles for political office holders in the state.
The House unanimously agreed that the procurement of the vehicles would enable the beneficiaries to discharge their duties efficiently.
Abraham Asaolu, the Majority Leader and member representing Oke-Ero constituency, said in a motion without notice that the request by the governor was constitutional and urged all members to support it.
The motion was seconded by Raliat Adifa, member representing Lanwa/Ejidoganri of the state.
The Speaker, RasaqAtunwa, had earlier read the letter from the governor seeking approval for the procurement of N200 million and N135 million loan facilities from Fidelity Bank and Guaranty Trust Bank, respectively.
The governor had stated: “The loan facilities of N200 million and N135 million from Fidelity Bank and Guaranty Trust Bank respectively are to finance the project of additional monetised vehicles for political officer holders.
“The loan has 39 months and 40 months repayment tenor based on monthly contribution by the beneficiaries and government subsidy.”
The Commissioner for Finance, Mr Ademola Banu, who appeared at the House before the approval was given, explained that the loan was captured in the state’s 2012 budget.
He said the procurement of additional vehicles became imperative in view of the increase in the number of political office holders in the state.
It would be recalled that the governor’s earlier request for N1 billion loan for the purchase of vehicles for political office holders was approved by the Assembly in December 2011.
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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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