Business
Council Seeks Cottage Industries For Improved Economy
The coordinator of Raw
Materials Research and Development Council (RMRDC) in Edo State, Mr Andrew Oloton, last Sunday called for the establishment of cottage industries in the state in order to boost the economy.
Oloton made the call in an interview with newsmen in Benin.
He said that the establishment of such cottage industries would help to create employment opportunities, improve living standards of the people and generate more revenue for the state government.
”We are encouraging people to go into cottage industry because the rate at which big industries are folding up due to irregular power supply and lack of infrastructure, is alarming. Cottage level industrialisation is the only way to boost business activities in the state”, he said.
When you have many people going into production on a small scale such as fruit juice production, it leads to employment of persons and industrialisation.”
The coordinator also called for clustering of industries to ensure productivity and innovation and competition.
The council is also talking about clustering of industries which is about people doing related and complementing businesses in the same area.
You do not have to wait for one big industry in the name of Edo State Fruit Juice Processing Industry; it doesn’t work like that.
When we have little clusters doing that, at the end of the day, a lot of people will be employed and productivity will increase.”
Oloton urged banks to provide soft loans for small scale businesses, stressing that high interest rate was a problem to the development of such businesses.
He advocated the introduction of tax relief for small business operators in order to encourage the growth of SMEs. incorporation.
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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
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