Business
Ondo To Invest N2.5bn On Omotoso Industrial Park
The Ondo State Com
missioner for Commerce and Industry, Mrs Adenike Ademujimi, has said that the state government would invest N2.5 billion in Omotosho Industrial Park this year.
Ademujimi made the disclosure in an interview with newsmen in Akure.
She said that the planned investment was in line with the determination of Governor Olusegun Mimiko’s administration to industrialise the state.
The commissioner said the state government would provide the needed infrastructure in the industrial park.
“We have allocated vast portions of land to prospective investors at the park.
“This year, we are going to work assiduously and provide all the needful to ensure the successful take-off of this investment project.
“To fulfil his promise of ensuring industrial revolution in the state, the governor has earmarked N2.5 billion as investable fund in Omotoso Industrial Park,” she said.
Ademujimi said that the 530 megawatts Omotoso Power Station Phase II which was inaugurated by President Goodluck Jonathan last year, would boost the state’s industrialisation plan.
The commissioner told our correspondent that some foreign companies had signified interest in investing in the state.
“We have various investors from China and other countries that have submitted proposals to the ministry for consideration,” she added.
Ademujimi noted that the country had relied on her oil wealth for long and neglected other sectors of the economy, saying that there was urgent need for a rethink.
“We have allowed the emergence of oil to weaken other sectors of our economy and this is now posing great challenges to the polity.
“So, we need to reorganise and look at other areas to save our country from the impending doom of dry of oil wells,” she said.
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
NCDMB Council, Mgt Seek Improvements In Corporate Governance, Performance
