Business
RMAFAC Partners MDAs On Gas Sector Dev
The Revenue
Mobilisation Allocation and Fiscal Commission (RMAFC) says it would collaborate with Ministries, Department and Agencies (MDAs) to fast-track the development of gas sector.
This is contained in the latest quarterly publication of the commission tagged “Fiscal Monitor’’, a copy of which was obtained by The Tide in Abuja recently.
The publication noted that there was need to provide enough gas to support power since the country’s power sector had been privatised.
According to the publication, failure to develop the sector will lead to failed service delivery as the new power generating companies will find it difficult to generate power.
“Now that we have privatised power, we really need to provide enough gas to support the power.
“If we do not develop the gas sector, those new power generating companies will find it difficult to generate power.
“So, we as part of government, is collaborating with relevant MDAs to fast track development of the gas sector,’’ the publication stated.
The document, however, noted that the attainment of functional power, effective security and transportation systems, were necessary condition for economic diversification.
It stressed that no sector would thrive in an unsecured environment, adding that when there is enabling infrastructure investors will utilise such opportunity and invest in the country.
The publication further said that lip service was not enough to provide services, but matching words with action.
“If you do not have basic infrastructure nobody is coming to invest.
“Power is critical, security and transportation is necessary condition for diversification; next is incentive from government,’’ it said.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
