Business
Chamber Urges Manufacturers To Embrace Govt Policies
The Nigerian-American Chamber of Commerce (NACC) has called on small and medium scale manufacturers to take advantage of government policies to boost their businesses.
President of the chamber, Mr. Sam Ohuabunwa gave the advice while speaking with reporters in Lagos recently.
Ohuabunwa said that most small and medium scale businesses complained of lack of access to funds and other problems, but ignored the policies that could assist them to grow their businesses.
“The only challenge is that most of our small scale business owners don’t bother to study government policies that could be of help to them,” he said.
According to him, the Nigeria Industrial Revolution Plan, for instance, has a lot of benefits that small businesses can exploit.
He said that small businesses should be able to export some of their products in cases where the nation has comparative advantage over others.
“With all the Iroko trees we have in the country, we shouldn’t be importing toothpicks.
“We have the capability to produce and package our products and the small scale manufacturers, which are beginning to spring up, should key into it,” he said.
Ohuabunwa urged manufacturers to work on better packaging of their products to make them acceptable internationally.
He said that the equity loans earmarked for its members to assist them in accessing finance would soon be disbursed.
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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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
