Business
Minister Urges Nigerians To Patronise Local Products
The Minister of Trade and Investment, Dr Olusegun Aganga, has urged Nigerians to patronise local products to boost rapid industrialisation.
Aganga, who gave the advice in an interview with The Tide source in Ota, stressed the need for people to change their mentality about made in Nigeria products.
“ The more Nigerians purchased imported goods, the more they are creating poverty because this would increase the nation’s unemployment rate.’’
Aganga noted that when Nigerians buy locally made products, they were indirectly creating employment which is good for the economy.
He said the Federal Government had been promoting local content especially in the automobile industry.
Aganga said government was working on how average Nigerians could benefit from inclusive growth by focusing on labour intensive sector.
He added that government had also intensified efforts to stimulate the agricultural sector since it was the major employer of labour.
“We are making the Small and Medium Enterprises (SME) to be active by providing single digit interest rate to create job for an average Nigerian’’, he said.
Aganga said that the government had built strong institutions to tackle corruption and to attract more direct foreign investment into the country.
He stressed that the number of industries coming into the country had increased in spite of various challenges.
Aganga said Nigeria, being the largest economy in African, was attracting more investors into the country to do business.
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
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