Business
Council Lauds Attainment Of Port Regulator Status
The Port Consultative Council (PCC) has said that the Nigerian port industry recorded an achievement of having an economic regulator, which was not in existence before.
The President of the Council, Chief Kunle Folarin, said this in an interview with The Tide source in Lagos, on Friday.
Folarin also said that the introduction of port concession had changed the mode of operations of the Nigerian Ports Authority (NPA).
“In 2014 the Federal Minister of Transport appointed the Nigerian Shippers Council (NSC) as the Economic Regulator in the port industry which was not there before.
“We are following up events on this; we are looking at the feedback of that particular policy.
“We were able to x-ray it and share the opinion of stakeholders with the agency designated to manage this particular issue.
“So, port regulation is current; it’s very strategic for the industry and, therefore, our attention was focused on that.
“After concessioning, the NPA changed its status from being an active operator to becoming a landlord model operator.
“Therefore, infrastructure, which is a major plank of their responsibility and mandate, was also revisited.
“Particularly bringing about the issue that they need to look at port expansion, to bring about a master plan for the development of port industry and ports in general,” Folarin said.
He said that the council realised that the issue of port charges had become controversial among the key players in the maritime industry, mostly shippers.
Folarin said that there was the need to look at what had been thrown up over the years on port charges and see how competitive the Nigerian ports would be.
He, however, said that the issue would make Nigerian ports the preferred destination and accord the ports the hub status in the West African sub-region.
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
