Business
2015 Budget: Stakeholders Task FG On Strict Compliance
Some Stakeholders in the
Nigerian economy have urged the Federal Government to ensure strict implementation of all measures being put in place in the 2015 budget to stabilise the economy.
The stakeholders have posited that if government could cut down on the allocation to payment of subsidy on kerosene, it would save money for investment in the critical areas of the economy.
In his submission while interacting with The Tide on the state of Nigerian economy and the 2015 budget, Mr Bayo Adewale, who is a staff of the Nigeria Liquefied Natural Gas said that money saved from the payment of subsidy on kerosene should be used to develop the gas industry to replace kerosene infrastructure.
He said that government should encourage manufacturers by encouraging low interest rates for the small and medium scale enterprises.
Adewale noted with confidence that with the continued fall of oil prices, Nigerians would face tougher challenges in 2015, adding that government must come up with some incentives to encourage investors to invest locally.
On his part, Denis Okoro, a lecturer in economics at the Federal University Wukari, said that the 2015 budget as estimated, would encourage local manufacturing as government was shifting from oil revenue to non-oil revenue.
He said that measures being adopted by government would encourage local manufacturing as more energy would be produced and targeted at industrial base of the country.
Corlins Walter
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.”
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