Business
NIPC, NEPC Seal Pact To Boost Investment In Non-Oil Sector
The Nigerian Invest
ment Promotion Commission (NIPC), and the Nigerian Export Promotion Council (NEPC), last week signed a Memorandum of Understanding (MoU) to boost investment in the non-oil sector of the Nigerian economy.
The inter-agency agreement which was signed at the headquarters of the NIPC in Abuja would enable both agencies to enhance the Nigerian Investment Ecosystem to attract more foreign and local direct investments to the non-oil sector of the economy.
The Executive Secretary of NIPC, Mrs Saratu Umar in an interview with newsmen shortly after the signing of the MoU with the Executive Director of NEPC, Mr Segun Awolowo, said within the last three years, the sum of $20 billion had been attracted into various sectors of the economy.
She listed some of the sectors where these investments had been made to include automobile, Sugar and Cement, amongst others.
“We have had about $20 billion investment but right now, we have a pipelines investment of about $ 60 billion and these are in the process of coming in and we hope to ensure that they are actualised to become real investments”, she said.
On the inter agency collaboration, she said it became imperative as the emphasis of the government was to diversify the economy away from oil.
“Nigeria has remained the highest recipient of Foreign Direct Investment (FDI) inflows in Africa, pulling in over10 per cent or over $20 billion of the entire continent’s FDI in the last three years”, she said.
On his part, Awolowo said with the partnership, both organisations would be able to attract investments in vital industries identified by the NEPC in its strategic plan.
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
-
Niger Delta3 days agoDelta To Present Over ?1trn Budget For 2026
-
Politics3 days agoAnambra Guber: I’m Not Impressed, LP Candidate Says …As Observers Lament Vote-buying, Low Voters Turnout
-
Oil & Energy3 days agoOil Demand to Rise Through 2032 as Energy Transition Stalls
-
News3 days agoCleric Harps On Significance Of Thanksgiving
-
News3 days agoAlesa land-owners hail Fubara, Mayor of Housing Over New City Project
-
Maritime3 days agoAPAPA Customs Boss Tasks Stakeholders On Compliance,Test-Run Scanner
-
Niger Delta3 days agoWe’ve Repositioned LG System For Efficienc – Bayelsa D’Gov
-
Politics3 days agoModu Sheriff Disowns Report Accusing Shettima Of Creating Boko Haram
