Business
Finance Director Calls For Restrategising Of Economy
The Executive Direc
tor, Finance and Accounts, Federal Road Maintenance Agency, (FERMA) Taiwo Ladipo has called on both state and Federal Governments to restrategise on their economic policies, taking into account the current monetary challenges in the country.
He said that the call has become necessary with the reduction of oil revenue, insecurity, weakening of naira and decline in foreign reserves.
Ladipo, who made the call at the National Treasury Workshop, organized by the office of the Accountant-General of the federation in Abuja said that time has come for government to change tactics in the running of the economy, so as to overcome current challenges.
He said that there is need for the government to merge MDAs with overlapping functions in order to cut cost, and that the Bureau for Public Partnership (BPP) should be encouraged to compile a list of pricing that all MDAs must adhere to.
“Importation of goods that can be produced locally should be discouraged. Also, the Federal Government should eliminate waivers given to certain corporations on importation.
“Tax administration in the country needs to be improved and leakages of revenue generated should be curbed also in the country”, he said.
He also called for the reduction of recurrent expenditure in the country, pointing out that about 80 per cent of government’s revenue was spent on recurrent, rather than on capital expenditure.
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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth

