Business
US Senators Seek To Lift Trade Embargo On Cuba
A group of U.S. sena
tors proposed legislation on Friday to end the over half-century long trade embargo on Cuba.
According to them, the Freedom to Export to Cuba Act would repeal the 1961 trade embargo.
They said that other laws related to the embargo, restricted trade between the U.S. and Cuba, but would leave in place of human rights provisions.
Sen. Amy Klobuchar, who introduced the legislation, said the measure would end an unsuccessful policy that has disadvantaged U.S. businesses and open new markets for U.S. goods.
Presidents Barack Obama and Raul Castro of Cuba moved in December to restore diplomatic relations, which were severed in 1961.
Obama has said over 50 years of U.S. isolation of Cuba had failed to prompt political change on the communist island off the U.S southern coast.
He announced a series of reforms to U.S. policy and talks to normalise diplomatic relations that began in January.
Meanwhile, only Congress could lift the trade embargo.
Obama, however, urged lawmakers to act, but the move faces an uphill battle from vocal opponents of a change to U.S. Policy.
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
