Business
States IGR Hit N682.7 bn In 2015 – NBS
The 36 states in the
country generated about N682.7 billion as Internally Generated Revenue (IGR) in 2015 fiscal year.
This is contained in a report released by the National Bureau of Statistics in Abuja on Friday.
An analysis of the report showed that Lagos state generated the highest IGR of N268.2 billion, followed by Rivers state with N82.1 billion and Delta with N40.8 billion.
It showed the states with the lowest IGR in 2015 as Ebonyi state with zero IGR followed by Yobe state with N2.2 billion and Zamfara with N2.7 billion.
The report also showed that the overall IGR of states had dropped by N25.18 billion from N707.9 billion in 2014 to N682.67 billion in 2015.
The report showed that while some states recorded a decline in revenue when compared to 2014, others were able to shore up their revenue base within the 2015 fiscal period.
The report also showed that 11 states were able to shore up their revenue within the period while 24 recorded a decline in revenue performance.
The 11 states that were able to shore up their revenue according to the report are Ogun state from N17.49 billion to N34.59 billion, Abia from N12.3 billion to N13.4 billion, Anambra from N10.4 billion to N14.79 billion.
Bauchi from N4.85 billion to N5.39 billion, Borno from N2.76 billion to N3.53 billion, Edo from N17 billion to N19.1 billion, Kogi N6.5 billion to N6.7 billion and Nasarawa from N4.08 billion to N4.28 billion.
The rest are Niger from N5.73 billion to N5.97 billion, Sokoto N5.6 billion to N6.2 billion and Taraba from N3.79 billion to N4.15 billion.
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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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