Business
Recession: Chamber Wants FG To Roll Out Short-Term Programmes
Abuja Chamber of Com
merce and Industry (ACCI) has urged the Federal Government to roll out short-term programmes to check the current economic hardship being faced by Nigerians.
A statement issued in Abuja yesterday by the chamber’s President, Mr Tony Ejinkeonye said that unless measures were taken to check the development, ending it by December may be a mirage.
Ejinkeonye was reacting to the Central Bank of Nigeria (CBN)’s claim that the country’s economic recovery would begin in the last quarter of the year.
“I do not agree that the economy will be out of recession by the end of this year. Government does not have structures on ground to suggest that it will happen.
“I do not think it is going to happen. That means the Federal Government has only one quarter to get us out of the recession that is so deep. We do not believe that. It will take a while.’’
According to him, it takes a minimum of five years for any country to recover from economic recession.
The chamber boss urged the Federal Government to put physical measures in place to demonstrate that the country would be out of recession in the next three months.
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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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