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FG Sets Up Inter-Ministerial Committee On Pension Liability
Minister of Budget and National Planning, Udoma Udo Udoma says President Muhammadu Buhari has approved the constitution of an inter-ministerial committee on pension liability.
Udoma said this in a statement by his Media Adviser, James Akpandem, in Abuja.
Udoma said that the committee would reconcile outstanding pension liabilities and proffer solutions to the lingering problems.
According to him, the Minister of Finance, Mrs Kemi Adeosun, is the chairman of the committee.
“Other members of the committee include a representative of the Secretary to the Government of the Federation, representative of the Head of Service of the Federation and the Accountant General of the Federation.
“Also, Director General of the Budget Office, Director General of PENCOM, and Director General of Pension Transitional Arrangement Directorate (PTAD) who will also act as Secretary.’’
The minister said that committee would review and reconcile all pension liabilities of the Federal Government.
He said it would make recommendations as to what portion of the liabilities can be funded through budgetary appropriations, and suggest creative ways of funding the balance.
In addition, he said that the committee had four weeks to conclude its assignment and report back to the president.
Udoma and Adeosun appeared before the House of Representatives, where they informed members of the approval by the president for the establishment the committee.
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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
