Business
Local Content: Board Reiterates Support For Indigenous Operators
Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Mr Simbi Wabote, has reiterated the board’s commitment to the development of indigenous operators in Nigeria’s oil and gas sector.
Wabote gave the assurance in an interview with newsmen in Lagos, Thursday against the backdrop of government’s effort at developing local content capacity in the country.
Nigerian Oil and Gas Industry Content Development (NOGICD) Act was signed into law in April 2010 by the former President Goodluck Jonathan.
The Act regulates activities of the Nigerian oil and gas industry for value creation.
According to Wabote, the board will continue to boost the morale of indigenous operators by ensuring that the international oil companies do not undermine their activities in the industry.
“NCDMB was established with a mandate to ensure, among others, in-country manufacture of quality goods and services, encouragement of capacity building initiatives.
“Establishment of investment-friendly environment that will improve on the nation’s reputation ranking amongst the comity of nations,’’ he said.
According to him, the board has always given total support to indigenous operators within Nigeria’s oil and gas space to excel.
“NCDMB remains committed in encouraging Nigerian firms in the oil and gas sector to play key roles in the critical industry to strive.
“We will continue to exploit the opportunities and value retention in-country in the oil industry,’’ Wabote added.
The local content boss, however, commended some oil companies on the level of their investment and in-country capacity over the years.
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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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PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
