Business
Oil Sector Stablility Excites Buhari, NNPC
The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr Maikati Baru, yesterday briefed President Muhammadu Buhari on the activities of the corporation and its subsidiaries.
Addressing State House correspondents after a closed door meeting with the president in the Presidential Villa, Abuja, Baru said he briefed the Buhari on the relative stability in the nation’s oil and gas sector in recent time.
The NNPC boss said that he informed the president on the situation of fuel supply across the country, crude oil and gas productions as well as the corporation’s ability to supply gas to the power sector.
He said the president expressed delight over the reported stability in the oil and gas sector.
“I briefed Mr President on the state of the NNPC and its subsidiaries and also nationally to get him briefed on the situation of fuel supply, crude oil productions, gas production and by extension, ability to supply gas to the power sector.
“We had an extensive briefing as you could see; I passed here over two hours. I spent quite some time with him to discuss these national issues.
“He was happy with the state of the corporation and told us to continue with the efforts that we are doing and if we need any executive attention we should not hesitate to come back to him.
Baru disclosed that following the peace and stability being enjoyed in the nation’s oil and gas sector, the nation as at yesterday morning had recorded two million barrels of crude oil production.
He said the NNPC had no plan to increase the prices of its products as being speculated.
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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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