Business
Stakeholder Urges NASS To Pass PIB, Now
The Group Managing Director, Rainoil Nigeria Limited, Dr Gabriel Ogbechie, has advised the National Assembly (NASS) to expedite action on the passage of the Petroleum Industry Bill (PIB).
PIB is a bill to establish the legal and regulatory authorities for the Nigerian Petroleum Industry.
Ogbechie told newsmen in Lagos that the non-passage of the bill was making mockery of the industry and the country as a whole.
He said the country was losing billions of naira in terms of investment diversion to other African countries like Angola and Ghana.
“The industry definitely needs PIB to give it a framework for those of us who work in oil and gas industry.
“It is quite unfortunate that the bill has been with the National Assembly for more than 10 years but due to politics and vested interest, it has not been passed.
“I remember in early 2015, I told my people in the sector that the bill will not be passed, now two years after this administration the bill still remains with them.
“I will not be surprised if at the end of this administration the bill will still remain in the National Assembly.
“I do not know what is delaying the passage now that the bill has been broken into different segments.
“This bill is the hope of investment in the oil and gas sector, we appeal to our legislators to pass it”, he said.
Recall that on November 2, 2016, the PIB passed the second reading at the Senate and was referred to the committee on petroleum led by Tayo Alasoadura from Ondo Central, after it passed the second reading.
The committee was expected to perfect the legislative work on the first bill in the petroleum sector.
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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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
