Business
Unionist Tasks N’Delta On PIGB
States from the Niger Delta region have been called upon to take advantage of the divestment aspect of the Petroleum Industry Governance Bill (PIGB).
Making the call in Port Harcourt recently, while speaking to newsmen, the former Chairman of Trade Union Congress (TUC) in Rivers State, Comrade Chika Onuegbu, urged indigenes of the region to work toward owning shares in the petroleum industry.
According to him, Eleme communities were deriving huge dividends from Indorama Eleme Petrochemicals Company as co-owners of the outfit.
“For the bill proposed that government assets in NNPC will be divested, I expect the Niger Delta people to begin routing for ownership as we have in Indorama”, he said.
He explained that Eleme was given 7.5 per cent which would enable them receive about N3 billion as dividend per annum.
Onuegbu emphasised that waiting for the host community fund, the people should intensify efforts towards taking up share from government divestment in the oil companies.
He further advised people of the region to work in partnership with other ethnic groups in the country to ensure the passage of the PIGB bill.
“I expect the Niger Delta people to come together and network along with others to ensure that their interest is protected.
“They should also work to ensure that the host community aspect of the PIGB is passed into law,” he said.
He also called for the use of Eleme Petrochemical Company model in the divestment of the NNPC.
On the passage of the PIGB bill, Onuegbu emphasized that it would impact positively on Nigerians if the institutions and agencies in the oil industry are operated efficiently.
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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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