Business
Geologist Tasks FG On Economic Diversification
An Emeritus Professor of Geology, Sylvester Adegoke, has advised the Federal Government to explore more non-oil mineral resources to enhance the growth of the economy.
Adegoke told The Tide source in Lagos, Thursday, that exploration of more non-oil resources would boost the economy by increasing the revenue base.
According to the octogenarian professor, there are some states with mineral resources that are yet to be tapped because less or no attention is given to them.
“Exploration is ongoing in the Chad basin, we did some study before and other study to discover oil.
“We have to systematically study it, although it may take long or few years time, if we are lucky.
“Government should reorganise the sector and put all machinery in place with professionals to explore more mineral resources.
“The present administration made it clear that diversification is their focal point, so we need to identify and explore more mineral resources to boost the economy,’’ he said.
He said that Nigeria was endowed with different kinds of mineral resources waiting to be explored.
Adegoke stressed the need to diversify the revenue base, by exploring other mineral resources to develop the economy.
“Discovering minerals is not an easy job, the present government is really trying to focus on it,’’ he said.
Adegoke, who is also a national award winner on intellectual development, lauded the current administration in its efforts to revamp the economy.
Business
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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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