Business
‘Promotion Of Local Content, Key To Economic Stability’
Initiative for Leadership Development and Change (ILDC) last Saturday said promotion of local content would guarantee self sufficiency and economic stability in Nigeria.
The National Coordinator of the initiative Chief Ugochukwu Nnam,told newsmen in Abuja.
Nnam said that the production and utilisation of Nigerian made goods and services was capable of eliminating over dependence on importation.
The coordinator called on Nigerians, especially leadership at all levels, to support President Muhammadu Buhari’s policy on local content.
Nnam regretted that over dependence on foreign goods and services was partly responsible for the country’s stunted economic growth.
According to him, this is the time for all of us to stand up to promote our home-made goods no matter the challenges.
He said countries like China achieved economic growth because of its investments in the growth of local content.
He also commended the just concluded 2018 Expo Science and Technology Expo organised by Ministry of Science and Technology.
“When we appreciate and patronise our home made goods, certainly we are boosting our economy and our exports will increase.
“That will also boost our exchange rate hence the economy is made viable,” he explained.
Also speaking, the Deputy National coordinator of the group, Mr Onyekachi Ebere-Njoku, expressed confidence in the ability of the Buhari-led administration to restructure the economy.
Njoku said that the only way out of the over dependence syndrome was to embrace Nigerian made goods.
He noted that Nigeria had made giant strides under the present administration in local content, especially in agriculture.
“Today we can export millions of bags of rice and tubers of yam indicating that the economy is productive unlike before.”
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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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