Business
NAFDAC Nabs Bakers For Illegal Bread Production

The National Agency for Food and Drug Administration and Control NAFDAC, has arrested 10 persons for producing bread illegally in Rivers State.
The agency said the victims were arrested for not having NAFDAC approved registration numbers to produce bread, describing the act and the products as fake.
Addressing newsmen shortly after the raiding of bakeries located along Rumuokoro and Rukpokwu axis in Obio/Akpor Local Government Area last Wednesday, State Coordintor, NAFDAC, Mrs. Chinelo Ejeh said the Agency is poised to seal all unapproved bakeries and confiscate its products in the state.
Although the agency declined making the names of arrested bakers public including their company names.
Ejeh said, NAFDAC is determined to sanitise the state free from fake and unapproved bakeries, and illegal products to save the lives of consumers.
“We want to ensure that only good and quality products are sold for public consumption, as we monitor all our regulatory products,” Ejeh said.
The Coordinator said the agency carry out periodic raids to create awareness to illegal producers of fake products across the state
According to Ejeh, “every day NAFDAC officers go to the field for rountine inspection, monitoring of facilities to ensure that good and quality products are produced and sold to the public as to ascertain it’s standard”
She appealed to illegal producers of fake bread and other products to desist henceforth or face the wrath of the agency when arrested.
NAFDAC, Ejeh said is looking out for breads with Potassium Bromate and those selling unregistered products.
The Coordinator also frowned that most of the bakeries have not undergone their laboratory analysis to ascertain their quality and standard
Mrs Ejeh insisted that the ten suspects would be sanctioned for violating the agency law, as they would be a lesson to others.
Describing the raid as a bigger version of what NAFDAC does every day, Ejeh said the agency also carry out surveillance and investigation of illegal premises where fake products are being produced and sold without NAFDAC approved registration numbers.
She appealed to resident of the state to always reports fake and unapproved breads, to the agency for arrest and prosecution.
Chinedu Wosu
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Business3 days ago
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs
-
Sports1 day ago
Umuahia Hosts Africa Para- Badminton Championship
-
Oil & Energy3 days ago
Afam 2 Power Plant Adds 160MW To National Grid, says Sahara Group
-
Rivers3 days ago
Youth Leader Lauds Tinubu, Over Ogoni oil Dispute
-
News3 days ago
Shettima departs New York for Germany after UNGA engagement
-
Niger Delta1 day ago
GoG Crucial To Bayelsa’s Dev, Growth – Diri
-
Maritime4 days ago
Blue Economy: FG Targets Lower Logistic Costs, Trade Competitiveness
-
News3 days ago
Dangote Refinery: PENGASSAN declares nationwide strike, Today