Business
Ogu/Bolo Council Presents N3.5bn Budget
Chairman, Ogu/Bolo Local Government Area, Mr Victor Erasmus, has presented the council’s 2020 Physical Appropriation budget of N 3.5billion to the Ogu/Bolo Legislative Council for consideration and passage.
Presenting the budget on the floor of the Ogu/Bolo Legislative Assembly, the chairman stated that the 2020 Physical Appropriation Budget, tagged ‘Budget of Continuity’ has a total recurrent expenditure of N2.274 billion, while N1.191 billion was proposed as capital expenditure.
Erasmus noted that top on the priority of the capital expenditure is the building of the new legislative block in Ogu, the completion of the Bolo Ultra Modern Market and other human capital development projects, saying “notable among issues on capital expenditure is the new legislative complex in Ogu that would be built soon and the Bolo Market”
According to him, “the 2020 annual appropriation budget will be the Budget of Continuity. I’m going to continue on human capital projects, road infrastructure maintenance, building of markets and other access roads”.
He said despite the challenges in 2019, his administration was not owing salaries as he has an up to-date record in payment of salaries and promised to maintain the feat.
“We promise to maintain our outstanding performances in the payment of salaries allowances based on the available resources. It is our prayer that Covid-19 should give way to surge in economic growth”, he said.
On his part, the leader of the Ogu/Bolo Legislative Assembly, Joachim Yemieari, pledged the continued support of the House to ensure the success of the Victor Erasmus-led administration.
Tonye Nria-Dappa
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
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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