Business
…To Prioritise Job Creation Expenditures In 2020 Budget
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed says the Federal Government would prioritise its expenditures to favour major capital expenditures with greater impact in the 2020 budget.
Speaking on the sidelines of an international conference on “Commodities Trading Ecosystem’’ in Abuja, yesterday, Ahmed said the decision followed the recent unfolding global events of coronavirus pandemic and the oil price war.
Ahmed said that only capital expenditures which would create jobs and enhance the ease of doing business in the country would be considered before others.
She said that although the oil sector contributed only nine per cent to the economy, but was a large driver of government revenue and non-oil sector.
“It is a reality call for us that we must develop the non-oil attitude in everything we do.
“It is a time for us to review what we have planned and to priortise expenditure in favour of major capital expenditure that will have greater impact that will create jobs and visibility and also enhance the ease of doing business in our country.
“Any expenditure that are not critical, we must defer to do it at a later time when things become more normal,’’ she said.
The two-day conference with the theme ‘Commodities Trading Ecosystem: Key to Diversifying Nigeria’s Economy’, was organised by the Securities and Exchange Commission (SEC) and attracted financial and capital market stakeholders across the country.
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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
