Business
FG Designates Ebonyi As Export Processing Zone
The Federal Government has designated Ebonyi State as one of Nigeria’s Export Processing Zones.
For the speedy take-off, the Ebonyi State Government has allocated a parcel of land to the Nigeria Export Processing Zone Authority (NEPZA) for the project.
Ebonyi State Governor, Dave Umahi, who handed over the allocation letter to the Managing Director of the Authority, Prof. Adosoji Adasugba in Abakaliki, yesterday, expressed the hope that the project would stimulate growth and create employments.
The governor who was represented by his deputy, Dr Kelechi Igwe, said his administration was in a hurry to develop the state and ready to explore available opportunities.
He appealed to the Federal Government to expedite actions on the project for the benefit of the people.
”We hope that the project when completed will stimulate the economy of the state and generate employments for our youths,” Umahi said.
Earlier, Adesugba had explained that NEPZA was saddled with the responsibility to establish, licence, regulate and operate highly efficient free zones by providing a highly competitive incentive scheme, excellent support facilities and service.
He added that the authority was committed to creating an enabling environment for export, manufacturing and other commercial activities to thrive.
He said NEPZA was attracted to Ebonyi by the member representing Abakaliki /Izzi Federal Constituency in the House of Representatives, Chief Sylvester Ogbaga, and commended the zeal so far shown by Ebonyi State Government to embrace it.
”The export processing zone will engender economic growth and enhance export, manufacturing, economic and commercial activities in the state.
”We are hopeful that the state will maximise fully the economic potential that will open up by the NEPZA ,” Adasugba said.
In his remarks, Ogbaga said efforts would be made to capture the project in the 2021 budget to ensure speedy completion.
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
