News
Reps Probe Revenue Leakages At Free Trade Zones
The House of Representatives has mandated its Committee on Commerce to investigate the activities of the Free Trade Zones, the Oil and the Gas Free Trade Zones to determine revenue leakages.
The committee is to carry out an analytical overview of the operations of the Nigerian Exporting Processing Free Zone Authority (NEPZA) and Oil and Gas Free Trade Zone Authority (OGFTZA).
The decision was reached on the heels of a motion captioned “Investigation into the Operations and Management of the Export Free Zones Authorities in Nigeria”, moved at plenary by Hon. Ntufam Eta Mbora.
In his motion, Mbora noted that the aims of establishing free trade zones were for the provisions of foreign exchange earnings, job creations, revenue generation, attract direct foreign investment to enhance knowledge, technology transfer, grants, requisite permits and licenses to conduct approved enterprises within the free trade zones, and to regulate, supervise, manage, control and coordinate the activities of free trade zones in the country.
He said that the series of the country’s growth and economic indices have continually slowed down because of over-reliance on the oil sector and deliberate abandonment of the non-oil sectors by successive governments and negligence of trade and commerce.
Mbora said that oil and gas remained a veritable sector to sustain the economy, particularly in the face of dwindling revenue from the oil sector and the Coronavirus pandemic.
“Billions of naira have been expended into the Free Trade Zones and Oil and Gas Free Trade Zone on their establishment and huge budgetary allocations have been provided in the past fifteen years without commensurate result in terms of infrastructural development and achieving the aims for which they were established.
“Since the inception of these Free Trade Zones, given the volume of investments by the Federal Government of Nigeria and the enormous revenues accruing to the operating registered companies in the designated free trade zones which is in the neighbourhood of N300million without proper monitoring, maintenance of proper transfer pricing audit documentation resulting in short-changing the country.
“Inconsistencies and concerted collaborations at the Oil and Gas Free Trade Zones have resulted in numerous shortages and leakages on effective and correct revenue collection, diversion, and non-remittance to appropriate Federal Government agencies”, he said.
Adopting the motion, the House gave the committee six weeks within which to do the assignment and report back for further legislative action.
News
Pharmacy Council Seals 666 Medicine Stores In Kaduna Markets
The Pharmacy Council of Nigeria (PCN), in an enforcement excercise, shut down 666 medicine stores in open drug markets and other locations in Kaduna state .
Addressing newsmen yesterday in Kaduna, the Director Enforcement of the PCN, Stephen Esumobi, said the PCN also carried out the enforcement excercise in Zaria LGA of the state.
At the end of the enforcement which began early in the week, Esumobi said a total of 895 premises were visited.
“ We visited 75 pharmacies, 514 patent medicine shops, 306 other premises .
“The premises sealed included 47 pharmacies, 313 patent medicine shops and 306 illegal medicine shops,” he said.
He explained that the presmises were sealed for offences ranging from sale of medicines in the open drug market, operating without registration with PCN, poor documentation, poor storage facilities, stocking of ethical products without the supervision of a pharmacist.
Esumobi added that other offences were wholesalers engaging in retail activities, non-pharmacists having access to poison cupboards, patent medicine shops engaging in clinical practice and training apprentices among others.
“One major obstacle militating against the quality, safety and efficacy of medicines in Nigeria is the sale of medicines in open drug markets.
“Many medicine shops in the open drug markets and some other locations across the Kaduna state are not registered by the PCN and are operating illegally.
“The storage conditions for medicines in these premises are poor as medicines are stored at temperature and humidity conditions that are at variance with manufacturers recommnendations.
“The implication of this is that most of the medicines sold in these locations may no longer be fit for human consumption due to degradation of the active ingredients.
“Some of the products of degradation of these medicines are harmful thus posing a threat to public health.
“The premises do not have pharmacists to supervise the sale of ethical medicines and other medicines with narrow margin of safety thus exposing consumers to harmful consequences of the wrong use of the medicines,”he said.
Speaking further, the director said most of the medicine dealers engage in the illegal sale of substances of abuse to members of the public, thereby aggravating the social and security challenges emanating from the illicit use of the medicines.
He said the PCN had communicated on many occasions with the relevant stakeholders in open drug markets in Zaria and Kaduna city on the need to relocate to registrable locations or a coordinated wholesale centre as their activities are in total violation of the National Drug Distribution Guidelines.
News
Flood: Food Shortage Hits Maiduguri
There is growing concern over shortage of foodstuff and other commodities in Maiduguri as thousands of residents struggle for survival, aftermath ravaging flood.
The Tide’s source reports that the flood submerged major markets including grain, fruit and vegetable depots in the town, while many shopping complexes and plazas continue to remain closed.
The development had led to shortage of food items making the prices of the few available ones to be high.
“It is difficult to find foodstuff now as all major markets are submerged.
“I can’t operate my restaurant in-spite of pressure from customers, because the foodstuff I stocked have been exhausted,” Hajara Mohammed said.
Other food vendors who attended to customers the previous day, including, Amina Isa, Rhoda Abdullahi and Jummai Mohammed said their stocks had also been exhausted and there was nowhere to restock.
The Tide source reports that the health sector was also affected as a result of the flood that submerged the University of Maiduguri Teaching Hospital and Maiduguri Specialist Hospital.
Already, some residents have started showing concern over possible public health crisis, including outbreaks of cholera, typhoid and other water borne diseases.
They specifically expressed worry over the flood that washed away corpses at the Maiduguri cemetery.
Meanwhile, Gov. Babagana Zulum had gone round some emergency camps to distribute cash to displaced persons as they awaits the arrival of foodstuff.
News
Stop Bullying Nigerians, Seadogs Tells Security Agencies
The National Association of Seadogs (Pyrates Confraternity) has urged security agencies to stop bullying innocent Nigerians, criticising the infringement on fundamental human rights and the undermining of Nigeria’s democratic values.
In a statement by NAS Cap’n, Dr Joseph Oteri, the association expressed concern that despite the current economic challenges and the escalating insecurity in the country, security agencies are compounding the situation by harassing innocent citizens.
Citing the recent arrest of the President of the Nigeria Labour Congress and the terrorism charges against several anti-high cost of living protesters, the association lamented the alarming trend of security agencies using the pretext of combating terrorism to bully law-abiding citizens.
The statement read, “The National Association of Seadogs (Pyrates Confraternity) is deeply troubled by the economic challenges facing Nigerians and the rising insecurity gripping our nation.
“Nigeria, as Africa’s largest economy, is grappling with issues such as high inflation, foreign exchange rate volatility, low productivity, weak governance, and inadequate infrastructure. These challenges not only threaten our growth prospects but also jeopardise stability.
“In addition to these pressing concerns, insecurity in Nigeria is escalating. A recent report by SBM Intelligence revealing 7,568 kidnappings in 1,130 incidents between July 2023 and June 2024 highlights the growing insecurity affecting our country.
“Amid these alarming circumstances, where Nigerians are
already suffering from economic hardships and living in fear due to rising insecurity, it is disheartening to witness security agencies bullying innocent citizens under the guise of counter-terrorism.”
The NAS Cap’n further stated that such heavy-handed tactics violate fundamental human rights and erode the trust between citizens and the security forces tasked with their protection.
He added, “The National Association of Seadogs (Pyrates Confraternity) unequivocally condemns these actions by security agencies that trample on basic human rights and undermine democratic principles.”
The association called for a thorough investigation into the persecution of innocent Nigerians, stressing that the country’s democracy is founded on fairness, justice, and equality before the law.
“It is incumbent upon all relevant authorities at federal, state, and local levels to ensure that those responsible for violating the rights of Nigerian citizens are held accountable within Nigerian laws and international human rights standards.
“We urge all stakeholders, including government bodies, civil society organisations, religious leaders, and the media, to collaborate in finding lasting solutions to improve the safety and well-being of our fellow citizens.
“We must unite to condemn the bullying of innocent Nigerians and give them a voice. They do not deserve the injustices inflicted upon them, especially in these times when many families are struggling with harsh economic realities and pervasive insecurity across the country. We must stand together to ensure such injustices are not tolerated in our society,” he concluded.
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