Business
Privatisation, Only Option To Grow Nigeria’s Economy – Reps
The House of Representatives Committee on Privatisation and Commercialisation, says the Privatisation of the Federal Government-owned entities, companies and properties is the only best options to drive the nation’s economy and boost revenue generation.
The House insisted that the private sector is better placed to do better things that the Federal Government finds difficult to do well.
Vice Chairman, House Committee on Privatisation and Commercialisation, Hon Victor KoladeAkinjo, disclosed this in Port Harcourt during the committee’s tour of facilities at the Rivers Port Complex as part of its constitutional oversight function.
Hon Akinjo said the Port Complex tour was in furtherance to its legislative responsibility to oversee entities owned by the Federal Government and make recommendations where necessary.
The federal lawmaker who represents Ilaje South, Ondo State said “the Committee is here to check how the entities are doing, how the operators are doing and how the regulators are also doing”
The nine-man committee who visited facilities at the Ports and Terminal Operators Limited ( PTOL) and BUA Ports and Terminals Limited said they were satisfied with the level of transformation in the Complex.
“We have seen the functionality and efficacy in the meetings with the stakeholders and operators, we have noticed the improvement in the terminals, from when it was taken over to the present day”, he said.
The chairman assured the regulators and operators that the committee would address some of the bottlenecks noticed in the sector.
By: Chinedu Wosu
Business
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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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