Business
Youth Employment: FG Targets 43 Free Trade Zones
The Federal Government says it will create more opportunities for youth employment as a means of checking youth restiveness and other vices in the country.
Managing Director, Nigeria Export Processing Zones Authority, Prof. Adesoji Adesugba, who gave the assurance while speaking in Lagos during a breakfast forum tagged, “Non-Oil Exports: Situation Report and Way Forward”, organised by the Nigerian-American Chamber of Commerce, said it was part of the Federal Government’s commitment toward ensuring eligible Nigerians were gainfully employed across the country.
According to Prof. Adesugba, part of measures put in place to achieve this, will be the creation of 43 Free Trade Zones across the nation.
He explained that the trade zones would create employment opportunities and reduce youth restiveness in Nigeria. This, he stated, will ensure that the younger generations contributed meaningful to nation building.
“The free trade zone as well as special economic zones provide the panacea to reinvigorate the non-oil sector in the face of dwindling and unstable revenue from oil, rising demand from foreign exchange, insecurity, external debt, etc”.
Adesugba, who was represented by an Assistant Director in the agency, Mr Augustine Onyekwelu, noted that, “in these trying times of youth restiveness, the free trade zone is a veritable tool to tackle the problem of unemployment in addition to improving exports of non-oil products”.
Also speaking, President of the Chamber, Dame Adebola Williams, expressed concerns bordering on the over-dependence on crude oil exports by Nigeria.
She, therefore, urged the federal government to give diversification of the nation’s economy more priority.
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.”
Business
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