Business
Manufacturers Want Reform In Iron, Steel Sector
Worried by the continued delay of operations at the nation’s ports, manufacturers and employers of labour in the iron and steel sector have called on the federal government to consider a major reform that will guarantee efficiency and aid development.
They have also expressed concern over dwindling power supply in the country, saying this, coupled with the inadequacy of infrastructure, has led to the closure of over 200 companies in the last one year.
The economic consequence of this malaise, noted Kunle Obadina, chairman, Association of Metal Products, Iron and Steel Employers of Nigeria (AMPISEN), an affiliate of Nigeria Employer’s Consultative Association (NECA), is that many Nigerian companies are relocating to neighbouring West African countries, including Ghana, where the operating environment is much move favourable.
While speaking with The Tide at the association’s Annual General Meeting (AGM) in Lagos, Thursday, Obadina decried “heavy losses” incurred by manufacturers who have to import machines and associated materials through the ports for their production, lamenting the attendant demurrage charges.
He also frowned at the deplorable condition of roads across the country, describing it as another major impediment to economic development.
According to him, “what Nigeria is losing as a result of all these is enormous,” even as he listed skill transfer, unemployment, loss of taxable money, among others as fallouts of the development.
Commenting specifically on roads, he advised that government should concession a strategic road like the Apapa-Oshodi Expressway in Lagos to private concerns on a Build Manage and Transfer (BMT) agreement, rather than allow it to slip into total disrepair, with attendant dire economic and social consequences.

An oil tanker loading petroleum products for export
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.”
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