Business
Minister Lists SMEs Benefits
The Minister of Information, Mr Labaran Maku, said on Tuesday that Small and Medium Enterprises (SMEs) were the foundation and backbone of every strong economy.
Maku said in Jos that the Federal Government was committed to a strong base for SMEs in its efforts to strengthen the economy and make more Nigerians more self-reliant.
The minister spoke when he led the national good governance tour to inspect the Technology Incubation Centre, Bukuru.
He said the centre represented an institutional mechanism for research and development, adding that it was integrated by the Federal Government to support budding entrepreneurs in the development of new technology-based firms.
“This institution helps in value re-orientation by creating the attitude toward personal initiation, creative innovation, risk taking and entrepreneurship,’’ he said.
He said that the SMEs had continued to create jobs that had empowered many youths.
The minister later inspected the activities of 15 entrepreneurs some of which specialised on food processing, fabrication, metal work, leather work and solid minerals processing.
Others were concerned with school chalks as well as Plaster of Paris (POP) used by medics.
We observed that the products were carried out using locally machines invented by some of the entrepreneurs.
Mr Dashe, the centre manager, in a speech, said that the centre had admitted 15 entrepreneurs with viable businesses, and had manufactured 36 new products while creating 81 direct job opportunities.
Our correspondent reports that the centre was established in 2007 to commercialise research and development.
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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