Business
Brazzaville Hosts Forum On Electricity
A forum on investment in electricity in Central Africa has started on Monday in Brazzaville, with the aim of forging a partnership among key stakeholders in the sector in the sub-region.
Poor electricity supply in Africa, which accounts for only three per cent of global consumption, is a hindrance to economic development in the continent.
If the current trend continues, sub-Saharan Africa will be home to half of the world’s population without electricity in 2050.
Central Africa, with a population of 120 million inhabitants, has a low rate of electrification, even though it has potentials to produce 144,000 megawatts, about 57 per cent of Africa’s electricity potential.
Faced with this situation, Member States of the Central African Power Pool (CAPP) decided to reverse the trend.
The forum, tagged ‘Electrical 2011’ is part of the CAPP 2004-2011 Action Plan adopted in May 2004 in Malabo, Equatorial Guinea, by the Council of Energy Ministers of the CAPP.
It reflects the political will of Member States to promote the electricity sector in Central Africa.
The President of the Council of Ministers of the CAPP, Leopold Fatran, expressed confidence that the forum would lead to funding and partnership agreements among project sponsors, donors and business operators.
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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
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
