Business
FG Set To Buy One Million Prepaid Meters
President Goodluck Jonathan has approved funds for the procurement of one million prepaid electricity meters.
This is coming as the Federal Government last week shifted its earlier target of generating 6,000 megawatts of electricity before the end of 2014 to 2015.
Addressing the complaints of power consumers and Civil Society Organizations during a town hall meeting in Abuja, the Minister of Power, Prof Chinedo Nebo, said the private sector owners of the electricity distribution companies inherited a lot of customers who had no meters.
He said the private sector inherited a customer base in which 50 per cent do not have meters.
According to him, this has resulted to a plan by the ministry through the presidency to issue meters with the funding of over the one million meters.
Asked to state when Nigerians would start seeing the meters, Nebo said “the fact is that the funding has been approved by Mr President and the funds will be released very soon”.
He said the meters were being procured even as he said it would be possible in few couple of months because the mechanism still needed to be developed on how they would be shared to the Discos.
Nebo said the Discos would distribute and install the meters and everything is being worked out.
According to him, some people may not be happy to give out meters but the government think consumers must be given meters even as he said the panacea to the incidence of estimated billing was the provision of meters.
The Minister said that the ministry was working with security agencies to address the issue of vandalism as the government views it as sabotage.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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