Business
IPMAN Seeks New Laws On Electricity Conservation
The Independent Petro
leum Marketers Association of Nigeria (IPMAN) on Monday, urged the Federal Government to enact laws that would enhance utilisation of power-saving technology and moderate electricity wastage.
IPMAN Director of Operations, Mike Osatuyi, made the appeal in an interview with newsmen in Lagos.
Osatuyi said that the nation’s epileptic power supply had made it imperative for government to ensure effective electricity utilisation and energy conservation.
According to him, there is need for the government to enact a law to checkmate electricity wastage following the nation’s high demand for power supply.
He said that his company was ready to partner with government agencies to provide the technology and technologists, equipped with technical know-how in energy conservation techniques.
The director of operations also said that power saving technology would reduce pressure on generation and eliminate the burden of huge investments on more generating plants by government.
He emphasised the need to create an influential state structure for policy realisation in power efficiency and also monitor the activities of the private investors in power sector.
“It is important for the Nigerian government to task the ministry of power to map out the strategy towards carrying out research and development on creation of power saving equipment and technologies, to realise pilot saving and power effective projects.
“Research findings showed that the use of power saving technologies in light engineering could be very profitable, about 19 per cent of all electric power consumed in the world is spent on illumination.
“At the same time, it is realised that 85 per cent of systems of illumination used in today’s world is inefficient; it is possible to save as much as 40 per cent power which will translate into huge financial savings for Nigeria up to the tune of billions of naira.
“This will bring modern trends, which are highly economical to be enforced, so that Nigeria can save billions of naira per year through power savings.
“Apart from the huge financial benefits, modern and energy-saving lighting technologies or techniques will reduce negative influence on ecology and 40 per cent of the electric power consumed by the light equipment.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford