Business
Bizman Seeks Conversion Of Gas Flaring In Nigeria
The need for the Fed
eral Government to put an end to gas flaring in the country has again been stressed.
The Manager of Omiete Oil Company, Port Harcourt, Chief Tamunoemi Omiete Braide, stressed the need while fielding questions from Journalists after a public function in Port Harcourt over the weekend.
Braide, a business magnet said the Federal Government should intensify all efforts in converting the gas that was being flared to domestic use which is also in high demand in the country.
He said most countries in the world depended on gas for all kinds of domestic use, and called on the government, multi-national companies as well as environmentalists to design a blue print that would eventually put an end to gas flaring at all cost.
The manager disclosed that the Federal Government lost about N289.60 billion annually to gas flaring, stressing that the money wasted could also help improve the economy of the nation.
According to him, the Federal Government should take proactive steps towards putting an end to this economic waste, and that the Federal Government should harness the economic potentials of the gas reserves by either encouraging private investors to have interest in the domestic gas project.
He reiterated that the dwindling fortunes of the economy could improve tremendously if government proffers solutions to this problem, pointing out that it would also help the power sector reforms and other critical areas of the economy if well harnessed.
According to him, “If government adhered to this clarion call, I am optimistic that more jobs will be created, more human and capital developments including infrastructures would be improved upon” adding that time has come for the Federal Government to enforce the terminal date on gas flaring and convert them to improve the epileptic power supply in the country as well as improve the use of gas for domestic activities.
Statistics have shown that Federal Government losses about N289.6 billion annually to gas flaring last year from the 1.4 billion cubic feet of gas flared by multinational companies daily, and that is why Federal Government should look into this sector critically for the interest of the nation.
Collins Barasimeye
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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