Business
MAN Rejects New Electricity Tariff
The Organised Pri
vate Sector (OPS) through the Manufacturers Association of Nigeria (MAN), has kicked against the newly increased electricity tariff by the Nigerian Electricity Regulatory Commission (NERC).
Speaking to newsmen in Lagos on Friday, the President, MAN, Dr Frank Jacobs, said the body has taken NERC to court over the electricity tariff planned to begin on February 1. 2016.
Jacobs said the planned implementation of the new electricity tariff would force some manufacturers out of business, stressing that not all the manufacturers can afford to set up a power plant, as many today are using power from the grid for production together with generators.
The MAN boss said the situation is appalling for manufacturers as the 45 per cent increase in tariff translates into members of the Association closing their companies as many have even been forced out of business in the last 10 years, due to inadequate power supply.
He said despite the removal of fixed charges by the NERC manufacturers are still groaning under huge cost of accessing electricity for production activities.
He called on the NERC for a policy review of the new electricity tariff to save the consumers and the Organised Private Sector (OPS) from unnecessary high tariff and difficulties.
The manufacturers boss said the new tariff would result in loss of jobs by many Nigerians as many companies would be forced out of businesses when the new tariff is implemented.
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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