Business
World Bank Advises Investment In Resilient Infrastructure
The World Bank says low and middle-income countries need to invest in more resilient infrastructure to reap a net benefit on average of 4.2 trillion dollars.
It said this in a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) released in Washington D.C, yesterday.
The report also said that the countries would earn four dollars in benefit for each one dollar invested in infrastructure.
The report is titled; “Lifelines: The Resilient Infrastructure Opportunity” and it lays out a framework for understanding infrastructure resilience.
Infrastructure resilient is the ability of infrastructure systems to function and meet users’ needs during and after a natural hazard.
The report examined four essential infrastructure systems; power, water and sanitation, transport and telecommunications.
It said that making these infrastructure more resilient was critical, not only to avoid costly repairs but also to minimise the wide-ranging consequences of natural disasters for the livelihoods and well-being of people.
“Outages or disruptions to power, water, communication and transport affect the productivity of firms, the incomes and jobs they provide.
“It also directly impacts people’s quality of life, making it impossible for children to go to school or study and contributing to the spread of water-borne diseases like cholera.”
It also said that making them more resilient and better able to deliver the services people and firms need during and after natural shocks was critical.
“In low and middle-income countries, designs for more resilient assets in the power, water and sanitation and transport sectors would cost between 11 billion and 65 billion dollars a year by 2030, an incremental cost of around three per cent compared with overall investment needs.”
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
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.”
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