Business
Nigeria To Save $1.3bn Eliminating Fake Products – UN
The United Nations Environment Programme has said Nigeria is going to save about $1.3bn annually by stopping the use of air conditioners and refrigerators with energy efficiency ratios that are below globally acceptable Minimum Energy Performance Standards.
Disclosing this in its latest report titled, “Project Overview of Scaling-Up Energy-Efficient and Climate-Friendly Cooling in Nigeria’s Nationally Determined Contribution Revision”, the Programme Management Officer, UNEP, Brian Holuj, explained that the attainment of Nigeria’s NDC with respect to energy efficiency, would impact greatly on the country’s energy savings.
In the preliminary analysis of potential impacts of room air conditioners, with respect to the MEPS in Nigeria, the report forecast indicated that by 2040, electricity consumption by ACs would increase by 590 per cent.
It, however, stated that “basic policies can decrease this electricity demand growth to 410 per cent. Stringent policies can decrease this electricity demand growth to 275 per cent.”
The report continued that “Annual savings in 2040 is 12TWh (12 Terawatts-hour, that is 12,000,000 megawatts-hour) of electricity consumption, which is equivalent to five-plus power stations of 500MW each; 7.5 million tonnes of CO2; and $1.3 billion on electricity bills.”
It stated that the objectives energy-efficient and climate-friendly cooling project was to conduct a market assessment on air conditioners and leverage existing data, recommend monitoring, verification and enforcement protocols, and conduct an awareness campaign for vendors and consumers.
“It is to update AC MEPS and energy labels to enhance energy efficiency and address refrigerant global warming potential, provide capacity building to strengthen compliance, train technicians on energy-efficient and climate-friendly room ACs, and recommend cooling targets in the Nationally Determined Contribution to the Paris Climate Agreement”, it stated.
The report outlined that key components to transform the AC market to include the sales of energy efficiency of products in the market, financial incentives support adoption of the best products, monitor the market, test to verify compliance, and enforce rules.
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.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
-
Featured3 days ago
Fubara Frowns At Slow Pace Of Ndele–Omofo–Egmini–Agba-Ndele Road Project ….Says Contract May Be Reviewed
-
Nation1 day ago
HMSPR Oil, NCDMB, NIMASA, Stakeholders Praise Tamrose for Phenomenal Growth, Exemplary Local Content Capacity Building and Financial Fidelity …Pledge Increased Financial and Institutional Support for Indigenous Companies
-
Education12 hours agoTest
