Connect with us

BIG STORY

Coronavirus Pandemic Could Lead To Global Condom Shortage, Our Storage Can Only Last Two Months — World’s Biggest Condom Producer

Published

on

The Malaysia based company said it has not produced a single condom from its three Malaysian factories for more than a week.

This is due to a lockdown imposed by the government to halt the spread of the Covid-19 virus, Bloomberg has reported.

A condom is the most widely used contraceptives in the world.

Karex Bhd makes one in every five condoms globally. It produces for brands like Durex as well as its own line of specialty condoms such as Durian-flavored ones.

It churns out more than 5 billion condoms a year and exports them to more than 140 countries. That has become more challenging as governments shut borders and airlines cancel flights.

The other major condom-producing countries are China, where the coronavirus originated and led to widespread factory shutdowns, and India and Thailand, which are seeing infections spiking now.

Sadly, Malaysia is one of the hardest-hit countries in southeast Asia. As of Monday morning, more than 2,400 cases of COVID-19 have been confirmed, with 35 deaths.

The lockdown in the country is due to remain in place at least until April 14.

The Chief Executive of the group, Goh Miah Kiat, warned of a global shortage as supply falls by almost 50 percent while its stockpile is set to last for just another two months.

He said the company only restarted its factories on Friday after a week-long closure, working with just half of its workforce.

“It will take time to jumpstart factories and we will struggle to keep up with demand at half capacity,” Mr Kiat said.

“We are going to see a global shortage of condoms everywhere, which is going to be scary.

“My concern is that for a lot of humanitarian programs deep down in Africa, the shortage will not just be two weeks or a month. That shortage can run into months,” he said.

Mr Kiat also said demand is growing at “double digits” as governments around the world issue stay-at-home notices and many people abstain from having children due to the uncertain future.

He warned of a possible price hike in the purchase of condoms.

“Condoms could also get much more expensive. We are still paying all our worker’s full salaries but workers only come in half the time so generally, there will be a cost increase,” he said.

BIG STORY

JUST IN: Reps Order NERC To Suspend Implementation Of New Electricity Tariff

Published

on

The Nigeria Electricity Regulatory Commission (NERC) has been requested by the house of representatives to halt the introduction of the new price.

Following the passage of a motion of urgent public significance on Tuesday, the lower legislative chamber passed the resolution in plenary session.

Nkemkanma Kama, a Labour Party (LP) politician from Enonyi state, sponsored the resolution.

On April 3, NERC approved an increase in electricity tariff for customers under the Band A classification.

The commission said customers under the category, who receive 20 hours of electricity supply daily, would begin to pay N225 per kilowatt (kW), starting from April 3, up from N66.

 

More to come…

Continue Reading

BIG STORY

Nigeria Will Be In Darkness If FG Doesn’t Hike Electricity Tariff — Minister Power Adelabu

Published

on

Minister of power, Adebayo Adelabu, says the country will be thrown into darkness if the federal government does not hike electricity tariff.

Recall that the Nigeria Electricity Regulatory Commission (NERC), on April 3, approved an increase in electricity tariff for customers under the Band A classification.

The commission said customers under the classification, who receive 20 hours of electricity supply daily, will now pay N225 per kilowatt (kW), starting from April 3, up from N66.

Appearing before the senate committee on power on Monday, Adelabu said although citizens are bearing the brunt of the increase, it would “catapult us to the next level”.

“The entire sector will be grounded if we don’t increase the tariff,” the minister said.

“With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariff.

“The increment will catapult us to the next level. We are also Nigerians, we are also feeling the impact.”

Adelabu said if distribution companies (DisCos) do not provide 20 hours of power for seven consecutive days, the customer should be billed on the old tariff.

“We made it a conditional tariff, we made it a service reflective tariff, that the only condition that can make a discriminate company charge the new tariff of N225 per kilowatt hour is they must ensure they supply a minimum of 20 hours to that consumer everyday,” he said.

“If they cannot sustain this within a period of seven days, such consumers must be granted the old tax.

“Any consumer that can get supply for 20 hours, they can pay N225 per kilo as against the N66 in the old regime. And we also put in some monetary and tracking framework to ensure that these posts are compelled to comply with this tariff order.

“And this was displayed in the first day or the first week of this new regime, when it was discovered that a particular DisCo was not supplying for up to 20 hours and was charging the customers. A penalty of N200 million was slammed on this DisCo.”

The minister added that the fine has served as a deterrent to DisCos.

Continue Reading

BIG STORY

Senate, Reps Set To Resume Plenary In New Chambers After To Years Of Renovation [PHOTOS]

Published

on

Members of the senate and house of representatives are set to resume plenary in renovated chambers.

The legislators will resume plenary on Tuesday (today) after a break spanning more than five weeks.

The parliamentarians had begun their Easter and Eid el-Fitr vacations on March 20.

They were supposed to meet again on April 16, but the meeting was rescheduled.

On Monday, the house of representatives’ leadership, led by Speaker Tajudeen Abbas and his predecessor Femi Gbajabiamila, examined the green chamber.

The renovation of the chamber began in April 2022.

Since then, the legislators have been using a temporary chamber in one of the committee rooms.

In 2019, the national assembly budgeted over N30 billion for the renovation of the complex, but the amount had sparked criticisms.

The sum was later reviewed to N9 billion.

See photos of the renovated green chamber below;

Continue Reading

Most Popular