A JOURNEY OF A THOUSAND MILES BEGINS WITH A STEP WITH RENTOLOG TECHNOLOGY LTD.
LET'S START REBUILDING NIGERIA
In 2010, former president of the United States of America, Barack Obama, said that Nigeria “is critical to the rest of the continent and if Nigeria does not get it right, Africa will really not make more progress.” This speaks of the expectations of the world for Nigeria. Across the globe, Nigeria is perceived as the natural leader of Africa.
The hope is not misplaced given the country’s natural resources. Nigeria is the most populated country on the continent; it is also one of the most endowed in the world. Nigeria is rich in crude oil, natural gas, gold, bitumen, tin, coal, iron ore, limestone, niobium, lead and zinc. The country is blessed with an arable land which facilitates the cultivation of both cash and food crops. Nigeria also has a stock of great people who stand out in different aspects of human endeavours. This is a rare combination that should have made Nigeria a super power. But in spite of all these endowments and the derivable benefits, misery has become the permanent partner of the average citizen.
Nigeria is a paradox; so wealthy, yet so poor; so endowed, yet so deprived. Nigeria makes more money than many countries of the world but is unfortunately ranked among the poorest because many Nigerians live below
How did we arrive here? Why has Nigeria, with all the treasures locked in her belly, been unable to shake off the ‘underdeveloped country’ tag?
The difference between the First Republic Nigeria and the Nigeria of today is planning.
We can change our story. We can change our experience. We can have a reenactment of the First Republic Nigeria or even something better. To change the current trend, we have to retrace our steps and do the right things. Great countries don’t just emerge, they are birthed. The process of birthing a great country starts with planning and taking concrete steps to actualize the plans. When countries plan and work their plans, they become great. On the contrary, when a country fails to plan, the only way for it to go is down.
Leaders make things happen. When Nigerian leaders shun cognitive dissonance, when they act in line with their expressed vision, take charge of the country and run it profitably; when they run with great plans and work the plans, when they provide needed infrastructure and emplace clement environment, then the country’s narrative will change, productivity will escalate, poverty will decline, life of the average Nigerian will get better, the slumbering giant will be roused and Africa will experience liberation.
If we start doing the right things now, though our country lies prostrate today, it will stand tall soon and stand out if we persist. Yes, a great and prosperous Nigeria is possible. The time to start is now so that our future can be a departure from the excruciating experience of the moment.
It is possible. It is achievable. The time to start is now!
JESUS LOVES YOU AND WANTS TO MAKE THE RIGHT DECISIONS
JOIN US NOW AS YOU MAKE THE RIGHT DECISION!!!
WE ARE CURRENTLY LOOKING FOR VOLUNTEER EXPERTS ALL AROUND THE WORLD.
WEBSITE: rentologtechnologyltd.simdif.com Contact: +2349030336750
WELCOME TO THE FUTURE..............BE THE MINDSET FOR OTHERS
SOLUTION TO TRANSPORT THIEVES
SOLUTION TO THE INSECURITY IN TRANSPORTATION:
Envisioning zero deaths on Nigerian roadSeptember 15, 2022
I recently attended to a dispatch rider who was knocked down by a sport utility vehicle while doing his job. He sustained a fracture in the leg and was lucky to have survived. Another vehicle drove into a residential building in one suburb in Lagos and was stopped by a concrete electric pole. Luckily no one died. But not everyone is that lucky.
According to data from the Federal Road Safety Corps and the National Bureau of Statistics, between 2013 and 2020, at least 41,709 persons lost their lives to road crashes in Nigeria. Road traffic accidents remain one of the leading causes of death in the country. There have been efforts by the government to reduce road traffic accidents but they have not led to a significant reduction in them.
But, is it possible to prevent people from dying from road traffic accidents? An ambitious project by a coalition titled, “The Road to Zero: Achieving Zero Deaths by 2050”, thinks this is possible. Since it is impossible to eliminate human error, planners and engineers are thinking of ways to design roads and vehicles to accommodate human error to make the whole system safer. Joined with this effort is the promotion of a “Safety Culture” that stresses the importance of safety in all decisions made by everyone.
The Safe System Approach is now achieving success in some parts of the world. It originated in Sweden through its Vision Zero programme and in the Netherlands through the Sustainable Safety programme. They both achieved success with not less than a 50 per-cent reduction in fatalities between 1994 and 2015. This idea has found its way to other countries in Europe and beyond with remarkable success in Australia and New Zealand. Even the United Kingdom and the United States have latched on to it.
Everything about this project is captured in a circular logo called the Prioritizing Safety Wheel with Safe System at the centre. Round the Wheel are five elements: Safe Vehicles, Safe Roads, Safe Speeds, Safe Road Users, and Post-Crash Care.
Achieving zero traffic deaths and serious injuries requires strengthening all five elements. A Safe System cannot be realised without all five elements working in synergy. On the outer side of the Wheel, Safety Culture was echoed around it six times.
The Safe System Approach begins with a mentality that it is not acceptable to allow deaths and serious injuries to happen on the roads. It accepts that road users are human beings and that it’s inevitable for them to make mistakes. It is these mistakes that cause road traffic accidents. The goal of “zero” is to remove fatal and grave injuries, and not to eliminate crashes in totality.
According to Mark Doctor, a senior safety and design engineer, and Chimai Ngo, a programme manager for zero deaths, safety culture, and transportation safety planning initiatives to achieve zero deaths and serious injuries, when crashes do happen, “they must be managed so that the kinetic energy exchange on the human body is kept below the tolerable limits for serious harm to occur”.
This principle guides the use of a Safe System Approach in designing and operating the road system. It is expected that human error will occur, therefore, “the road infrastructure and vehicle technology must be designed and operated so that deaths and serious injuries are engineered out,” wrote Doctor and Ngo.
Safe Vehicles—Vehicles are designed and regulated to minimise the frequency and severity of collisions by applying safety measures that use the latest technology. In-vehicle systems can help prevent the use of mobile phones while the vehicle is in motion to reduce distraction.
Safe Speeds—Human beings are less likely to survive crashes at high-speed. Reducing injuries to humans from speed reduction happens in three ways: reducing the force from the impact, giving additional time for drivers to stop, and improving visibility.
Safe Roads— Transportation infrastructure which is designed to allow for human mistakes and injury tolerances can significantly reduce the severity of crashes that do happen. For example, by physically separating people moving at different speeds, having dedicated times for different users to move through a space, and informing road users of hazards.
Street design plays a vital role in this approach. Safer street designs can slow down vehicle movement, provide visual cues that make it clear when different user groups share the space, and when needed, provide separation between the user groups when vehicular operating speeds are incompatible for sharing space with other users.
Safe Road Users—The safety of all road users is equally addressed; these include pedestrians, cyclists, and drivers, who ride transit or travel by some other mode. It includes reducing distractions for all road users. Part of it is reducing impairment. This can be through alcohol detection and ignition interlock systems which help in preventing intoxicated drivers from operating a motor vehicle.
Post-Crash Care—Those who are injured from crashes depend on emergency first responders to quickly find them and give them first aid before moving them to medical facilities. Post-crash care also includes forensic analysis obtained at the accident site, traffic incident management, and related activities.
Safety is a proactive concept. Transportation agencies can use proactive and data-driven tools to identify and reduce latent risks in the system, instead of waiting for accidents to happen and then reacting to them.
Nigeria can study this policy and see how it can be domesticated. Lagos State can blaze the trail in Nigeria through its smart city project. Perhaps the new city called the Eko Atlantic City can be used as a pilot study if it has not already been factored in. Even the Federal Capital Territory, Abuja, can give Lagos a run for its money. Other states should not take my word for it!
The whole project will require legislative and enforcement strategies aimed at achieving widespread user compliance with road rules and laws. It will require money, vision, and political will. But it is something worth pursuing. One life matters.
According to the report, the total value of non-oil exports in the first half of the year, January to June 2022, was about $2.60 billion up 62.37 per cent from the respective $1.60 billion and $981.44 million recorded in the first halves of 2021 and 2020. This rebound should be sustained through giving of more incentives to exporters and targeted financing for export infrastructure.
The Export4Survival campaign by the NEPC introduced in February, should be sustained to raise public knowledge on opportunities in the industry and to emphasise the advantages of exporting Nigerian goods and services to boost our GDP and shared prosperity”, the LCCI President said.
In the same vein, the Chairman, Export Group of LCCI, Mrs. Bosun Solarin, who gave further insights into the discourse, admitted that the symposium was timely and coming up when Nigeria was in dire need of foreign exchange, and that the world was earnestly waiting to see the effective take-off of AfCFTA that is capable of elevating 30 million people out of abject poverty and generating market hub that would connect 1.3 billion people from 55 countries with US$3.4tn aggregate Gross Domestic Product (GDP).
She said the actualisation of the benefits of the legislation remains elusive without effective distribution channel in which logistics play an indispensable role of bridging the gap between the dreams and realities of AfCFTA. Mrs. Solarin informed that the presence of experts in the logistics industry, and captains of export business would make it possible do a critical examination of the role of logistics in AfCFTA from trajectories with insightful contributions for all participants.
The chairman, while reiterating the fact that reliable transportation was critical to trade and development, tasked relevant stakeholders to put in place policies that would make Nigeria’s export very competitive.
In summary, what we need to put in place to make AfCTA impactful include tapping from several programmes and opportunities at the regional, continental and international levels that exporters can benefit from such as the African Growth and Opportunity Act (AGOA) as well as Trade Liberalisation Scheme (ETLS); exporting of primary products to the global community with value addition; need for regulatory agencies to strengthen the means of communication, to close the information gap between the agencies and players; incorporation of communication plan and strategy for feedback and continuous interactions; promotion of digitisation and automation of processes and procedures; creation of more awareness; building of capacity of the public sector trade regulators; embracing Public-Private Partnership (PPP) model; putting in place effective distribution channel whereby logistics play an indispensable role of bridging the gap between the dreams and realities of AfCFTA, among others.
By God grace, we have seven suggestions to these problem:
1. motorcycles with doors : it has been an issue to tricycles(keke), bad weather has limited them to operating at full potential.
2. Tracking ID: Every living thing has a heart and without the heart, the body system can not function. A tracking I.D will serve in that us
3. Medical and Body Sensor: It will help to bring medicine closer to the people without putting fear in them. It will help to detect and provide service.
4.Voice map assistance and surveying camera: These will help to put the police force closer to the passenger and voice map assistance surveying camera will serve as an aid to guide the driver and also put the police force on alert.
5. Driver Fingerprint : This will help reduce occurrences of stolen vehicles.
for more info: click rentologtechnologyltd.simdif.com
JESUS LOVES YOU.
RENTOLOG INDUCTOR MOTOR ENGINE ANALYSIS
We want to thank God for the opportunity to display the analysis of 5 phase inductor motor:
1. 5 phase winding coil
2. oil film coating
3. rotor labelled with different color for identification
4. insulator to reduce the excess amount of magnetic field
5. drive shaft
6. Insulated wall to reduce escape of magnetic field
it was discovered from the inspiration of God which i state that everything on earth co-existed the same having the same curve attribute. That is why aero plane can fly, balloon float, plant , moon , human, animal have the same curve shape attribute. It was made a decision for 5 phase inductor motor to be in the same curve shape for better function.
HOW DOES IT WORK?
The working of 5 phase inductor is design to work in the same principle. Similar to the working of three phase induction motor, five phase induction motor works on the application of Faraday's law and Lorentz force on conductor. When five phase ac supply is given to the stator winding which are spatially and time displaced by displaced by 72°the rotating magnetic field is produce which rotates at synchronous speed. When short circuited rotor (squirrel cage) is placed in rotating magnetic field an EMF is induced in the rotor conductor due to electromagnetic induction. Due to this EMF, current starts flowing in the rotor conductor and sets up its own magnetic field. Due to interaction of these two magnetic fields, a torque is produced and conductor tends to move. A hole cut at the centre of the drive shaft inside the rotor. An insulator is installed in the hole to act as a regulator , to control excess magnetic field. The component of the system is coated with oil film plate to reduce over heating( the idea was gotten from umbrella usage).
LASTLY WE WANT TO SAY JESUS LOVES YOU AND WILL ALWAYS LOVE YOU , SO ALWAYS DO THE RIGHT THING
REASON FOR 5 PHASE INDUCTOR COIL
Have you been WOWED today? I believe you will be more excited when you add a 5 phase induction motor to your car. It is time to move in the speed of light
These are the reasons you should go for a 5 phase inductor coil.
1. High performance: Nicholas Tesla produced a two phase induction motor, it has speed but when a three phase induction motor was invented , it has higher speed, the 5 phase induction motor will perform faster.
2.Efficiency: the 5 phase inductor is efficient compared to other induction motors.
3. 5 phase induction motor is a complete star.
4. better torque.
5. smoother ripple.
6. better fault tolerance.
7. the possibility of connecting stator windings to star, pentagon and pentagram.
Lastly, Always remember that Jesus loves you to the end. God is our source
Have a nice day
RENTOLOG ELECTRIC WATER ANALYSIS
Rentolog electric water technology had been analyzed and found worthy for consumer taste. We give thanks to God who made this innovation possible.
HOW DO IT WORK?
When water is supplied to the tank, the water flows into a region, the region is blocked by an arc as in your conventional dam, the pressure of the water will increase, the arc opens and the pressure reduces.
According to Bernoulli principle, the lower the pressure increases the speed of the fluid(water) and higher the pressure, the speed (velocity) reduces. The water speed is maintained by Pascal principle, which states the fluid at a point or region is evenly distributed .
The water flow into a region of space which passes through a compressed tube-like hole to provide an effective precision entrance to the turbine region just like in the spark plug in Internal combustion engine, the force of gravity of the water will turn the turbine position in an oscillating position as in the flywheel of an ancient dam. The reason is for the water to concentrate in the blade of the turbine for turning purposes .
As the water turns the turbine , Faraday law of magnetic field will occur in an alternator-like device as in the case of a wind turbine and the alternator in a car, which is attached at the closed center of the flywheel.
A small electric current will be supplied to the coil connected at the two opposite ends of the turbine as in the case of a transformer ,which aids in strengthening of the electricity and supplies it to the battery, and your home. The water will flow back to the tank passing through the non return valve to continue the thermodynamic flow equation (according to kinetic theory of matter, when a substance is heated, the velocity of the molecules and hence their kinetic energy increases).
This process conserves energy and requires minimum electricity to operate and also it is efficient. The body of the REwT system is made of an insulator to prevent escape of electricity . The reason is to prevent any minimum escape of electricity to the human body.
Did you know that if the total energy produced by a dam is harvested, there will be no need for a transformer to step it down .
The experiment of rentolog electric water technology (REwT) is liken to our three daily activities:
1. Imagine putting a turbine on an alternator and controlling the movement of water to turn it. It will serve as a substitute to the internal combustion engine for electricity that will be gotten from the process.
2. Imagine the way a windmill produces its electricity and it is put into a closed and replaced wind with water.
i. Water pumping machine is submerged in water, and when take water from the borehole or tap , you don't experience a mixture ( water and electricity).
ii. Submariner usually go with welding equipment and weld up any leakage in the pipe.
iii. Imagine the way a dam produces it electricity and how it is stepped down by transformer and you put it in a close system the same way the internal combustion engine works and direct the flow of water in such a way, it will turn the turbine under a precise range as the spark plug and the current is increased by the transformer form in the opposite regions which is liken to our phone charger operation.
i. It is stated that energy cannot be created nor destroyed but can be transformed from one energy form to another. We believe the reason our modern transformer generates so much heat is because energy stepped down by the transformer is converted into heat which is dissipated as waste energy.
ii. Recall the increase in coil increases and strengthens the current, the coil is turned in a way that it will produce the voltage that will serve your daily needs and also water serves as coolant in the internal combustion engine.
iii. It is also stated that running water with air will produce cooling at the region , and the first law of thermodynamics states heat is transferred from the hotter region to the colder region. That means heat produce by the coil will be transferred to the water and also water is can exist in three sate, so some of the water will be loss, then you will need refilling of water again .
COOLING SYSTEM ANALYSED
The REwT device is likened to a human body when the generator inside the system get hot after a period of time , according to the first law of thermodynamics through radiation heat will be transferred to the running water into the system. Meanwhile the outward part of the system is insulated to prevent escape of heat to the human body.
The method used to explaining it:
1. Convection occurs when heat is carried away from your body via moving air. If the surrounding air is cooler than your skin, the air will absorb your heat and rise. As the warmed air rises around you, cooler air moves in to take its place and absorb more of your warmth. The faster this air moves, the cooler you feel.
2. Perspiration can be uncomfortable, and many people would prefer to stay cool without it.
However, during hot weather and physical exercise, perspiration is the body's powerful cooling mechanism. As moisture leaves your skin pores, it carries a lot of heat with it, cooling your body. If a breeze (ventilation) passes over your skin, that moisture will evaporate more quickly, and you'll be even cooler.
Note: anti-fouling solution will be used to treat the system to keep bacteria or algae from growing.
OTHER ANALYZED POSSIBILITIES PROVEN AS AIDED EXAMPLE:
Plant transpiration and animal perspiration use evaporative cooling to prevent high temperatures from causing unsustainable metabolic rates.
Machine guns used in fixed defensive positions sometimes use water cooling to extend barrel life through periods of rapid fire, but the weight of the water and pumping system significantly reduces the portability of water-cooled firearms.
Water-cooled machine guns were extensively used by both sides during World War I, however by the end of the war lighter weapons which rivalled the firepower, effectiveness and reliability of water-cooled models began to appear on the battlefield, thus water-cooled weapons have played a far lesser role in subsequent conflicts. Some nuclear reactors use heavy water as cooling.
Heavy water is employed in nuclear reactors because it is a weaker neutron absorber. This allows for the use of less enriched fuel. For the main cooling system, normal water is preferably employed through the use of a heat exchanger, as heavy water is much more expensive.
Reactors that use other materials for moderation (graphite) may also use normal water for cooling. In 2018, researchers from the University of Colorado Boulder and University of Wyoming invented a radiative cooling metamaterial known as "RadiCold", being developed since 2017.
This metamaterial aids in cooling of water and increasing the efficiency of power generation, in which it would cool the underneath objects, by reflecting the sun's rays while at the same time allowing the surface to discharge its heat as an infrared thermal radiation.
Another example is geo-thermal heating. It varies, but at around 6 feet (1.8 meters) underground, the earth's temperature ranges from 45 to 75 degrees Fahrenheit (7.2 to 23.8 degrees Celsius).
The basic idea behind geo-thermal cooling is to use this constant temperature as a heat or cold source instead of using electricity to generate heat or cold.
The most common type of geo-thermal unit for the home is a closed-loop system. Polyethylene pipes filled with a liquid mixture are buried underground. During the winter, the fluid collects heat from the earth and carries it through the system and into the building. During the summer, the system reverses itself to cool the building by pulling heat through the pipes to deposit it underground.
We want to acknowledge God for making it possible and giving us ideas to serve humanity. Without Him , it won't be possible for us to give you solutions for global problems. Let's give him all the praise and glory
Jesus loves you. If you can breathe and people in the mortuary cannot breathe and scientists have not found a solution to make them breathe again, you will be grateful and acknowledge that God exists and you are not alone.
CONSUMER COMPLAIN ON PRICE
DON'T YOU WANT AN ALTERNATIVE PRODUCT?
How manufacturing firms are coping with high energy costs
As a sector that is at the heart of productivity, employment, and domestic demand and supply, manufacturing is the baseline of any economy. Manufacturing firms in Nigeria are major energy consumers. Energy costs vary for manufacturers who operate across a range of sectors, namely, industrial and consumer goods, technology, media, and telecommunication, healthcare & pharmaceuticals, power & utilities, financial services, agriculture as well as oil & gas.
It’s important for the government to come up with a working plan for Nigeria’s manufacturing sector, so as to encourage growth. In 2019, the Manufacturing Association of Nigeria (MAN) said that it needs about 2,500 Megawatts to meet its needs.
Steady growth from 2017 to 2022
Data from the National Bureau of Statistics reveal that Nigeria’s manufacturing sector grew by 5.89% year-on-year in real terms in Q1 2022, an increase of 3.61% points from the preceding quarter, which recorded a growth rate of 2.28%. In 2021, manufacturing output was at $64.40 billion, a 17.61% increase from 2020
As the years go by and the population increases, there is more demand for goods. That is partly the reason for recorded growth in Nigeria’s manufacturing sector.
There are two main drivers of growth in the manufacturing sector – mass urbanization and a youthful population.
Sources at the Manufacturers Association of Nigeria (MAN) told Nairametrics that growth in the manufacturing sector can be attributed to increasing demand. This demand will also increase production and energy costs are a big part of production.
In order to meet production demand, Nigerian manufacturers have to turn to alternative power sources like diesel generators and inverters. The Manufacturers Association of Nigeria, in its H2 2021 report, said expenditure on alternative energy sources for the production of electricity for its operations hit N45.036 billion.
Heavy energy costs at Flour Mills Nigeria (FMN) typifies the burden
The greatest challenge facing Nigerian manufacturers is power supply. In the absence of reliable power supply, most manufacturing firms rely on diesel generators to run their businesses. This impacts production and often leads to higher costs for the end consumer.
For example, Flour Mills Nigeria, Nigeria’s oldest and largest food and agro manufacturing firm, reportedly relies on a combination of a captive power plant as well as diesel generators and on-grid power to meet production targets.
Sources told Nairametrics that currently, a single power plant at FMN can consume up to 2100 megawatts which is 2,100,000 kilowatts. FMN uses about N45 per kilowatt for natural gas cost per kW, N65 per kilowatt for on grid power and N175 per kilowatt for diesel generators.
In a month, natural gas-fired power supply takes the highest consumption rate at 1,092,000 kilowatts (55%). Cost per kW of gas is 45 multiplied by N1,092,000 = N49,140,000.
In a month, diesel power supply amounts to 630,000 kilowatts (30%). Cost per kW of diesel is 175 multiplied by N630,000= N110,250,000.
In a month, on-grid power supply amounts to N315,000 (15%). Cost per kW of on-grid supply is N65 multiplied by N315,000 = N20,475,000.
Total monthly energy costs using current energy rates are N179,865,000.
According to sources, the energy costs in FMN and other manufacturing companies across the country are higher now than they were before, due to the fact that there is increased production to meet growing demand as well as associated volatility in fuel prices and the Nigerian Naira.
Also, MAN had stated that high energy costs are hampering progress in the sector. At the end of the day, Nigerians are paying the price for higher energy costs because they pay more for goods.
Pain of production suspension
The former director general of Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf told Nairametrics that some manufacturers have been forced to close shop after they could no longer cope with high energy costs. He said manufacturing processes differ and some are energy-intensive, so, they face more challenges.
“Even those who are dependent on natural gas plants are finding it difficult to keep up with the rising costs of gas on a global level. All these challenges affect capacity utilization and the capacity to retain staff,” he says.
There is a range of reasons why Nigerian manufacturing firms are still able to function, despite high energy costs.
Some reduce the size or volume of their products to effectively produce enough goods for customers in a phenomenon called Shrinkflation. Shrinkflation happens when consumer products get smaller in weight, size or quantity while their prices stay the same or even increase. It is a global phenomenon that explains manufacturers coping mechanism with surging energy costs. Nairametrics reported on the phenomenon here.
According to CNB, the trend is taking hold now as companies face higher prices for gas and ingredients, as well as supply chain constraints, according to Emily Moquin, food and beverage analyst at Morning Consult.
Cutting operating costs
Others cut down on operational costs by either changing their suppliers or getting involved in active recycling of waste products as is the case with Eden Moringa, an Abuja-based manufacturing company.
In a phone interview with Nairametrics, the managing director, Eden Moringa, Dr Ashimashiga Michael said his manufacturing business operates for eight hours on a daily basis. According to him, for six to seven hours, the business relies on a diesel generator to function.
“At our factory, we make use of industrial meters for on-grid power, yet we spend way more on diesel generators. We spend over N300,000 to N400,000 monthly on diesel purchases to run the business. Diesel now costs N850 per liter and we have to buy on a daily basis, to keep the business running.
Dr. Michael, who is also the president, Moringa Farmers and Manufacturers Association of Nigeria, told Nairametrics that in the case of Eden Moringa, the foundation has already been laid when it comes to purchase of raw materials used in the production process, so operation costs are considerably lower than they could be.
A manager at armoured vehicle manufacturer, Proforce Limited told Nairametrics that the company spends about N36mn monthly on power supply bills from power holding company of Nigeria (PHCN) and diesel generators. He went further to say that the high energy costs is affecting productivity at the company.
Earning in USD
Some manufacturing firms are able to stay afloat because they earn in US Dollars, as opposed to earning in a volatile Naira. Dave Ofomata, the chief executive officer at Lagos-based DTO Industries, told Nairametrics that high energy costs affect production, running costs, and profits.
“But we still manage to stay afloat because our products are export products so we get paid in US Dollars,” he remarked.
DTO Industries, which manufactures copper, aluminum, and lead ingots, currently spends N16M monthly to run their factory diesel engine generator as opposed to the N6M monthly that was spent for the same purpose in the first quarter of the year.
“We are still using diesel generators to power our plants but with the high cost of diesel which seems like the new normal, we are currently looking at other cheaper and reliable sources of generating power, most likely independent gas plants,” he says.
Strategizing cheaper alternatives
Dr. Muda Yusuf, is of the opinion that some manufacturing companies could look at all energy sources available to them and strategize toward utilizing the cheapest energy source alternatives. According to him, manufacturers need to learn to strategize around the situation.
But, for how long?
Dr. Yusuf told Nairametrics that manufacturers have been complaining about high energy costs due to the unreliability of power supply in the country.
“Manufacturers are dealing with many instances of load shedding, expensive diesel prices, which have gone up to 200% or more over the last one year,” he says.
Dr Yusuf tried to draw a connection between these energy costs and their effect on sales and profits. For him, prices of manufactured goods will increase affecting sales and some of the time, manufacturers have to bear costs, which erode profits.
Increased products prices
Chemicals manufacturer and founder, MacJames Global Resources, Engr. Chinenye Justin Nwaogwugwu told Nairametrics that his company spends up to N400,000 monthly to power petrol and diesel generators for production at his Rivers State-based factory.
“The costs we incur, running our production, have increased the unit production costs for our products, and this has led to an increase in selling prices,” says Nwaogwugwu.
Nigerians need to put pressure on the government to fix the challenges in the power sector, otherwise many manufacturers will remain unproductive. Less productivity breeds products smuggling and the government needs to take necessary steps to bridge power supply gaps in the country.
Dr. Yusuf told Nairametrics that the government should look at setting up industrial parks or estates for manufacturers, where they have access to uninterrupted power supply as long as they have the capacity to pay for the power they utilize.
What you should know
Nairametrics earlier reported that some members of the Manufacturers Association of Nigeria had lamented over some challenges facing manufacturing firms in the country. These include – poor electricity supply, high cost of diesel, and raw materials. A year later, these challenges still plague Nigerian manufacturers.
You are never alone on this earth, there is someone to look up to. Jesus loves you
WHY DO YOU WORRY ABOUT FUEL AND DISEL WHEN WE HAVE WATER IN ABUNDANCE?
IMAGINE USING WATER AS A SOURCE OF ELECTRICITY? NO STRESS, NO MONEY LOSS.
Mark 9:23, And Jesus said to him, “‘If You can?’ All things are possible to him who believes.
The ancient scientists believed in the possibility of their creations.
WE HAVE GOOD NEWS FOR YOU?
Have you heard of Rentolog electric water technology(RET). This idea concept is derived from the ancient hydro power dam mechanism.
RENTOLOG TECHNOLOGY LTD NEEDS RESEARCHER, ENGINEERS AND DESIGNER TO WORK WITH US AS TEAM IN BRINGING THE CONSUMER TASTE A REALITY.
You don't need to worry anymore ,your interest is our priority.
Lastly, WE want to say Jesus loves you. He is our source,
Stay safe and be happy!!
WHY YOU SHOULD GO FOR AGRICULTURAL BASE BATTERY
Everything on Earth has its advantages and disadvantages. Lithium ion battery is a great battery but it has laps and your taste and interest cannot be traded with. Lithium battery laps are :
1. Lithium-ion batteries are not fitting for pretty severe usages as they do not hold much sturdy technology. Since Li-ion batteries have liquid polymerized electrolytes inside, these batteries can become perforated quickly with minimum force.
2.This lithium-ion battery disadvantage has come to the force in modern years. Many airlines restrict the intake of lithium-ion batteries, and hence their freight is limited to ships. Also, for air passengers, these lithium-ion batteries usually require to stay in carry-on baggage.
3.Although with the safety position, this may vary from time to time. However, the number of batteries remains limited and this is what is the most prominent disadvantage of lithium-ion batteries.
4.Another principal disadvantage of lithium-ion batteries is that they are not safe to use at higher temperatures. Also, in the case of smartphones that overheat, li-ion batteries can become explosive and catch fire. Even though electronic controllers get used to regulating the temperature, these batteries are pretty unsafe to use in transportable devices.
Lastly, always remember that God is our source!!