Tuesday, October 1, 2013
Adult-smoking-rates-high-in-nigeria-pakistan-russia-etc-journal-2
WASHINGTON (AFP) – Nearly nine in 10 children in China can identify a cigarette logo, according to a US study out Monday that measured tobacco recognition among five- and six-year-olds in various countries.The study in the journal Pediatrics covered six nations — China, India, Nigeria, Pakistan, Russia, as well as China — where adult smoking rates are the highest, according to the World Health Organization.More than two thirds of the children studied (68 percent of the 2,423 participants) could identify at least one cigarette brand logo.The findings raise concerns about whether low and middle income countries are complying with international bans on tobacco advertising to young children, the study authors said.“What was amazing to me was how we saw kids who don’t live with smokers but were very aware of cigarette brands,” lead author Dina Borzekowski of the University of Maryland told AFP.“What that says to me is they are getting their messages through the community, in their environments. They are seeing it at retail establishments, they are seeing posters. When they go off to buy a piece of candy at a local store, they are seeing these logos.”For the study, researchers sat down with children and played a matching game, in which the youths were asked to pair a logo with a picture of a product, such as a car, beverage, food item or pack of cigarettes.All the children were shown Marlboro and Camel logos, along with local brands that were distinct to their country.“We would show them a logo and they would have to pick up a card with the product,” said Borzekowski.The highest recognition rates were in China, where 86 percent of children could identify at least one cigarette brand logo.“In China, on average, kids knew almost four out of eight of the brands,” Borzekowski said.“These are little kids. The idea that they can recognize logos at this young an age is amazing.”At the opposite end of the spectrum was Russia, where 50 percent of children studied knew at least one cigarette logo.More than a quarter of all children studied could identify two to three cigarette brands, and 18 percent knew four or more.Children were also asked if they intended to smoke when they grew up. The highest yes rate was in India, where 30 percent — both boys and girls — said they planned to be smokers as adults.In China, Nigeria, Pakistan and Russia, boys were more likely than girls to say they would smoke as adults.The study was done in selected urban rural areas in the host countries, and researchers said they endeavored to make sure the children were “typical” and not from wealthier communities where awareness of tobacco marketing might be higher.However, they noted that because the studies were not nationwide, they “may not reflect the national populations in each country.”The World Health Organization has a Framework Convention on Tobacco Control that is signed by 168 countries and calls for limits on advertising and marketing to children.“The problem is in low and middle income countries, I don’t think there is good regulation,” said Borzekowski.“So even though the laws are on the books, they may not be adhered to.”
FG to earn N1.33trn from power assets – NCP
The National Council on Privatisation, NCP, has disclosed that the Federal Government will earn about $8.3 billion (N1.328 trillion) from the sale of the unbundled power generation and distribution companies of the Power Holding Company of Nigeria, PHCN.Part of the money will also be derived from the sale of the 10 new power plants being built by the Niger Delta Power Holding Company Limited, NDPHC.The Chairman, Technical Committee of the NCP, Mr. Atedo Peterside, disclosed this at a special forum on, “Financing the Power Sector Reforms for Economic Development,” organised by the Bankers’ Committee in Abuja.He also disclosed that the new owners of the PHCN assets are expected to invest about N300 billion in Nigeria for the provision of 6.52 million electricity meters and other capital expenditures.He said, “For the Discos, some very significant investments will also be required to improve efficiencies and reduce Aggregate, Technical Commercial and Collection Losses. Based on the proposals submitted by the core investors, new meters will be installed over the course of the next five years as follows:-“At an estimated weighted average cost (purchase and installation) of N25, 000 per meter, this amounts to over N150bn. “The bulk of this should be recoverable from the consumer, but then the distribution infrastructure also needs to be modernised and expanded to achieve greater coverage. The 11 Discos are projecting annual capital expenditures in the region of N60 billion per annum for each of the next five years.”According to Peterside, a grand total of approximately $3.3bn (N528 billion) should accrue to the Federal Government’s coffers from the PHCN Genco and Disco transactions.He further stated that at a crude estimate of $1.2 million per mega watt, the sale of the Federal Government’s 80 per cent equity stake to core investors will raise close to $5 billion (N800 billion), expressing optimism that about 70 per cent of the amount will be financed in 2014 largely through debt/loan instruments provided by Nigerian banks.Peterside disclosed that the new owners of the power generating and distribution companies will need to make investments of about $4.28 billion (N684.8 billion) to boost the country’s power supply by an additional 4,284.4 mega watts.“The nine PHCN Gencos, including Omotosho and Olorunsogo, only had available capacity of 2,692 MW as at 10th Sept. 2013, as against a total installed capacity of 6,976.40 MW.“Financing the necessary capital expenditure (capex) to fund this incremental 4,284.4 MW that is required to achieve full capacity, crudely estimated at $1m per MW approximately, will cost an additional $4.28bn.” he said.He conceded that there are still some unfinished businesses in the privatisation of the assets of the PHCN, calling for concerted efforts to ensure the success of the exercise.He said, “I must emphasis that there is still some “unfinished business” with the privatisation of the Power Holding Company of Nigeria (PHCN) Successor Companies and so, like accomplished sportsmen, I believe we must stay focused and not take our eyes off the ball until the game is truly over.“However, it is pertinent to remember that this is really the beginning of a journey and not the end of a journey as some have mistaken it to be. As we all know, the purpose of privatising the Discos and Gencos was not just to transfer ownership of the assets. The primary purpose was to bring into play new owners with deep pockets who could finance and/or access financing for the rapid restoration of lost capacity and/or add significant new capacity to make up for decades of Government neglect and mismanagement.”Continuing, Peterside said, “In my opinion, FGN should also continue to offer a safety net by subsidising the tariffs for the poorest consumers, that is, the R1 and R2 customers.
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