In the ever-evolving world of technology, a Chemical Engineering student, Julia Romer, has created a refrigerator that runs on warm water as opposed to electricity.
The innovation which she came up with together with her team, is one that requires neither grease nor freezing agent.
Julia who is a student at the Technical University of Berlin, said although her idea was technology-driven, it is also mission-driven.
She explained that the project which her company, ‘Coolar’, had been working on for about two years, was to be powered by heat instead of electricity and could help preserve medication.
“We are highly focusing on regions that don’t have access to electricity because they need to cool down medicine.
“We tested our technology with this small fridge prototype and we would soon advance to creating bigger ones.
The project comes in good time and can be a life-saver, as over 1.2 billion people worldwide have been said to have no access to electricity while international health organisations working in big camps, are looking for alternatives.
The Federal Government of Nigeria has reaffirmed its commitment to diversifying the nation’s economy to reduce its dependence on oil.
The Minister of Budget and National Planning, Senator Udo Udoma, made the declaration on Wednesday at the end of the National Economic Summit Group (NESG).
He said the proposed shift from oil resources would help create jobs, reduce poverty and contribute to the nation’s socio economic development.
At the moment, the nation’s economy is in recession.
Mr Udoma explained that the government would achieve this through a synergy with members of the organised private sector.
He added that the government was eager towards diverting from its over dependence on petroleum resources to other sectors of the economy.
As the NESG meeting comes to an end, experts have been deliberating on how to improve the Nigerian economy through the patronage of locally produced goods.
One of the participants, Lanre Akinbo, is hopeful that key recommendations identified at the gathering will serve as a starting point for the successful implementation of the Made in Nigeria campaign.
The 22nd edition of the NESG meeting opened on Monday in Abuja, with participants looking to come up with strategies that would spur economic growth through heightened patronage of made in Nigeria goods and services.
The theme for this year’s summit is ‘Made In Nigeria’ and the organisers of the summit say they are looking to re-emphasise the message that the productive capacity of the Nigerian economy has to be developed as much as possible.
Need For Diversification
In his opening address, President Muhammadu Buhari said Nigeria had no other choice at the moment than to diversify its economy to break its reliance on oil.
He was happy with the theme of the summit, saying it “lies at the heart of so many of the efforts we are making to lead us through these troubled times and to lay a firm foundation for the future”.
He added that there was apparently no other way to steer Nigeria out of its present economic predicament without building a strong economic foundation on Made-in-Nigeria goods and services.
On the sidelines of the summit, the Vice Chairman of the NESG, Sola David-Borha, told Channels Television that stakeholders would discuss issues affecting Nigeria’s economy and proffer solutions that will reflate the economy and subsequently bring growth.
Mrs David-Borha, who is also the CEO of Stanbic IBTC Holdings, said the group believes that patronising made in Nigeria goods and services will spur the growth of the economy that is already in recession.
President Muhammadu Buhari says Nigeria has no other choice at the moment than to diversify its economy to break its reliance on oil.
The president made the statement while declaring open the 22nd Nigeria Economic Summit in Abuja.
“I am so delighted that you have chosen as your theme Made-in-Nigeria, which lies at the heart of so many of the efforts we are making to lead us through these troubled times and to lay a firm foundation for the future.
“We need to diversify the economy so that we never again have to rely on one commodity to survive as a country, so that we can produce the food we eat, make our own textiles, produce most of the things we use and create the right environment for our young people to be able to innovate and create jobs through technology,” he said.
The President added that there was apparently no other way to steer Nigeria out of its present economic predicament without building a strong economic foundation on Made-in-Nigeria goods and services.
In an earlier speech delivered by Doyin Salami, a professor of economics and member of the Monetary Policy Committee, he said Nigeria needed to quickly work out a comprehensive development plan.
Professor Salami in his analysis of Nigeria’s present economic landscape in the local and international context, warns that the numbers are not in the country’s favour.
In the international market, he said: “International monetary policy, in particular, doesn’t look good for us. The dollar is strengthening and the likelihood over the next 18 months in particular is that the dollar will continue to be strong.
“That’s bad news for us by the way, because it also means a lower demand for crude oil”.
Professor Salami, however, accused the Buhari government of not effectively communicating some of its policies which in turn affects investor’s confidence.
He said Nigeria in the short term must boost the confidence of investors, articulate its development plan, with complementary monetary and fiscal policies and institutionalise a public procurement drive for Made-In-Nigeria goods.