Business
Fayemi Woos Investors
Governor Kayode Fayemi of Ekiti State says the cheap labour available in the state has made it an investor’s ideal destination.
The governor said this in Ado Ekiti at the opening of a two-day Economic and Development Summit organised by the state government. Fayemi, however, expressed regrets that in spite of a well educated and productive populace, epileptic power supply and poor road network were hampering the investment drive of government.
He said Ekiti produces the highest number of graduates in the country although many of them remained unemployed.
“ Manpower is available in quantity and in quality in Ekiti State because Ekiti produces the highest number of graduates. “ I want to add that labour here is affordable to any investor and we have them in all your areas of specialisation,’’ he said.
He also said the state government had taken steps to access a N25 billion bond from the capital market, noting that it had been oversubscribed at the Security Exchange Commission(SEC).
The governor said the bond would be used to provide infrastructure which would create an enabling environment for investors.
Fayemi said the need to make the state conducive for investors informed the proposal for the conversion of the new Governor’s Office into a hotel to boost the hospitality industry.
“ Hotels in Ado Ekiti are substandard. They don’t have the necessary security and infrastructural accessories that can attract investors,’’ he said.
The governor also said the bill backing the establishment of a Bureau of Public Private Partnership to be headed by a Director General had been passed by the State Assembly, adding that this would further boost investment. Earlier, Mr Sola Folorunso, the Permanent Secretary, State Planning Commission and MDGs, had described as laudable the 2000 and 2008 Economic Summits.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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