Business
Ex-CITN Boss Applauds Planned Federal Agencies’ Restructuring
A former President, Chartered Institute of Taxation of Nigeria (CITN), Mr Rasaq Quadri, said that the proposed restructuring of federal agencies would increase efficiency in public service delivery.
He said in Lagos that a lot of the Federal Government agencies and commissions had overlapping functions.
The former CITN president said that the restructuring would affect revenue generation of government, however, adding that the proposal should not be focused on increasing tax earnings alone.
Quadri was commenting on the Dr Steve Oronsaye’s Draft White Paper report of the Presidential Committee on Restructuring and Rationalisation of Government Parastatals, Commissions and Agencies Report.
The Federal Executive Council (FEC) on Wednesday considered the Oronsaye report, which acknowledged the existence of 541 agencies of government and endorsed 321 of them.
He said that wastage, financial leakages and indolence would reduce in government if the restructuring was done.
“It will affect revenue generation quite alright in terms of taxes but we have to look beyond that, look at the overall benefit to the country.
“We are talking about Agencies and Ministries and Department whose functions are overlapping and some of them are not even necessary. What effect would it have on the economy in total?
“The other issue is it might increase the people that will be moving about within the civil service if those people are still within the service. So it has so many dimension, the effect of the tax is on one side but then one has to look at the overall effect on the Nigeria economy.
“There are two ways to it, it is either they want to sack those people and release them into the market thereby increasing the number of unemployment within the market. Or they still retain them in the system in which case they will not be that relevant as far as contributing to the economy.
“Whichever way, it is not in the best interest. Mistakes were actually made in the past but if you want to correct the mistake you have to correct it holistically, look at the economy in total.’’
Quadri said that the inability of government to make the environment conducive for enterprise was the reason why it was still the biggest employer of labour.
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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