Business
No Deregulation Untill Consensus Is Reached –Ajumogobia
The Minister of State for Petroleum Resources Mr Odein Ajumogobia , has said the much touted deregulation policy of the Federal Government would not commence until “a reasonable consensus is reached with all stakeholders.
This comes against the back ground of mounting anxiety over the Federal Government’s proposed deregulation of the supply, distribution and sales of refined petroleum products.
Ajumogobia said more licenses would be made available to marketers for the importation of more products beyond the required quantity in order to make fuel available.
The minister, who made this known while answering questions from journalists after the 2010 budget defence before the House of Representatives Committee on Petroleum (Down stream said he would be meeting with the Petroleum Products Pricing Regulatory Authority (PPPRA) for the approval of these licences.
The minister said that the assertion that the federal government gave out N950 billion in December is wrong as the government did not make provisions for subsidy in 2009.
“We did not have subsidy in the 2007, 2008 and 2009 budgets,” he said.
On the position of government on fuel subsidy for 2010, he said: “As long as government continues to dictate the price of fuel at the pump, we will have to subsidise, otherwise no one would bring in any fuel.
On when the government will make definite pronouncement on deregulation in order to put to rest all the speculations, he answered: “when we have a reasonable consensus. We are not looking for unanimity. We are looking for a reasonable consensus from a people who are reasonably minded; who are ready to listen to the argument on why subsidy should be removed. Once we have a reasonable consensus then you will hear our position. But there would not be deregulation without a reasonable consensus”.
The Minister said that fuel queues were still in the country because people were hoarding the products.
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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