Business
Aganga Blames Low Budget Implementation On Distractions
The Minister of Finance, Dr Olusegun Aganga, on Tuesday blamed the low implementation of Federal Government’s budgets in the past three years on distractions.
Aganga, featuring on NTA Network Personality Programme “Economic and Finance” monitored in Port Harcourt, said that the distractions affected stability in governance during the period.
He said that the country required stability in governance to achieve enhanced level of budget implementation.
Aganga listed some of the distractions to include the death of President Umaru Yar’ Adua, delay in the passage of budgets and cabinet reshuffle.
He said that much might not be achieved in 2011 because of the electioneering campaigns, the elections and the constitution of a new cabinet, all of which, he said, were distractions to governance.
The minister said that the N4.22 trillion federal budget in 2011 represented the beginning of financial consolidation which would also address key issues such as unemployment.
He said that the 2011 budget was lower than the 2010 budget by about 18 per cent while the size of the budget deficit had dropped to 3.6 per cent.
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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