Business
Experts Call For Full Implementation Of 2011 Budget
Economic experts in Lagos have urged the Federal Government to ensure the full implementation of the 2011 budget.
In separate interviews, they called on the Federal Government to be proactive in the implementation of the 2011 budget to ensure the nation’s economic development.
Dr. Tunde Adeoye, a lecturer in the Department of Economics, University of Lagos, said that the size of the budget was not important, but its implementation.
Adeoye said that the executive should have sent the 2011 budget to the National Assembly by the third quarter of 2010 instead of delaying it till the middle of December.
He said that the issue of decayed infrastructure was on the rise, adding that the government should reduce its spending and provide the needed infrastructure.
Dr Paul Adams, a lecturer in the Department of Economics, University of Lagos, said that the poor implementation of the previous budgets was worrisome and urged the government to ensure that the 2011 is fully implemented.
Adams said that budget implementation needed the effective monitoring of how funds were allocated to the various sectors of the economy.
“Good implementation of the budget would lead to the provision of better infrastructure and attract foreign investors that would boost the economy through jobs creation,” Adams said.
Dr. Olumide Owoade, a lecturer, Department of Economics, Lagos State University (LASU), said that poor implementation of the nation’s previous budgets had stagnated the economy.
“We must break away from the past and ensure good implementation of the budget to ensure rapid economic growth that future generations would be proud of,” he said.
Dr Ayodeji Thomas, a lecturer at the Department of Economics, University of Lagos, said that one of the major causes of poor implementation of budgets was its late preparation.
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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