Business
Fund SMEs For Enhanced Productivity -NASSI
The National Association of Small Scale Industrialists (NASSI) has urged the Federal Government to ensure adequate funding of Small and Medium Enterprises (SMEs) to enhance their productivity.
Mr Duro Kuteyi, NASSI Vice-President, made the call in an interview with newsmen in Lagos on Tuesday.
Kuteyi said that many SMEs could not meet their market demands due to financial constraints
“They need funds to package their products and produce on larger scale to be able to compete with imported products,” he said.
Kuteyi said that the Standards Organisation of Nigeria (SON) was making plans to regulate products from the SMEs.
“No matter the standards of the SON, if funds available to SMEs cannot meet up with the standards established by the agency, there cannot be a way forward.
“Standardisation is not the issue now. SMEs have so many problems at hand which government has not been able to resolve over the years,” Kuteyi said.
According to him, there will be improvement in the sub-sector when government starts to heed the calls of operators.
“The association on its own part is planning to set up a consultancy centre where SMEs will be enlightened on ways to improve on and package their products,” Kuteyi said.
He also identified electricity, multiple taxation and low productivity as some of the problems facing the sub- sector.
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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