Business
Facilitate Inflow Of Investment Activities, FG Urgeda
Some financial experts yesterday in Lagos urged the Federal Government to put adequate measures in place to facilitate the inflow of investment funds.
They told newsmen in Lagos that the step was necessary to generate employment opportunities for the unemployed youths.
Dr Samuel Nzekwe, immediate past President, Association of National Accountants of Nigeria (ANAN), urged the Federal Government to be proactive in addressing some of the ailing sectors of the nation’s economy.
Nzekwe also urged the Federal Government to tackle the problem of infrastructure in order to attract foreign investors.
“As long as infrastructural development is still lacking, the economy cannot move forward,” he said.
Nzekwe urged the government to imbibe deliberate efforts to stimulate the real sector for active activities to begin in the sector.
According to him, the N75 billion earmarked to bailout the real sector has yet to be disbursed to the operators.
He said that some investors had left the country for other countries due to poor power supply.
Nzekwe said that privatisation of the energy sector would solve some of the problems and attract foreign investors if there was transparency in the process.
Also speaking, Dr Bello Kazeem, a lecturer in the Department of Economics, University of Ibadan, told NAN on phone that security threat could also negate foreign investment.
Kazeem said that security of lives and properties were essential for the survival of the society.
“The quality of national security determines the inflow of foreign investment into the country,” he said, adding that no one would be willing to invest in an environment that was not conducive for investment.
Kazeem said that good roads and consistency in government policies would also attract foreign investors and Nigerians in the Diaspora to come home and invest.
In his comment, Dr Olumide Owoade, a lecturer in the Department of Economics, Lagos State University (LASU), said that outright disobedient to the rule of law would affect investment inflow.
He said:“Putting the government institution right will move the economy forward and aid foreign investment.”
Owoade decried the high level of corruption in the country, saying that the government should intensify its efforts to curb the menace.
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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