Business
Association Tasks FG On Tourism Intervention Fund
Mr, Tomi Akingbogun, Deputy President of the Federation of Tourism Association of Nigeria, has appealed to the Federal Government to release modalities on how the approved tourism intervention fund would be generated.
Akingbogun made the call on Saturday in an interview with the newsmen in Abuja.
He said that just like intervention funds stabilised the banking industry and other sectors, the tourism fund would strengthen the tourism sector.
“We don’t know how the fund would be generated and managed or if it is through the banks or if it would be in form of loan, government should work out the modalities.
“All we need is affordable loans and long-term loans for long term investments, the short term loans is killing the tourism industry,’’ Akingbogun said.
He said the association hoped the intervention fund would not be in form of taxes on guests lodging in hotels.
Akingbogun said that tourism could reduce the rate of unemployment and contribute to economic development of the country if the potential in the sector was fully harnessed.
“Tourism is all about life, we patronise musicians, painters, artists and even the DSTV.
“It is important that special look should be taken at the tourism intervention fund to push the tourism sector forward,’’ he said.
Akingbogun called on government to work out modalities as most hotel owners had collaterals to enable them access the fund.
The Tide source recalls that in January, the Minister of Tourism, Culture and National Orientation, Mr Edem Duke, said that 70 per cent of the tourism fund would be allocated to visual art, provision of tourism infrastructure and a percentage to the development of tourism product and training.
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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