Business
CITN Advises FG On Use Of £246m
The Chartered Institute of Taxation of Nigeria (CITN) has appealed to the Federal Government to use the United Kingdom grant of £246 million (N61 billion) judiciously.
Mr Sunday Jegede, the President of the institute, made the appeal in an interview with our correspondent on Tuesday in Lagos.
Jegede said that the grant should be used to support the girl education, peace, agriculture and women empowerment.
He said that the problem of the country was not getting loans and grants, but inability to effectively deploy them for the purpose they were meant.
“The problem of the country is not with any of these, but sincerity of purpose in its application and diversification,” he said
He urged President Goodluck Jonathan to ensure the grant was used for its purpose as it would go a long way in reducing infrastructural decay in the country.
“The Federal Government must be cautious in the application of this grant as it will help boost Nigerians’ confidence in the leadership,” he said
Jegede attributed the growing cases of fiscal indiscipline in the country to failure to persecute corrupt leaders
Reports say that the Federal Government on March 26 reportedly received £246 million (about N61 billion) grant from the government of the United Kingdom to boost the development of projects.
The grant, being provided under the UK Development Assistance Programme, is specifically targeted at helping Nigeria meet the Millennium Development Goals and the transformation agenda of President Jonathan.
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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