Business
LAPMAN Harps On Expert Expansion
Leather and Allied Products Manufacturers Association of Nigeria (LAPMAN), has called on the Federal Government to stop the policy on Export Expansion Grant (EEG) to save local industries from collapse.
The call was contained in a petition which the association sent to the Kano State House of Assembly Committee on Commerce and signed by its Chairman, Board of Trustees, Alhaji Bashir Danyaro.
The petition, a copy of which was made available to journalists in Kano on Sunday, also called for the urgent probe of the importation value of leather in 2008.
According to the association, the probe is necessary to unravel the high level scandal that charaterised the exercise.
The association said the policy was originally designed to assist the sector but was hijacked by few powerful foreigner- individuals who allegedly syphoned the fund to the detriment of other sectors.
It also noted that the EEG policy had led to job losses in local leather industries, pointing out that the promotion of local content had also been relegated.
The associated contended that beneficiaries of EEG in the leather sector had driven the price to all time high, thereby making it impossible for local users of leather to make profit.
The petition lamented that the abuse of the policy had led to the closure of several shoe companies that were once household names in the country.
It called for urgent scrutiny of the grant to ascertain the level of abuse by the operators.
“Our industries are at present in a serious jeopardy and facing imminent collapse if your committee recommends the continuation of this EEG.”
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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