Business
CLO Cautions On N5,000 Note
The Civil Liberty Organisation (CLO) in Akwa Ibom, says the
proposed N5, 000 note of the Central Bank of Nigeria (CBN) will worsen the
poverty level of Nigerians.
The state CLO Chairman, Mr Clifford Thomas, made this known
in Uyo.
Thomas said Nigeria should not contemplate introducing
higher denomination into the economy now that the country was still largely a
consuming nation.
“Nigeria is still a consuming nation as we import everything
including toothpicks. The N5000 note is anti-people.
“It is a deliberate policy to increase poverty, punish the
over 160 million Nigerians so that the richer will become richer and the poor,
poorer,’’ he said.
Thomas wondered why the apex bank continued to churn out
policies that were unfavourable to the poor instead of superintending over
monetary policies and working to reduce the inflationary rate in the country.
He also accused the politicians of frustrating policies that
would favour the poor, adding that as elected representatives of the people
they were supposed to work for the good of all.
According to him the devaluation of the naira notes proposed
by the former CBN governor, Prof. Chukwuma Soludo, would have been the best
fiscal policy.
The chairman, however, expressed regrets that it was
frustrated by the politicians because “they knew they were not going to benefit
from it”.
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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