Business
Gombe Budgets N108bn For 2013
The Gombe State House of Assembly has approved a budget of N108 billion for the 2013 fiscal year.
This is contained in a statement issued by the Chief Information Officer of the House, Alhaji Abubakar Umar, in Gombe.
The statement said the approval of the budget followed the adoption of the report of the House Committee on Appropriation.
According to the statement , the approved budget shows an increase of N320 million over the initial proposal of N107.8 billion presented by Gov. Ibrahim Dankwambo on December 28, 2012.
It said the lawmakers increased the expected internally generated revenue by N20 million and extended Value Added Tax (VAT) to N300 million.
It explained that N202.1 million was allocated to some ministries that were in need of more funds, while the remaining N117.9 million was used to reduce the budget deficit to N4.7 billion.
The statement explained that N66.1 billion, representing 61 per cent was for capital expenditure while the recurrent expenditure would gulp N44.9 billion, representing 39 per cent of the budget.
“The budget will be principally funded through recurrent revenue of N50.4 billion and capital receipts of N59.7 billion.
“The committee recommends that all revenue generating agencies should block leakages and tap the untapped revenues of the state,” it said.
The statement said the legislators directed every ministry to discharge its statutory functions and that the Ministry of Finance should consider all approvals and release cash backing to all ministries, departments and agencies in good time.
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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