Business
Edo Assembly Wants Rubber Plantation Privatised
The Edo State House of
Assembly last Monday called on the state government to resuscitate the Urhonigbe Rubber Plantation under its Public/Private Partnership Initiatives (PPP).
The resolution was passed by the house at a plenary session in Benin.
The motion, moved by Mr Friday Ogieriakhi, representing Orhionmwon constituency, said the plantation would generate revenue and create employment for the people, if it was revamped.
According to him, the plantation generates about N2 million weekly after all expenses, adding that the state can earn more if the plantation was resuscitated.
He said the high-yielding specie rubber plantation covered about 3,974 hectares, and had official and residential buildings.
He said: “Rubber is still in high demand in the world market; it can serve as an alternative source of revenue, and departure from over dependence on crude oil.’’
According to him, rubber is a major raw material for some small and medium scale industries for the local production of rubber binds, hand gloves and football bladders.
He, however, said that the inability of the plantation to increase its productivity had led to limited supply of latex to some industries in the state.
Mr Bamidele Oloruntoba and Emmanuel Okoduwa, members representing Akoko-Edo and Esan North East respectively, said poor maintenance culture was a problem militating against government-owned companies.
They emphasised the need to set up commercialisation and privatisation committees to privatise all government moribund companies and parastatal agencies, to make them more viable.
The Speaker of the house, Mr Uyigue Igbe, directed the House Committee on Agriculture to investigate the whereabout of the N2 million generated weekly from the farm.
Igbe directed that copies of the resolution should be sent to the state governor for his action.
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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