Business
Industrialist Charges Nigerians On Manufacturing Sector
Port Harcourt-based industrialist and a member of the Manufacturers Association of Nigeria (MAN), Rivers/Bayelsa branch, Mr. Charles Ugo, has called on Nigerians to show more commitment in developing the manufacturing sector of the economy.
Ugo who made the call while speaking to The Tide in Port Harcourt, last Wednesday on business compertiveness across the globe, stated that Nierians had failed to show commitment in developing the manufacturing sector over the years.
He said that the lack of commitment of Nigerians towards the sector’s development was responsible for the increased importation of all kinds of goods into the country, and much dependence on foreign good.
Ugo also posited that the situation has led to a decline in the growth of industries in the country, pointing out that the situation has compounded the un-employment situation in the country.
He said “the situation is further compounded by the loose nature of the country’s trade law which allows virtually everything ranging from rice to finished cement into the economy.”
According to him, Nigeria did not require huge resources or set of punitive laws to boost the manufacturing sector, but what is required is just some level of seriousness and simple measures such as leadership and enforcement which will not cost so much.
The industrialist therefore urged managers of the Nigerian economy to look at trade regulations, pointing out that importation of cheap products is a problem to Nigeria’s economy.
Corlins Walter
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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