Business
Nigeria’s Telecoms Sector, Very Attractive To Investors – BPE
The Director-General of
the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has declared the telecoms sector in Nigeria as being very attractive to investors.
The DG stated this in Abuja last Friday at the National Defence College Course 23 Seminar titled “Accountability in Governance and National Development”.
Dikki said that the telecoms sector has so far attracted over $40 billion investments and created over one million job opportunities for Nigerians.
The DG noted that the deregulation of the telecoms. Sector 13 years, ago and the participation of private GSM operators like MTN, GLO, Airtel, Etisalat, Visafone etc, has resulted in over 123 million active telephone lines available in Nigeria compared to 450,000 lines before the telecoms sector deregulation by the Federal Government in 2001.
He said BPE has played critical role in enthroning accountability and good governance in the country.
Dikki said through the efforts of the BPE institutions were established to ensure accountability and transparency in governance, stressing that National Pension Commission (PENCOM) was established to ensure accountability of staff pensions deductions.
He said pencom today has accumulated over N4 trillion in stable deposits for development investment as well as the formation of the Debt Management Office (DMO) being responsible for the continued determination of Nigeria’s total external borrowings.
The DG explained that the formation of the Economic and Financial Crimes Commission (EFCC) has increased accountability and assisted in reducing theft of government funds now freed for development and the conviction of many corrupt officials
Other gains listed by the BPE boss were the unbundling of Power Holding Company of Nigeria PHCN into 18 successor companies and the successful privatization of the power sector, stressing that the power sector today has been taken out of direct government budget into private investors.
He stressed that the Federal Government has also handover the various seaports through concession with huge investment that government could not have contemplated.
He called for support for the bureau of public enterprises from Nigerians for it to ensure proper accountability, transparency and honesty in governance in the country.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford