Business
Stakeholders Optimistic On Nigeria’s Capacity To Surpass 4.8% Growth
Some economic
stakeholders have said that the Federal Government might meet the 4.8 per cent projected growth by the International Monetary Fund (IMF), through effective harnessing of agricultural potential.
They made their optimistic projections in separate interviews with newsmen in Lagos.
Mr Johnson Chukwu, the Chief Executive Officer, Cowery Asset Management, urged all the three tiers of government to overhaul their agriculture development approach to maximise the growth projections.
“The agriculture sector has the capacity of contributing over 70 per cent of the nation‘s earnings when adequate attention is devoted to by all tiers of government.
“It has been done successfully in many countries where agriculture is used by the government to meet their obligations to their citizens,” he said.
Mr Samson Igbafen, an entrepreneur said that the growth projection could be surpassed by the government when they reinvigorate their commitment in using agriculture as a transformational development vehicle.
Igbafen, who is also the Chief Executive Officer, Oze Ltd, Lagos, said that government should encourage more Nigerians to venture into entrepreneurship to bring about sustainable economic growth.
“Our government must continue to encourage more young people to go into entrepreneurship and be innovative to create wealth as quickly as possible.
“ It is a known fact that doing business is one of the most reliable means of generating wealth in this jet age in spite of the decline in oil price,” he said.
Also speaking, Mr Chris Nemedia, a former Director of Central Bank of Nigeria, (CBN) said that in spite of the nation’s economic challenges, the economic outlook looked promising.
”The economy will be able to meet up and increase astronomically, when majority of the earnings are accrued from other areas outside crude oil,” he said.
Our correspondent recalls that IMF had predicted that the global crash in crude oil price would impact negatively on the Nigerian economy as well as other African oil producing countries in 2015.
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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