Business
Study Underway To Ensure Stable Power Supply
President Muhammadu
Buhari says careful studies are already under way to identify the quickest, safest and cost-effective way to bring light and relief to Nigerians.
Buhari made the remark in his inaugural speech on Friday in Abuja shortly after taking the oath of office.
According to him, no single cause can be identified to explain Nigerian’s poor economic performance over the years than the power situation.
“It is a national shame that Nigeria spent close to 20 billion dollars on power in 16 years only generate 4,000MW of electricity.
“It is a national shame that an economy of 180 million generates only 4,000MW, and distributes even less.
“Continuous tinkering with the structures of power supply and distribution and close to $20billion expanded since 1999 have only brought darkness, frustration, misery, and resignation among Nigerians.
“We will not allow this to go on.
“We intend to attack the problem frontally through revival of agriculture, solid minerals mining as well as credits to small and medium size businesses to kick – start these enterprises.
“We shall quickly examine the best way to revive major industries and accelerate the revival and development of our railways, roads and general infrastructure,” he said.
The president said that careful studies are under way during this transition to identify the quickest, safest and most cost-effective way to bring light and relief to Nigerians.
Buhari promised to ensure that there is responsible and accountable governance at all levels of government 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.
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