Business
Boat Designer Urges Nigerians To Invest In Water Transportation
A boat designer, Mr
Ndukwe Azunna, has urged Nigerians to invest more in water transportation to ease the pressure of moving humans, goods and services on the roads.
Azunna, the Managing Director, Talia Watercraft Company, made the call in an interview with newsmen on Monday in Lagos.
He said that if government at all levels and private investors invested in the industry it would help to harness fully the opportunities inherent in using modern boats to support the transportation system.
Azunna said that it would boost economic activities along the coastal areas, create more jobs through their operations and ease the pressure on the roads.
He said that investments in modern boats which could be done locally by supporting professional boat designers would encourage more people to travel and move their goods through water.
“We have a lot of small groups building boats, but they basically use the mould of the ones that have been made since early times when boat building started.
“However, the vast coastal areas of Nigeria can be fully utilised to boost economic activities if the boats are modern and more people are encouraged to travel and move their goods by ferries.
“The industry can be turned around if the boat designing sector gets support to design and have the artisans build them locally.
“It is just about vision to grow the sector, especially as the free trade zones are coming up,” he said.
Azunna said that it was sad that financial institutions could not support the sector, noting that many banks lacked requisite understanding of the workings of the sector.
“Banks are not familiar with the sector, so, the loans are just not given, except if you can prove that you will make money from the business immediately.
“It means you must have started the business already and started making profits before the banks can assist.
“They need to know that Nigeria’s transport sector is wide and most times the roads have been over stretched. The ferry system can do a lot more with modern boats,’’ Azunna said.
On safety, the boat designer said that modern boats like the catamaran were more stable since they had double hauls.
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
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension