Business
Revenue: We Must Look Inward To Move Forward – Wike
Rivers State Governor, Chief Nyesom Wike, has said that the Federal Allocation is no longer sufficient as he lamented over the huge wage bill of the State which stands at N7 billion monthly as against N3.5 billion statutory allocation received last month from the Federation Account Allocation Committee (FAAC).
Governor Wike said: “Last month we received N3.5 billion from FAAC and our wage bill is around N5 billion and for pension, we pay about N1 billion.
So our monthly wage bill is about N7 billion.
“We can no longer rely on FAAC, so we need to look inward and the Judiciary is going to help us achieve that, so stop rejecting case files”.
The Governor further stated that the recent Federal Allocation received last month would no longer solve the challenges facing the state compared to the over N5 billion it received in previous months.
Wike confirmed the drop in the FAAC accruing to the state, while swearing in the substantive President of the Rivers State Customary Court of Appeal, Justice Christy Gabriel-Nwankwo, on Monday at Government House, Port Harcourt, adding that it has become imperative to devise new means to improve its Internally Generated Revenue (IGR).
He also stated that the state would have to initiate a new revenue drive that would attract investors, as well as improving the IGR in order to meet up with the payment of salaries of civil servants and retirees’ pensions of the state.
Wike charged the newly sworn-in President of the Customary Court of Appeal, to work towards the stability of the State Judiciary.
In her response, the President of the Customary Court of Appeal, Justice Gabriel-Nwankwo promised not to disappoint the governor and to be fair to all in the dispensation of Justice.
Susan Serekara-Nwikhana
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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