Business
Recession: Chamber Wants FG To Roll Out Short-Term Programmes
Abuja Chamber of Com
merce and Industry (ACCI) has urged the Federal Government to roll out short-term programmes to check the current economic hardship being faced by Nigerians.
A statement issued in Abuja yesterday by the chamber’s President, Mr Tony Ejinkeonye said that unless measures were taken to check the development, ending it by December may be a mirage.
Ejinkeonye was reacting to the Central Bank of Nigeria (CBN)’s claim that the country’s economic recovery would begin in the last quarter of the year.
“I do not agree that the economy will be out of recession by the end of this year. Government does not have structures on ground to suggest that it will happen.
“I do not think it is going to happen. That means the Federal Government has only one quarter to get us out of the recession that is so deep. We do not believe that. It will take a while.’’
According to him, it takes a minimum of five years for any country to recover from economic recession.
The chamber boss urged the Federal Government to put physical measures in place to demonstrate that the country would be out of recession in the next three months.
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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