Business
‘Blame-Game Cannot Grow Nigeria’s Economy’
An economic expert has
warned that the blame game going on in the country would not grow the economy.
The expert, Managing Director/Chief Executive Officer (MD/CEO), Afro-Rivers Nigerian Limited, Chief (Dr) Diamond Tobin-West, made this known during the Flexus Global Solutions Investment Conference in Port Harcourt.
Tobin-West, who was a former Accounts Manager with Alternative energy Solutions Ltd, Toronto, Canada and now Amanyanabo of Okpo Community in Kalabari Kingdom said, “if you want to blame Mr A or B, what is the essence of being there saying the mandate was given for the leader to salvage the situation of the economy.
He said that government has a role to play in formulating the necessary policies and frame work that would make businesses to grow.
Tobin-West expressed worry that most manufacturing businesses have closed down thereby increasing the rate of unemployment in the country.
The Afro-Rivers boss noted that if government backs up businesses, through the provision of infrastructure, energy and conducive economic policies, that these moves would bring a turn around in the economy.
The MD/CEO of Flexus Global Solution Investment, Mr Henri Kounougna noted the need for financial education, stating that many businesses collapsed due to lack of financial knowledge by their owners.
“People think investment is risky but without investment it will be difficult for any business to make a head way. Flexus offers businesses opportunities to grow, save and get into wider sectors that stop the era of complaint in our investors”, he noted.
He also said that the conference exposed their investors to the present flagged off promo” which exists in the company, adding that Flexus Global Solution would soon integrate online investment platform to ease the plight of investors and increase investment monitoring.
In his contribution, Mr Alfred Tabiti, Ensure Insurance Company commended Flexus for insuring the business which makes it very authentic, adding that investors fortunes are secured by this move and gesture.
He noted that lack of awareness affected insurance policy in the past, noting that insured businesses stand the taste of time without fear of any economic crisis.
The financial control officer of the company, Mrs Elizabeth Onuh highlighted that Flexus has helped many collapsing businesses through cooperative, savings and other varieties of business ventures.
Lilian Peters/Silverline Nkemjika
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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