Business
MAN Wants 45% Of 2017 Budget For Infrastructural Dev
The Manufacturers
Association of Nigeria (MAN) has urged the Federal Government to allocate 45 per cent of 2017 budget to development of capital infrastructure to accelerate economic recovery.
MAN President, Frank Jacob, told newsmen in Lagos that such allocation would create wealth and redistribute income.
According to him, allocating 45 per cent is possible, if government across board will cut down their budgetary votes on governance.
He said that the paltry 30 per cent previously allocated would not take the country’s economy from the current position.
”Sustaining this proportion over the years on infrastructural development will reposition the economy and set it on the path of prosperity.
”Allocating it to key infrastructure such as renewable energy, modern railway network across the country and information technology incubators will facilitate the development of the society.’’
Jacob stated that there was the need for the National Assembly to give the 2017 budget an accelerated hearing for a quick assent by the President.
He added that the executive must streamline the bureaucracy for timely release of funds to appropriate Ministries, Department, and Agencies (MDAs) of government.
”We must avoid the mistakes of the past where the year’s budget will not be passed and capital allocations not disbursed even at the end of second quarter of financial year.
”Prompt passage of a budget and release of funds is imperative to meet critical infrastructural demands,” he said.
The Federal Government has proposed a budget of N6.5 trillion for 2017.
The Minister of Budget and National Planning, Mr Udoma Udo-Udoma said that the budget and the 2017-2019 Medium Term Expenditure Framework would be ready by October.
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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