Business
Recession: Rivers, Bayelsa MAN Lists Antidotes
The Manufacturers Association of Nigeria (MAN) says, the country would easily recover from its present economy challenges, if the governments as the highest spenders should begin to patronizing made-in-Nigeria’s products.
The Association made its suggestion in a pre-Annual-General Meeting press statement signed by the Chairman of its Rivers/Bayelsa States branch, Prince Charles Beke and read by his representative, the 1st Vice Chairman of the branch, Mr. Vincent Okuku in Port Harcourt.
The Association called on governments at all levels to consult widely with major stakeholders for effective policy formulation to tackle recession in the country.
The manufacturers, who decried the activities of tax agents and consultants toward its members and other corporate citizens, also called on governments of Rivers and Bayelsa State to do away with such agents and collaborate with the organized bodies like MAN and others to recover its revenue generation devoid of harassment and unconducive business environment.
According to the Association, Manufacturers in both States (Rivers/Bayelsa) had since last year been facing challenges like multiple taxation, harassment by tax agents, scarcity of Forex, fall in the exchange rate of Naira, Introduction of list of items not valid for Foreign exchanges at the Inter-bank market and the introduction of Flexible exchange regime, amongst others.
The Association commended the governments in Nigeria, including the Rivers and Bayelsa States for their readiness in tackling the current recession in the country, advised the governments to double up its budgets implementations as part of the measures to addressed economic challenges.
Meanwhile, the Chairman of the Rivers/Bayelsa States branch of Manufacturers Association of Nigeria, prince Chales Beke has announced the 32nd Annual General meeting of the Association scheduled to hold on October 20, 2016 in Port Harcourt.
Enoch Epelle
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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