Business
‘Poor Power Supply May Hamper Local Production Of Goods’
A Port Harcourt-based
social activist, Dr Chime Onumbu, has expressed worry that insufficient power supply may hamper the growth of local production in the country.
Onumbu who stated this while speaking to newsmen on Tuesday in Port Harcourt, explained that if there was steady power supply and continued patronage of locally produced goods, it would conserve foreign exchange.
He urged the local manufacturers of army boots to maintain the quality of their product in order to attract patronage from other agencies.
“One impact is that we have saved currency and the second impact is that we have actually given the local producers of these boots an unknown morale boost.
According to the social activist, the development was capable of bringing out the best from other manufacturers and individuals who may have hidden talents to come up with practical ideas.
“Even those who have some hidden talents on this kind of production can be exposed and made to blossom.
“For any economy to grow, there must be a stability in power supply, unfortunately, this is not happening in Nigeria”, he said.
He further explained that the challenge of inadequate power supply has been the bane of local manufacturers in the country.
Meanwhile, an economist, Henry Wobo, has aid that the Nigerian Army’s decision to purchase 50,000 pairs of boots from local shoe manufacturers in Aba, Abia State, would strengthen the nation’s economy.
Wobo, a chartered accountant, who stated this in Port Harcourt on Tuesday while speaking to newsmen said apart from strengthen the economy, the development if continued would create massive employment.
He also urged government to harmonise taxes to help local manufacturers.
“It is going to boost the economy in different ways “number one, you discover that it is going to lead to the provision of employment opportunities because you discover that when companies are producing and selling, they will heed human beings to get engaged in the production process,” he said.
In return, he said government would also benefit from taxes from those employed and the employers.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension