Business
2017 Budget: N’Delta Militancy ’ll Spell Doom -Expert

Experts have warned that the renewed threat of hostilities in the Niger Delta could spell doom for the economy as much of the 2017 budget has been predicated on oil revenue from the region.
Lead Director Centre for Social Justice, Eze Onyekpere said that while the disruption of oil production activities in the Niger Delta had a great impact on the 2016 budget, another round of hostilities will only make matters worse for the 2017 budget.
He argued while speaking to newsmen recently in Port Harcourt, that if the Federal Government failed to realize its target of 2.2 million barrels of oil per day, as estimated in the budget, there will be no magic that will make the budget work.
According to him, until the Federal government realizes the need to seek genuine dialogue with the Niger delta people, it will continue building castles in the air.
“The truth is that what is happening is not bound to happen, it can be avoided, if the government does the right thing.
“The problem is the arrogance of power from the President and the people around him”, he said.
He opined that until the government realizes that the oil they continue to beckon does not belong to the Federal government but to the people of the Niger delta, the problem will persist.
Onyekpere insisted that the only constitution which talks about how to distribute revenue in the federation and was agreed to by the representatives of the people was in 1960 and 1963.
“Those were the constitutions negotiated by the likes of Nmamdi Azikiwe, Tafawa Balewa and Obafemi Awolowo amongst others”, he said.
Leader of another Civil Society Group, Vanguard for Transparent Leadership and Democracy (VATLAD), Comrade Odafe Igbini advised President Muhammadu Buhari to swallow his pride and constitute a government of national unity to assist him in salvaging the economy.
Igbini lamented that two years after taking over the reins of power, Buhari has been superintending over an economy that is in recession and almost slipping into depression.
According to him, the standard of living of the people has continued to dwindle following the rising inflation and unemployment in the country.
Buhari and the APC owe it as a duty to Nigerians to resolve these issues instead of lamenting and blaming the previous administration.
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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