Business
Residents Laud Tariff Hike On Imported Luxury Goods
Residents of Awka have lauded the recent announcement by the Federal Government to increase tariff on luxury goods to boost the economy and create more job opportunities for Nigerians.
The Tide source reports that many residents in Awka praised the hike while insisting that only buying made in Nigeria goods would help to quickly end the recession.
Mr Akonam Iloanya, a businessman said that with the law in place, Nigerians would benefit as the value of the currency would improve.
“It is long overdue for such a policy to be put in place for the survival of the nation.
“There is no point buying consumables from overseas while our locally produced food stuffs are being neglected thereby, subjecting our money to ridicule,” he said.
A civil contractor Mr. Nnamdi Nwafam said that if adhered to the policy would yield gains for the country.
“I am giving the hike in tariff on luxury goods a 100 per cent support. The wealthy in our society will have a rethink before engaging in buying such items.
“The rich in the nation should invest large portion of their wealth in building industries that will produce goods and help farmers in advancing their products instead of depending on foreign goods,’’ he said.
Mrs Stella Ike, a civil servant was optimistic that the country would be out of the recession when such a policy was implemented to the letter.
“It is a good move by this administration to make the few privileged rich among us to pay more into government coffers for their imported luxurious goods.
“As long as the tariff goes into the right government account, by so doing Nigeria will soon get out of the woods,” she said.
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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