Business
Ministry Evolves Blueprint To Block Revenue Leakages
The Minister of Mines and Steel Development, Dr Kayode Fayemi, has said in Lagos that the ministry was evolving a blueprint to block all revenue leakages in the sector.
Fayemi told newsmen at the sidelines of a media economic discourse that the blockage would help to scale up the sector’s contribution to the nation’s Gross Domestic Product (GDP).
The minister said the sector had potential to generate more revenue than what it was generation at the moment.
The Tide source reports that the theme of the discourse was: “The Hard Facts to Rescue the Nigerian Economy’’.
He said the ministry had embarked on training of artisans and small scale miners, to enable it to achieve economies of scale and gain more access to funding.
The minister said: “in exploration, you cannot do anything if you don’t search; geological searching is in the act of mining.
“We are also recruiting people for exploration and doing a lot to get Ajaokuta on the ground.’’
He also said that the released 2017-2020 Economic Growth and Recovery Plan (ERGP) by the Federal Government came after due consultations with economy stakeholders.
Fayemi canvassed citizens’ support for the full implementation and realisation of the ERGP.
He said that the President Buhari led government was determined to recover from the recession for sustenance, rather than consumption.
Fayemi explained that the country never suffered from lack of plans but lack of implementation by past regimes.
“However, this time, the government had vowed to embark on speedy implementation of the ERGP.
“The ERGP emphasizes investment in infrastructure, especially in power, roads, rail, ports and the broadband networks.
“ It builds on ongoing projects and identifies new ones to be implemented by 2020, to improve the national infrastructure backbone.
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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