Business
Business Registration: LCCI Seeks Govt, Private Sector’s Synergy
The Lagos Chamber of Commerce and Industry (LCCI) has called for robust engagement between the private sector and government to actualise the new period for business registration.
The Director-General of LCCI, Mr Muda Yusuf, told newsmen in Lagos recently that there was need to constantly monitor and ensure effective implementation of the new reform.
According to him, this will boost investors’ confidence and economic growth.
Our source reports that the Presidential Enabling Business Environment Council (PEBEC) meeting on April 24 ended with a resolution to reduce business registration period from 10 days to two days.
The decision is to save time and reduce cost of business registration, improve the business clime and the country’s Ease of Doing Business ranking.
According to Yusuf, the private sector is duty-bound to constantly assist government with feedbacks to achieve effective implementation of the reform.
“The decision is laudable and I believe it will have desired effects because the government is committed to it.
“As stakeholders in the economy, we should assist government with information and feedback to drive the implementation.
“If it is not working in line with what is promised, we will engage government on it.
“What is important is that there is sincerity of purpose, government is committed to it and the council is headed by the Vice President.
“There cannot be a better commitment and seriousness than that,” he said.
Yusuf said that the decision would boost investment, encourage more Micro Small & Medium Enterprises (MSMEs) to formalise their businesses and spur the development of the sector for improved contribution to the country’s Gross Domestic Product (GDP).
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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