Business
Lawmaker Wants Nigerians To Patronise Locally-Produced Goods
A Lagos State lawmaker, Hon Setonji David has appealed to Nigerians to patronise locally-produced goods and services to propel the growth of the economy.
David, representing Badagry Constituency II at the Lagos State House of Assembly made the appeal in an interview with journalists in Lagos.
He said that patronage of local products remained the panacea to most of the economic challenges facing the country.
“That Nigeria is back to shape and credible is cheery news. That our external reserve is growing is a good development.
“The Federal Government should sustain this and ensure that the dependence on foreign goods is curtailed,” he said.
David, who is the Chairman, House Committee on Physical Planning and Urban Development, hailed the boost in rice production, saying Nigeria must grow what its people eat, need and use.
“We need to desire freedom from foreign slavery; we should grow what we eat and use.
“We have to use things that are produced in this country, we must be proud of our things, irrespective of how they are packaged, we can’t continue with this economic slavery,” he said.
David said that government could achieve inclusive growth by providing enabling environment and markets for infant industries to grow.
The lawmaker, said that the end of recession would have positive multiplier effects on the economy and prices of goods and services and urged Nigerians to be patient with President Muhammadu Buhari.
According to him, destruction is one of the easiest things to do, building takes longer time and efforts.
It would be recalled that the National Bureau of Statistics (NBS) on September 5 reported that the country had officially exited recession.
The data showed that the country’s GDP grew by 0.55 per cent year-on-year in real terms in the second quarter of 2017.
The report said that the recovery was driven principally by the performance of oil, agriculture, manufacturing and trade sectors.
The bureau said that the figure indicated the economy was out of recession after five consecutive quarters of contraction since first quarter of 2016.
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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