Business
Expert Tasks FG On National Assets Valuation
A financial expert, Mr Boniface Okezie has warned against under-valuing some national assets, including the National Theatre and Tafawa Balewa Square before selling them.
The Federal Government has proposed selling off some key national assets to finance the 2018 budget.
Okezie, who is also the President of the Progressive Shareholders Association of Nigeria, gave the warning in an interview with newsmen in Lagos on Monday.
“Having openness in the process will lead to the right investors to acquire the assets with the technical and financial power to manage the monument.
“The importance of sincerity in selling the assets cannot be over-emphasised because the citizenry are feeling that they are being short-changed by the authorities.’’
Okezie lamented that government’s assets worth billions of dollars were under-valued and sold to political cronies without due process.
“Refraining from the mistakes of the past where most government’s assets were sold to political friends without following due process will not be part of us anymore, if government could get this one right.’’
The financial expert argued that entrenching transparency in the sale of the assets was necessary to engender resuscitation of the economy.
“The capital expenditure which covers the infrastructure aspect of the budget will be met and the expected growth in the economy will be achieved.
“If the proposed policies are executed to the logical conclusion, the budget will meet the yearning of the masses and the economy will experience a boom,’’ he said.
Among the assets to be sold are the National Integrated Power Plant plants, National Parks and the Niger Delta Power Holding Company.
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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