Business
Obaseki Presents N146.66bn 2018 Budget Proposal To Assembly
Governor Godwin Obaseki of Edo State has presented budget proposal of N146. 659 billion for 2018 fiscal year to the state House of Assembly.
The Tide source reports that the budget proposal is 15 per cent above the 2017 budget of N127.921 billion.
The 2018 budget, tagged “Budget of Growth”, has N79. 8 billion voted for capital vote, while N66. 8 billion was proposed for recurrent expenditure.
The governor said the budget proposal had a deficit of N26.56 billion which would be funded through internal and external financial interventions from Central Bank of Nigeria (CBN) Special programme and World Bank.
He said the budget was planned with 45 dollars bench mark crude oil price with a production of 2.3million per day and increased state internally generated revenue.
“We envision a future that will create jobs; the 2018 budget will consolidate on the infrastructural and socio-economic gains of the outgoing year 2017.
“It will drive our transformation agenda in various sectors such as infrastructural development, enhancement of social welfare and sustainable environmental projects.
The budget breakdown shows that N51.7 billion was allocated to infrastructure development, N9.7 billion for economic growth and employment, N6.3 billion for education, while health will gulp N3.3 billion.
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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