Business
Osinbajo Offers Opinion On Business Environment
Vice President Yemi Osinbajo has said that the administration was on the right path in improving Nigeria’s business environment and diversifying the economy.
Osinbajo made the submission in an interview with the Financial Times, where he also said that the federal government’s investment in infrastructure would improve local manufacturing capacity, according to a script of the interview released by Mr. Laolu Akande, the Senior Special Assistant to the President on Media and Publicity.
Osinbajo said that there had been a lot of damage to the environment in terms of business and others, but effecting the correction would take a while.
He said that the administration is barely three years old, but is focused on doing the right thing.
“The moment you have the right people and you put the right structures in place, you can do a lot, and I think we have been blessed with an incredibly good team.
“We wanted us to be much farther ahead in terms of manufacturing. But a lot of these things are also infrastructure constraints that cannot be developed overnight, which explains why we are investing heavily in infrastructure.
“We focus a great deal on diversifying; agriculture, manufacturing; we’ve focused on trying to diversify as much as possible, and we think that that is the path to go. There is no other way of doing this.
“And if you look at the figures, there has been tremendous improvement, even export of raw materials, agriculture produce, even manufacturing has improved. I think that we are on the right path. I am convinced that we are going to stay the course,” the vice President said.
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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