Business
Bizman Makes Case For Automotive Intervention Fund

A business executive and dealer in the automotive industry, Engr. Aminu Mahmood, has made case for the provision of Auto Intervention Fund, to support the development of locally assembled automobile and spare parts companies in the country.
According to him, it has become imperative for government to give such support to operators of the industry, given the negative impact of Covid-19 pandemic.
Mahmood, while speaking to aviation correspondents on arrival at the Port Harcourt International Airport, Monday, said that there was an urgent need to revive the assembly plants or expand their operations.
“This is necessary because of the importance of the automotive industry to national development, especially in terms of employment and technology transfer.
“Apart from funding for intervention and bailouts, without patronage, the capacity of the industry will not be increased and employment will not be created.
“Nigeria has come a long way, yet not much have been achieved in the automobile manufacturingand engineering, so we need to improve”, he said.
The auto industry business executive,however, applauded the impact made by some automobile companies like the Innoson motors, and PAN in the development of the Nigerian automotive industry.
He regretted the removal of automotive levy in 2007, which he said, would have given more impetus to the development of the industry.
According to him, the industry would only thrive if there is good patronage from Nigerians, especially from government agencies, rather than relying on importing second hand vehicles with the associated hazards.
By: Corlins Walter
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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