Business
2015 Budget: Stakeholders Task FG On Strict Compliance
Some Stakeholders in the
Nigerian economy have urged the Federal Government to ensure strict implementation of all measures being put in place in the 2015 budget to stabilise the economy.
The stakeholders have posited that if government could cut down on the allocation to payment of subsidy on kerosene, it would save money for investment in the critical areas of the economy.
In his submission while interacting with The Tide on the state of Nigerian economy and the 2015 budget, Mr Bayo Adewale, who is a staff of the Nigeria Liquefied Natural Gas said that money saved from the payment of subsidy on kerosene should be used to develop the gas industry to replace kerosene infrastructure.
He said that government should encourage manufacturers by encouraging low interest rates for the small and medium scale enterprises.
Adewale noted with confidence that with the continued fall of oil prices, Nigerians would face tougher challenges in 2015, adding that government must come up with some incentives to encourage investors to invest locally.
On his part, Denis Okoro, a lecturer in economics at the Federal University Wukari, said that the 2015 budget as estimated, would encourage local manufacturing as government was shifting from oil revenue to non-oil revenue.
He said that measures being adopted by government would encourage local manufacturing as more energy would be produced and targeted at industrial base of the country.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension