Business
ANLCA Seeks Waiver On Auto Parts
The President, Associa
tion of Nigerian Licensed Customs Agents (ANLCA) Prince Olayiwola Shittu, has called on the Federal Government to grant zero per cent duty to importers of automobile parts into the country.
Speaking to newsmen in Lagos on Monday, the ANLCA boss said the duty free policy on automobile parts by the federal government would encourage manufacturers to bring in their equipment as well as create more jobs and support local assembly plant to manufacture world-standard vehicles.
Shittu said Nigeria rather than being seller of imported automobile parts should be encouraged to develop local manufacturing plants to give jobs to Nigerians.
He said government should assist the locally automobile manufacturing plants in Aba, Nnewi and Onitsha Anambra State through formulated policy free of duty charge as a matter of encouragement and national policy.
He said the auto firms would provide jobs for many Nigerians and boost the economy, considering the huge market for vehicles in the country.
Shittu called upon the federal government to give the necessary attention to small scale enterprises in the auto sector to boost made –in-Nigeria vehicles in the next few years.
Shittu said the 10 per cent import duty imposed on vehicles by the federal government would push the business of vehicle importation to ports of the neighbouring countries.
He called on the government to review such policy to attract more revenue rather than diversion of revenue earning source to neighbouring countries.
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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