Business
Don Wants FG To Address Bureaucracy In Business
An economist, Dr Aminu
Usman, has advised the Federal Government to formulate policies that would eliminate all forms of bureaucracy that hampered the process of doing business in the country.
Usman, who is also a Lecturer at the Department of Economics, Kaduna State University, gave the advice in an interview with newsmen in Abuja.
The lecturer, who spoke on the World Bank latest ranking of Nigeria on “Ease of Doing Business Report”, said that moving up one step could be seen as a positive development, adding that however that it was nothing to celebrate.
The Tide source reports that the report released by the World Bank showed that Nigeria moved from 170th position in 2015 to 169th out of 189 economies.
According to the report, there is improvement in protecting minority investors and registering property compared to 2015.
“Nigeria should remove too many bureaucracies and corruption in the system, in addition to addressing current security challenges.
“The country must improve our learning curve fast.
“We must take conscious steps to improve on all the areas that are measured so that we can move up significantly to give the impression that we are now serious.
“If we achieve that, we will be able to attract the attention of investors to come to us instead of going to other countries equally seeking for investors,’’ the lecturer said.
Usman said that the issue with ease of doing business in the country was very serious, adding that the country needed to attract foreign direct investment.
The lecturer, however, said that the country would have been attracting investors if the business environment “is has been friendly’’.
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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