Business
‘Infrastructure, Recipe For Nigeria’s Economic Growth’
Going by the current state of the economy to sustain the momentum of recovery, there is the need for governments at all tiers to focus more on policies that would unlock rapid development in infrastructure and adopt appropriate regulatory framework to restore Nigeria’s challenges and attract new businesses into the country.
Speaking with The Tide in an interview at Opobo Town, last week, a renowned labour leader and chairman, Opobo Investment and Cooperation Society Limited, Comrade Emeka John-Africa, stressed that Nigeria’s low foreign direct investment (FDI) pull is primarily due to the deplorable state of nation’s infrastructure and other impediments hampering the ease of doing business in Nigeria such as unfavourable reforms and regulations, among others.
He expressed worry on the impact of slow economic growth in various sectors in the last for years, noting that if government fails to tackle the problems within the shortest period, the country may experience another tedious recession while the proportion of people living in poverty may continue to increase.
The cooperative society leader said Nigeria needs more FDI to restore growth.
According to him, to attract huge investment into the country, Nigeria needs to develop her infrastructure and adopt regulatory framework, policies and institutions to encourage continuity and attract new businesses.
He explained that diversification of investment which is clearly significant for the growth of the economy is really critical, stressing that we all know that growth has been on the back of oil and population but now needs to secure those investments and for there to be genuine investment, we need improvements that business can see and feel at the operational level, especially on the ease of doing business.
By: Bethel Sam Toby.
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
-
Maritime2 days ago
Minister Tasks Academy On Thorough-Bred Professionals
-
Maritime2 days ago
Customs Cautions On Delayed Clearance, Says Consignees May Lose Cargo
-
Maritime2 days ago
NCS Sensitises Stakeholders On Automated Overtime Cargo Clearance System
-
Maritime2 days ago
Lagos Ready For International Boat Race–LASWA
-
Maritime2 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround
-
Politics2 days ago
I Would Have Gotten Third Term If I Wanted – Obasanjo
-
Sports2 days ago
Bournemouth, Newcastle Share Points
-
Sports2 days ago
Iwobi Stars As Fulham Overcome Brentford