Business
Buhari Assures Private Sector Of Consistent Policy Direction

President Muhammadu Buhari has assured that his administration would continue to set clear and consistent policy direction to provide conducive environment for the private sector to thrive.
The president made this known in Kaduna while declaring open the 41st Kaduna International Trade Fair, at the weekend.
The president, who was represented by the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said that the private sector was the engine room of growth and prosperity in any nation.
Buhari expressed the hope that participants at the trade fair would avail themselves with the considerable opportunities it will present to ensure sustainable economic growth in Nigeria.
He said the theme of the fair, which is “Unlocking Nigeria’s Economic potential through Regional Integration,” was apt and in line with his administration’s economic policies and programmes.
He said Nigeria has one of the largest markets in Africa, as such trade fairs such as the one in Kaduna should serve as platform for promoting small and medium enterprises by showcasing Made-in-Nigeria products.
The President said small and medium enterprises is an important pillar of Nigeria’s social economic development and regional integration.
“This year’s event is an opportunity to bring together investors, traders and operators of Agriculture, agro allied businesses from within and outside the country for the promotion of trade and commerce, wealth and job creation and above all, alleviation of poverty in Nigeria.
“The Federal Government in recent times, launched a new policy aimed at attracting foreign direct investment which include ease of doing business, enabling environment, infrastructure development, improving business confidence and generally providing various incentives to selected critical sectors of the economy,” he said.
He added that the government was also putting efforts on security of lives and property, as well as ensuring robust business environment.
“The African Continental Free Trade Area Agreement (AFTCA) is a plus in African regional integration,” he added.
He further reiterates that the tasks of transforming Nigeria to an industrial giant cannot be achieved without the needed collaboration with the private sector.
“In this regard, the administration will welcome ideas, suggestions and initiatives from all stakeholders on how best to ensure sustainable economic development,” he said.
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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