Business
COVID-19: Okowa Expresses Fears On Budget Implementation

Governor Ifeanyi Okowa of Delta State, has expressed fears over the economic implications of the recent crash in global oil price occasioned by the outbreak of the Coronavirus scourge.
The governor who expressed the fear, yesterday in Asaba during his quarterly interaction with the media, said the state government was likely to cut down its 2020 budget if the situation persisted.
He noted that there was no doubt that the recent slump in oil price would pose a major challenge in the economy of the states and nation at large.
“Events of the last few weeks with regards to the recent crash in global oil price poses a major threat to the source of government revenue.
“Definitely, this development will no doubt affect the successful implementation of the 2020 budgets of states and the nation at large.
“We are however, being very cautious and don’t want to rush into decisions on this. We will slow down on capital budget. But we will encourage contractors to stay on sites.
“There is no doubt that COVID-19 is currently affecting national economy negatively. Because as I speak, many industries are not in full production at the moment.
“And if the threat is not checked, it is going to create more negative impact on the economy, especially, the internally generated revenue,” Okowa said.
The governor, however, said that his administration had continued to invest in manpower development through engagement and empowerment of youths.
“This is why here in Delta, we have continued to explore and see how best we can diversify our economy so that we don’t depend solemnly on oil,” he said.
According to him, the acquisition of technical skills and investment in agriculture will go a long way in propelling economic growth and development.
“We will continue to strengthen technical education in our state to develop technical manpower to grow and develop our state economy.
“It is in view of this that only recently, we awarded contracts for the establishment of nine technical colleges in the state.
“We will also continue to finance the agriculture sector to make it lucrative so that more and more people can go into farming,” the governor 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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