Business
LCCI Tasks Govt On Housing
The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr Femi Deru, has urged government at all levels to evolve policies that would make houses available to ordinary Nigerians.
Deru made the plea in Lagos at the Honours’ Nite and Launching of the Journal of Lagos State chapter of the Nigerian Institution of Estate Surveyors and Valuers (NIESV).
He said availability of houses in the country was not growing astronomically with the population because of rising cost, warning that this required immediate attention.
“Housing in urban and sub-urban areas has outgrown the population and many areas have turned to slums.
“As professionals, we know that the problem of housing is affordability. I, therefore, call on the government to develop immediate policy action to address it,” he said.
Deru urged government to tackle the problems of rising cost of building materials, registration of land use structure and interest rate regime.
Government, he said, should equally look into concerns about mortgage finance, house designs, collapsed building, site and service schemes and the Land Use Act.
“Government should also consider the development of local capacity and the reduction in the importation of buildings materials,” he added.
The LCCI president noted that a robust long-term fund was critical to the development of housing.
He said LCCI was worried about the constant collapse of buildings and the inability of government to penalise those found culpable.
Deru urged real estate practitioners to check the activities of quacks and those engaged in unethical practices, saying this would help restore dignity to the profession.
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.