Business
‘Policy Inconsistency, Bane Of Maritime Industry’
Former ANLCA Public Relations Officer, Seme Border, Emmanuel Okwoche, has identified policy inconsistency as the bane of the maritime and freight industry in the country.
The customs broker noted that due to unstable policies in the sector, it has been very difficult to make predictions and long term planning for Nigeria’s economy.
This uncertainty, he said, has discouraged investment in the country.
Okwoche who disclosed this in an exclusive interview with The Tide in Lagos on Monday advised the Federal Government to maintain stable fiscal policies as contained in budget at the beginning of every year.
“Avoidable alterations and amendments should not be allowed mid year to enable stakeholders in the economy to make long term projections, predictions, planning and investment. This is what economic stability and consistency is all about”, he affirmed.
For formulation and implementation of policies that would stand the test of time, Okwoche proffered that the presidency should create a kind of a clearing ministry for policy inputs from all stakeholders.
He said that such a body which must traverse different disciplines and parastatals would collect and collate policy proposals advanced from several sources, digest and properly assimilate them with a view to producing a harmonised output and then present them to the government for legislation and implementation.
Okwoche suggested that the policy clearing ministry in the maritime sub-sector should be constituted by the Nigeria Customs Service, Nigeria Ports Authority, officials of the ministries of Transport and Finance, as well as private port operators like the freight forwarders, among others.
This way, he said, the maritime sub-sector of the economy would be rejuvenated and redirected for growth and development.
By: Nkpemenyie Mcdominic, Lagos
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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