Business
NASME Calls For Attention
The President of the Nigeria Association of Small and Medium Enterprises (NASME), Dr. Ike Abugu, said attention must be focused on small businesses to achieve the double digit growth needed to actualize Vision 20 – 2020.
Abugu, who spoke at the NASME patrons and trustees’ dinner held in Lagos, said what is required of government is to ensure that the natural entrepreneurial talents of the citizenry and harnessed.
He listed other factors as, government facilitating access to cheap, long-term funding for genuine enterprises, bringing back the Small and Medium Enterprises Equity Investment Scheme (SMEEIS), introducing tax holidays for start ups for the first five years and charging single digit tax thereafter,; others are introducing mandatory patronage of product of Nigerian SMEs (at least 25 per cent of government procurement must be from Nigeria SMEs), overhauling the educational system, especially science, technical and vocational education and fixing our infrastructure, especially electric power, rail roads and water.
Continuing, he said that, “it is in the interest of the government that viable business associations operate in the country as it will help organize the numerous entities operating in various industries and goes further to articulate their needs and demands for transmission to government.”
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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