Business
Absence Of Strong Enterprises Hinders Industrial Dev – NIPC
The Nigerian Investment
Promotion Commission (NIPC) has said the absence of strong and virile enterprises had hindered the development of Nigeria’s industrial sector.
The Acting Executive Secretary of NIPC, Alhaji Abulkakir Hassan, said this at the inauguration of the Abuja Chapter of Entrepreneurs’ Organisation (EO Nigeria) in Abuja, on Wednesday.
Hassan said that enterprises had been widely acknowledged as the springboard for sustainable industrial and economic development.
The acting executive secretary was represented by the Director of Infrastructure in the commission, Alhaji Sulaiman Takuma.
According to Hassan, the numerous goods being produced by enterprises provided veritable means of large-scale employment as they were usually labour intensive.
He said that enterprises also provided training ground for skills acquisition which was critical to industrial development as they rely on the use of raw materials.
Hassan said that these contributions explained why governments and international agencies mobilised efforts toward the realisation of sustainable industrial and the creation of mass employment through rapid growth and development of enterprises.
He stressed the need for the development of indigenous entrepreneurship which would lead to acquisition of requisite skills and relevant technical training and development of modern enterprises.
The executive secretary said that for enterprises to meaningfully contribute to economic growth, development and transformation of the country, government policy focus must seek to address unstable macro-economic environment.
According to him, the absence of prudent fiscal management should also be addressed.
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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