Business
Bizman Backs Oil Subsidy Removal
A Port Harcourt-based
businessman, Mr Emeka Iwezor, has said that removal of oil subsidy is one of the best things President Goodluck Jonathan would do for Nigerians if the subsidy money is sincerely channeled toward people-eriented development projects.
According to Mr Iwezor, after removing the subsidy, the Federal government should ensure the liberalization of the oil sector by allowing private investors wishing to build refineries to do so without unpleasant conditions.
“Nigerians should not be afraid of fuel subsidy removal as that will usher in a better economic and living condition for them as well as reduce the pump price of the product as witnessed in the telecommunications sector”, he said.
Mr Iwezor noted that if the policies on the oil subsidy removal are religiously implemented and more refineries established, the country would witness a new dawn in economic and social development, pointing out that the fear of those kicking against the removal was based on lack of trust in the management of the subsidy money.
“It’s not for Nigerians to suffer but the fear is that the money will not be properly accounted for because more than 80 per cent of Nigerians are corrupt, especially those in leadership and government”, he stressed, arguing that it was wrong for labour to kick against the proposal as some persons are being enriched daily by the subsidy.
“If President Jonathan has love for the nation, he should remove oil subsidy. If the Nigeria Labour Congress (NLC) is against it, it means corruption has also infiltrated into them and they are benefitting from the subsidy”.
On the recommendation of the national conference on new states creation, the business tycoon said any area found to be viable could be given but the sharing of national resources among states should be discouraged.
According to him, all the states should be made to control their resources and pay a certain percentage to the centre, stressing that sharing of monthly allocations to states and local governments does not do the country any good as it renders many of them unviable.
He said the continuous operation of the foreign troops against insurgency in Nigeria should be encouraged by all well-meaning Nigerians until the menace is wiped out entirely.
Shedie Okpara
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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