Business
Minister Urges Nigerians To Patronise Local Products
The Minister of Trade and Investment, Dr Olusegun Aganga, has urged Nigerians to patronise local products to boost rapid industrialisation.
Aganga, who gave the advice in an interview with The Tide source in Ota, stressed the need for people to change their mentality about made in Nigeria products.
“ The more Nigerians purchased imported goods, the more they are creating poverty because this would increase the nation’s unemployment rate.’’
Aganga noted that when Nigerians buy locally made products, they were indirectly creating employment which is good for the economy.
He said the Federal Government had been promoting local content especially in the automobile industry.
Aganga said government was working on how average Nigerians could benefit from inclusive growth by focusing on labour intensive sector.
He added that government had also intensified efforts to stimulate the agricultural sector since it was the major employer of labour.
“We are making the Small and Medium Enterprises (SME) to be active by providing single digit interest rate to create job for an average Nigerian’’, he said.
Aganga said that the government had built strong institutions to tackle corruption and to attract more direct foreign investment into the country.
He stressed that the number of industries coming into the country had increased in spite of various challenges.
Aganga said Nigeria, being the largest economy in African, was attracting more investors into the country to do business.
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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