Business
Association Obtains N500m Loan To Purchase Surplus Wheat
The Kano State Chapter
of the Wheat Farmers Association of Nigeria (WFAN) said that it was ready to purchase surplus wheat from its members, after obtaining a N500 million loan.
The state Chairman of the association, Mr Faruk Rabi’u, said this in an interview with newsmen in Kano, on Saturday.
Rabi’u, who is also the Deputy National President of the association, said the bank had already approved the loan, pointing out necessary formalities had been completed for the release of the money.
“Lack of a ready market is one of the factors discouraging wheat production, not only in the state, but in the country in general.
“Many farmers in the state have lost interest in cultivating wheat because of lack of a ready market for the commodity, hence the decision to secure the loan.’’
He noted that buying the surplus of the commodity from farmers will not only encourage them to remain in the business but it would go a long way towards encouraging other farmers to embrace wheat production.
Rabi’u said the association would purchase the commodity at good prices, to enable them to recoup their money and make a profit.
“The purpose of the loan is to buy the surplus so that the association can dispose of the product later to companies that are interested.’’
According to him, some companies have already indicated their interest in purchasing the commodity in bulk from the association.
He, therefore, called on wheat farmers in the state to give the association the necessary support and cooperation.
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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