Business
Excitement As Osinbajo Brings TraderMoni to Lagos Markets
Three markets in Lagos State, Ikotun, Igando and Ile Epo were last Monday thrown into frenzy as Vice President, Prof. Yemi Osinbajo, activated the TraderMoni scheme in the markets.
TraderMoni is a Federal Government’s initiative aimed at providing two million petty traders across the country with collateral-free loans before the end of the year.
Excited crowd thronged and cheered as Osinbajo walked into the markets.
Shouts of TraderMoni, TraderMoni, ‘baba’ ‘baba,’ Osinbajo Osinbajo, rented the air, while security operatives had a field day controlling the crowd.
The vice president, who acknowledged the cheers, inspected the markets and had one-on-one interactions with the traders.
Governor Akinwunmi Ambode of Lagos State accompanied Osinbajo to the markets.
Also in the team was Daddy Showkey, a “galala singer”, whose presence added fervour to the visits as his fans hailed and surged to exchange banters with him.
TraderMoni is designed to help petty traders expand their trade through the provision of collateral-free loans of N10, 000.
The loans are repayable over a period of six months
Under the scheme, beneficiaries can get access to a higher facility ranging from N15, 000 to N50, 000 when they repaid N10, 000 within the stipulated time period.
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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