Business
FG, European Commission Sign $1bn Dev Pact
The European commission has signed a $1 billion (£602 million) development pact with the Federal Government aimed at tackling corruption and promoting peace.
A substantial amount of the funding will be spent on resolving conflict in the oil-rich and crime plaqued Niger Delta, the Eu’s development Chief Said.
The money will also target electoral reform and improving human rights.
According to the EU, 25 percent of the $1.billion funds will be used for peace and security; 44 percent, governance and human rights; 16 percent, trade, regional Integration and energy, and 15 per cent, environment, health, culture and sciences.
Almost third of the EU money is devoted to the Niger Delta region.
For years militants have blown up pipeline and kidnapped foreign oil workers, demanding a fairer share of the wealth.
“I’m delighted that a substantial amount of this financing will go to support conflict resolution and the Niger Delta which has been ravaged by year’s of unrest,” said the EU development commissioner, Kares De Gucht.
Over the past few months, thousands of militants have given up their weapons in an amnesty deal offered by the Federal Government in return for the promise of education and jobs.
A three-month respite from the violent has brought back some oil and gas production, but skeptics fear the former fighter could resume violence if thy do not quickly find work.
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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