Business
RSG To Increase Agric Funding
As part of efforts to boost food production in the state, the Rivers State Governor, Rt Hon. Chibuike Amaechi has promised to increase funding on agriculture with a view to diversify the economy of the state.
The governor made the promise at the official launching of the World Bank assisted third National Fadama Development Project (NFDP -111) on Thursday at the ADP demonstration farm, Rumuodomaya, Obio/Akpor local government area.
Governor Amaechi who was represented by the Commissioner for Commerce and Industry, Ogbonna Nwuke, said government is poised to diversify its economy, noting that agriculture has become the major source of energy and raw materials to allied industries.
According to him, to boost the haulage of farm produce, government is creating more feeder roads in the rural areas, assuring that there is no going back in the payment of the counterpart funding. He stressed the need for local government councils to embrace the project as a way to create jobs for the youth s.
He indicated the readiness of government to partner all relevant agric agencies to boost production.
In his address, the Rivers State Commissioner for Agriculture, Emma Chinda, said that Fadama lll project is an agricultural diversification project designed to sustainably increase the incomes of users of rural land and water resources, as well as support government strategic objectives toward enhancing economic growth of the non-oil sector through the empowerment of communities in the rural areas where over 70 per cent of farmers resides.
According to him, the state received an initial credit of $600,000 at the payment of minimum mandatory yearly counterpart fund contribution of N56,355,148 to support small scale rural infrastructures and the rural poor engaged in economic activities.
Earlier, the state Fadama Co-ordinator, Kingsley O. Amadi said that the World Bank approved and released the sum of $250 million for funding of the project in Nigeria, pointing out that Rivers State was allocated the sum of $7,852,530 to fund the up and down stream sectors.
He said the major objective of the project is to sustainably increase the incomes and productivity of the rural farmers by funding their selected productive activities through grants.
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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