Business
Farmers Want Review Of N200bn Agric Loan Modalities
Some farmers on Thursday, in Bauchi, called on the Federal Government to review modalities for disbursing the N200 billion agricultural development fund.
The farmers told newsmen that the government should increase the number of commercial banks instead of the two banks it earmarked to disburse the fund.
They said that the call was imperative to quicken the disbursement and enable smallholder farmers to benefit from the fund and contribute to the development of the sector.
Alhaji Bello Galoji, the Youth Leader, Bauchi State Chapter of the All Farmers Association of Nigeria (AFAN), said the modalities were unfavorable to smallholder farmers.
“We request the inclusion of the Nigeria Agricultural Cooperative and Rural Development Bank (NARCDB) and more banks should be appointed to manage the fund”.
“Besides, the 40 per cent of the fund reserved for small-scale farmers is too small, when compared with their output to the nation’s food security,” Galoji said.
He said the sharing formula of 60 per cent allocated to large-scale commercial farmers and 40 per cent to smallholder farmer adopted by government was not equitable.
Galoji urged the government to speed up the processes for accessing the fund to enable members of the association make effective utilisation of the money.
According to him, the cropping season has already commenced and this is the right time to disburse the fund to farmers.
Malam Ibrahim Ahmad, a maize farmer, also urged the state government to educate farmers on the facility to enable them utilise it for the purpose for which it was meant.
It would be recalled that the Federal Government had approved the fund in 2008 to boost large scale commercial agricultural production in the country.
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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