Business
FG Inaugurates Mass Transit Revolving Scheme
The Federal Government on Tuesday in Abuja inaugurated the Public Mass Transit Revolving Fund scheme to enhance transportation in the country.
President Goodluck Jonathan, who inaugurated the scheme, handed over keys to the buses to the beneficiaries, ranging from the Nigerian Labour Congress, trade union groups to state and local governments’ transportation agencies and the private sector.
The scheme is being funded by the Urban Development Bank of Nigeria.
Jonathan said that the government made a provision of N10 billion in 2009 Supplementary Act to establish public mass transit revolving scheme.
According to him, the intention is to establish the public mass transit transportation on a large scale for identified target groups across the country.
“The primary objective of the fund is to increase the availability of mass transit vehicles for public transportation through the provision of buses to these target groups at a concessionary interest rate of five per cent,” he said.
He said that the Federal Government expected that the cost-saving effect arising from low interest rate should be transferred to the masses by charging moderate transport fares.
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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