Business
GDP Computation To Cost N1.04bn
The National Planning Commission, has said that about N1.04 billion would be used to compute the Gross Domestic Products (GDP) in the states.
This was contained in a statement issued by the Head, Information Unit of the commission, Mr Salisu Haiba, a copy of which was made available to the newsmen in Abuja.
It said that the money would be provided by the Federal and State Governments with the support of donor agencies.
The statement quoted Dr, Shamsuddeen Usman, the Minister of National Planning Commission (NPC), to have announced the move at the flag-off of the state GDP computation project in Nigeria, in Minna, Niger.
“An estimated financial requirement for the state GDP computation project was put to the tune of N1.04 billion.
“This will be jointly borne by the Federal and State governments as well as the development partners in the ratio of 30:50:20,’’ Usman said.
The minister said that the 36 States and FCT were expected to contribute N14.1 million each, totaling N522 million.
“Equally, the Federal Government is to contribute a total sum of N313.3 million, while the development partners would contribute N208.9 million.
“A dedicated account has been opened for the project to ensure transparency and accountability of the process.
“This is in line with the existing synergy among the major stakeholders in the project,’’ the minister was quoted to have said.
Usman assured that the project would facilitate the effective monitoring and evaluation of development plans and annual budgets.
According to him, it will also enhance the welfare of citizens and promote transparency and accountability at all levels of government.
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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