Business
Minister Urges Manufacture Of Local Auto Parts
The Minister of State for Trade and Investment, Mr Samuel Ortom, has stressed the need for local entrepreneurs to invest in the manufacturing of automotive components for local assembly plants.
Ortom made the call yesterday at the launch of 58 investment profiles on automotive components organised by the Automotive Council of Nigeria in Abuja.
The investment profiles will educate prospective investors on what they need to know about the manufacture of certain components required by local assembly plants.
The profiles will also inform investors about how and where to access funding for the development and manufacture of automotive components.
Ortom commended the council for its initiative to encourage investment in the manufacture of automotive components.
Earlier, the Director-General of the council, Mr Aminu Jalal, said they were inspired by the desire of some investors to revive the country’s moribund automotive assembly plants and to launch the investment profiles.
Jalal said the profiles were developed to help investors to identify the right areas to invest in and how to attract funding for their ventures.
He said NAC would continue to engage stakeholders in the industry until it achieved its mandate of supporting growth in the automotive industry.
In his presentation, Mr Muhammed Haruna, the Director-General of the National Agency for Science and Engineering Infrastructure (NASENI), said the agency had already developed the requisite technology for the manufacturing sector.
Haruna, whose paper was entitled “Engineering Infrastructure for the Manufacturing of Automotive Components”, said the agency had developed the know-how to accelerate the process.
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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