Business
FEC Approves N13.4bn Loan For Water Project
The Federal Executive Council (FEC) has approved a concessional loan of 89 million dollars (N13.4 billion) for water supply expansion and sanitation projects in Zaria, Kaduna State.
Mr Labaran Maku, the Minister of Information, disclosed this after the council meeting presided over by President Goodluck Jonathan at the State House in Abuja last Wednesday.
Maku said that the loan sought from the African Development Bank (ADB) would be used to complete the water works to improve access to safe water supply to residents of the city and its environs.
“The project is meant to improve the current level of water supply from 30 per cent to 80 per cent by 2016, to improve sanitation in schools, health centres and other public places like markets and motor parks by 2016.
“It is also to improve service provision and commercial viability of Kaduna State Water Board through institutional and management reforms including tariff increase, capacity building and adoption of viable public-private partnership (PPP),’’ he said
The minister said that the project would go a long way to alleviate poverty and improve the health conditions of the people.
The loan according to the minister, would be lent to Kaduna State Government while the Ministry of Finance would facilitate its approval on behalf of the Federal Government.
He said that the Minister of Justice and Attorney-General of the Federation had been directed to issue legal opinion required to make the loan agreement effective.
The council also approved N2.2 billion contract for the rehabilitation of Ada-Okheleen-Ukoni-Amedokhian road in Edo.
A N2.8 billion contract was also awarded by FEC for the construction of Kporo-Abriba-Ohafia road in Abia.
Maku said that the roads were in deplorable conditions and the rehabilitation would enhance the socio-economic activities of both states.
He said that the project would also generate employment for Nigerians and facilitate community development and exchange of goods and services.
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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