Business
Oyo Promises Payment Of Counterpart Funds
The Oyo State Government on Tuesday pledged to regularly fulfil its counterpart fund obligation to all donor-assisted programmes being implemented in the state.
Mr Daniel Kolade, the state Commissioner for Agriculture, Natural Resources and Rural Development, made the pledge at the wrap-up meeting of the Rural Finance Institution Building (RUFIN) programme Supervision Mission in Ibadan.
RUFIN is a seven-year International Fund for Agricultural Development (IFAD)-assisted programme designed to improve the performance of non-bank rural finance institutions to enable them to develop sustainable rural microfinance institutions.
The goal of the programme is to strengthen the income, food security and general living conditions of poor rural households, particularly women-headed households, youth and the physically challenged in the 12 participating states.
The 12 participating states are Akwa Ibom, Anambra, Adamawa, Edo, Imo, Benue, Zamfara, Katsina, Lagos, Bauchi, Oyo and Nasarawa states.
The supervision mission comprised the Federal Government officials, consultants and the News Agency of Nigeria (NAN).
Kolade said that efforts were being made by the state government to pay the 2012 counterpart fund for the RUFIN programme, stressing that the state was committed to the RUFIN and similar programmes.
According to him, a total of N15 million in credit has been extended to participating micro-finance banks between the last supervision mission and now, while the sum of N6.6 million savings were mobilised by them.
Kolade observed that this had positively affected the income of the beneficiaries.
“Farmers are now agro-dealers; petty traders have turned to store owners, bricklayers are now cement dealers and road side mechanics are now spare part dealers, just to mention a few.”
He said that there was need to fast track the means by which micro-finance banks would access more funds to enable more participants to benefit from the programme.
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.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension