Business
Council Gives N7bn Loan To Vehicle Manufacturers
The Director General of the National Automotive Council, Malam Aminu Jalal, said the council had disbursed N7 billion in loans to vehicle manufacturers under its auto development scheme.
Jalal, who stated this in Abuja during an interactive session with newsmen, said only five of the 10 companies that applied for the loans had accessed it.
The director general was represented by Mrs Adama Saleh, the director of administration.
The DG added that of the N7billion, Peugeot Automobile Nigeria got N3 billion; Innoson Motors in Innewi, N1billion and Dunlop (Nigeria) Ltd, N1.2 billion.
He said the remaining was given to micro-finance banks to be disbursed to other small- and medium-scale industrialists.
The DG said the first phase of the vehicle test centre project had begun and would be located in Zaria, Lagos and Enugu.
According to him, the centre in Lagos will be mainly for emission testing while the Enugu centre will take care of component testing.
He said the second phase of the project would involve test for vibration and safety which would help to reduce the volume of fake auto parts in the country.
The Director, Industrial and Infrastructural Development, Mr Kolapo Odetoro, said the Nigerian automobile industry was not making progress as it should due mainly to lack of political will.
He said that the agency was collaborating with a Japanese company to set up an auto- recycling company for non-serviceable vehicles
“We have reached an advanced stage of company which will be sited in Abuja to serve as a model centre to be replicated in other parts of the country,’’ he said.
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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