Business
FG Approves N48.7bn For Abuja, Lagos NDIC Offices
The Federal Executive
Council (FEC), has approved N48.7 billion for the construction of new corporate offices for the Nigeria Deposit Insurance Corporation in Abuja and Lagos and a training institute at Lekki.
It also approved N23.6 billion for the construction of roads.
The immediate past Supervising Minister of Information, Chief Edem Duke, made this known to State House correspondents after the council meeting at the Presidential Villa, Abuja.
“Also today, the Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala presented a recommendation to council for the construction of corporate head office for the Nigeria Deposit Insurance Corporation, the annex head office in Abuja, the Lagos office building in Ikoyi and its training centre in Lekki, Lagos.
“Of course you know the sensitivity of the work of the insurance corporation and this organisation has in the last several years been saving towards these projects and so, today when they brought it, the Federal Executive Council approved it after due consideration.”
According to him, the construction of corporate head office annex of NDIC in Abuja will cost N14.7 billion; while the Lagos office will cost N24.7 billion, and the training centre N9.3 billion.
The minister disclosed that council approved N472.5 million contracts for the purchase and distribution of tricycles (keke) to beneficiaries in Benue West senatorial district as part of constituency projects in the area.
Also addressing correspondents on the outcome of the meeting, the Minister of Works, Mr Mike Onolememen, said council approved N23.6 billion for the dualisation of Suleja- Minna road in Niger.
According to him, council also approved N7.9 billion for the rehabilitation of Oshogbolu -Oweto in Benue and N7.1 billion for the reconstruction of Ningi – Mata across Bauchi and Plateau states.
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
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Business
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