Business
Youth Entrepreneurship Scheme Attracts CBN’s MSMES Fund
The Central Bank of Ni
geria (CBN) is to extend its N220 billion Micro, Small and Medium Scale Entrepreneurship (MSMES) fund to the youth entrepreneurship strategy for the oil and gas industry, an entrepreneurship initiative designed to enable Nigerian youths become active players in the nation’s oil and gas sector.
Initiator of the Youth Entrepreneurship Strategy of Nigeria (YESNIGERIA) and Chief Executive officer of Anabel Group, Mr Nicholas Okoye, made the disclosure in Abuja at the unveiling of the Triple ‘E’ initiative (Entrepreneurship, Empowerment and Employment), an entrepreneurship package in the oil and gas industry for youths, women and SMEs.
Mr Okoye noted that YESNIGERIA is a timely idea as nations, including Nigeria are battling with the problem of unemployment.
According to him, solving the unemployment problem required the promotion of entrepreneur, which is the fulcrum for job creation.
Okoye stated that the ministry of industry, trade and investment had continued to make giant strides in promoting entrepreneurship in the country via small, medium enterprises initiatives.
The chief executive, who is also the founder of Empower Nigeria, stated that his group was simply complementing the federal government efforts, noting that there was the need to create a pool of young Nigerian players in the oil and gas sector as the Nigerian content continues to redefine activities in the sector.
He expressed delight that flowing from his discussions with the CBN, the apex bank was disposed to extending the N220 billion MSMES funds to promote the youth entrepreneurship strategy for the oil and gas sector.
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
-
News5 days ago
UNGA 2025: FG Targets Empowerment Of 10 Million Women
-
Sports5 days ago
Man Utd Beat Chelsea To Ease Pressure
-
Maritime5 days ago
NCAA Warns Qatar Airways Over Passenger Maltreatment, Rules Violation ……Threatens Heavy Sanctions
-
Sports5 days ago
Lagos Enforce discipline Into Senior Athletes Team
-
Business5 days ago
“TETFund Approves N2.5b Intervention For Daura Varsity
-
News5 days ago
Rotary Club Earmarks N11.6m for 2025 Service Year
-
Business5 days ago
Kenyan Runners Dominate Berlin Marathons
-
Maritime5 days ago
Shoprite Nigeria Gets New Funding to Boost Growth, Retail Turnaround