Business
NIPC May Inherit USAID‘s Nigeria Trade Project
The Nigeria Investment
Promotion Commission (NIPC) has said that it may inherit the activities of USAID‘s Nigeria Expanded Trade and Transport (NEXTT) programme currently running along Lagos-Kano-Jibiya (LAKAJI) Corridor.
In a statement issued by Joel Attah, Head, Media and Protocol of NIPC in Abuja on Thursday, the commission said the plan was part of its effort to take Nigeria to a future beyond oil and promote non-oil sectors of the economy.
“The USAID NEXTT programme in Nigeria is a four-year initiative that is supporting the Federal Government’s efforts to expand trade volume and efficiency domestically and within the ECOWAS region.
“And it is expected to wind down next year after NIPC persuaded them to extend the project by one year.
“The project has currently identified the LAKAJI Corridor as a major artery for trade in Nigeria and is committed to the development of the corridor’s potential,’’ it said.
According to the statement, NIPC has been partnering USAID NEXTT for the realisation of projects with the deployment of one of its management staff to the project.
It said the step was aimed at promoting and attracting investments, especially in the agriculture sector and its value chain along the corridor.
It said the Executive Secretary of NIPC, Mrs Uju Baba, had expressed the determination of the commission to be a successor of the project after the tenure next year.
She described the programme as a success story of the organisation, which it might replicate in other corridors.
She noted that the commission had the capacity to inherit the projects with its One-Stop Investment Centre activities, zonal office operations and committee on Doing Business Services and After Care Services which she chaired.
While receiving the President of USAID NEXTT project, Mr Santiago Sedaca, on Wednesday, Baba noted that NIPC had provided technical assistance for the promotion of investment into the LAKAJI project.
She commended the USAID NEXTT on the project and plans to extend the programme to 2017. saying that by so doing most of the investments would have started to yield dividends.
Earlier, Sedaca had commended NIPC for providing quality technical support and services that made the realisation of the LAKAJI Corridor project a reality and described the commission as a “veritable partner”.
He said he was in the country to discuss USAID NEXTT programmes for 2016/17 in Nigeria and hold discussions with project partners.
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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