Business
C’River Expects N100bn From Rice City Project
Cross River State Governor, Prof. Ben Ayade, has said that the State Rice City Project is expected to generate at least N70 billion yearly with full Federal Government patronage.
Ayade made the forecast during a test-run of the project at the Ayade Industrial Park, Calabar, weekend.
According to him, the project will be certified ready for commercial activities in June and urged other states and the Federal Government to patronize the factory.
“When I told Cross Riverians that my ambition was to restructure the state from over dependence on federal allocation, I truly meant it because with projects like this; we are going to generate more revenue for the state.
“Between now and the next four weeks, this project will be ready for commercial production because the seedlings are natural with no chemical added.
“We are partnering with the CBN through the Rice Anchor Borrowers Programme in ensuring that most of the seedlings are acquired from here.
“I am happy that Cross River is on the path of independence even after we lost our oil wells unjustifiably. We now have an investment that needs federal government patronage.
“If we are to have the federal government patronage in full, we are looking at a yearly turnover of 70 to 100 billion naira.
“The federal government should focus on the procurement of rice seedlings from Cross River. We should do between 40-60 per cent of the market sale because we will have no competitor’’, he said.
Ayade explained that everything about the project was local with no foreign input, adding that the factory can produce for 24 hours per day.
He further said that the project was also going to accommodate over 500 workers, thereby urging Crossriverians to take full advantage of the project.
The governor said that the rice seedlings that would be produced from the factory would be called ‘Calas 77’ because it was very natural and totally organic.
“This is the biggest rice seedling factory in Africa with a perfect automated irrigation method. Some states governors have indicated interest to place demands’’, 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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