Business
FG , Decentralising Power Generation, Distribution – Osinbajo
Vice President Yemi Osinbajo has said that the Federal Government is decentralising power generation and distribution in the country
The Vice President made the disclosure during a town hall meeting with a cross-section of youths from Oyo State held at the Ogunlesi Hall, UCH, Ibadan.
The Tide Source reports that the event was co-hosted by the Vice President’s Office and Oyo State Government.
Osinbajo said that the decentralisation of power sources in Nigeria would give opportunities to organisations and industries to procure power for eventual distribution among consumers.
He stated that the exercise would make it much easier to enjoy power supply even in residential houses across the country.
“The ongoing solar system electrification project across various markets in the country is part of the measure to decentralise power generation in the country.
“We are licensing companies to provide power to companies, markets and several economic clusters,” he said.
Osinbajo stated that the nation’s agricultural sector has improved, saying importation of rice to Nigeria, which amounted to five billion Naira has reduced to two per cent.
He stated that such was achieved through the current administration’s policy in Agriculture aided by the Anchor Borrowers’ Programme(ABP).
“Today, only two per cent of rice consumed here are imported while the remaining 98 per cent are locally produced,” he said.
Osinbajo stated that 8.2 million children are currently being fed across the nation on daily basis to generate employment opportunities and also encourage educational development in the country.
The Vice President stated that 200,000 youths have benefited in the first batch of government’s N-Power programme, saying 300,000 youths have been shortlisted as for the second batch to meet the 500,000 target.
Osinbajo called on the youths to take advantage of Bank of Industry (BoI) loan initiatives and other Federal Government’s interventions to establish small scale businesses.
He said that the youths were the future of the country and urged them to be ready to occupy leadership positions of the country.
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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