Business
Nigeria Gathers Mining Data, Spends N12.70bn
The Federal Executive Council (FEC) has approved a contract for exploration and consultancy on data generation regarding certain minerals.
The Minister of State, Mines and Steel, Bawa Bwari, who announced this on Wednesday at the end of the meeting of the council at the presidential Villa, Abuja, said the contracts are targeted at generating data on minerals such as gold, industrial minerals, earth material and iron ore.
He said that the contracts are to be given to four companies at the cost of N12.7 billion.
“With this, we will encourage both local and foreign investors to come in.
“Our major challenge is the bankable data, most mining companies will not want to come into your country when they are not sure of what they are going to meet,” he said.
Mr Bwari also said Nigeria has the potential for minerals although the nation has not been known as a solid mineral destination, but as a destination for oil and gas.
“The perception is gradually changing and for us to really encourage this people to come in, we really need to explore because you cannot mine without information and information can only be gotten through exploration.
“The government today approved for us to start with some of our targeted minerals in line with what we have in the road map,” 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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