Business
Nigerians Spend $8bn Annually On Vehicles’ Importation – Osinbajo

Vice President Yemi Osinbajo says Nigerians spent about 8 billion dollars, annually, on importation of vehicles.
Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair in Abuja, yesterday.
“The government is fully committed to industrialisation and the mining sector to enable it create direct and indirect jobs for Nigerians
“About 8 billion dollars goes to overseas for importation of vehicles while Nigerians are suffering, also most of the used vehicles imported are unsafe and not good for the citizens,’’ he said.
Osinbajo said that government had signed a Memorandum of Understanding (MoU) with Volkswagen group to develop an automotive hub in Nigeria.
He said that the MoU was a major step toward the development of a robust automotive industry, to contribute to the continuous economic development of the country.
Osinbajo also said that government believed in the strategic and catalytic role of the automotive industry in the diversification of the Nigerian economy.
According to him, 3,200 youths have been empowered through the N-Power Graduate Skills Acquisition Programme, adding that the programme will be expanded and made better to benefit more Nigerian youths.
He said that N-power was a Federal Government initiative on job creation and empowerment initiative of the Social Investment Programme.
Osinbajo said that the Nnewi automotive parts industrial park had got its master plan and would soon be functional.
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.