Business
NDE Has Disbursed N100bn To Youths, Businesses: – Keyamo
The Minister of State for Labour and Employment, Festus Keyamo, says that the federal government has spent N100 billion on unemployed youths in the country.
Mr Keyamo made this claim in a statement made available by his media office on Sunday in Abuja.
The minister, represented by the Director General of the National Directorate of Employment (NDE), Abubakar-Nuhu Fikpo, said this during the launch of the disbursement of empowerment items to women in Jos, Plateau State.
The N100 billion, according to the minister, was disbursed via the Development Bank of Nigeria from 2017 to facilitate Small and Medium Enterprises (MSMEs) with the view to creating jobs to the country’s teeming unemployed.
“Since 2017, the Development Bank of Nigeria has disbursed a total of N100 billion through the bank’s 27 participating financial Institutions (PFIs), thereby impacting more than 100,000 MSMEs.
“It is heartwarming to note that 52 per cent of loans disbursed in 2019 and 2020 were to youths and women-owned businesses,” he said.
Mr Keyamo, while addressing the beneficiaries, noted that the NDE empowerment of women was designed to ensure that the beneficiaries and trainees acquire relevant and marketable skills that would galvanise them into starting their own businesses.
“Our goal is to provide them with quick income-generating opportunities because of their roles in providing family support and sound social stability at the very foundation of society,” he said.
He, however, added that the women were also trained in interior decoration, make-over, auto gele tying, food processing and packaging.
“I am glad to inform you that each of the participants will be given a loan package ranging from N100,000, to N150,000, depending on their choice of skill, to start their own businesses in order to exit the labour market.
“This will enable them to become more responsible to their family and immediate environment,”he added
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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