Business
World Bank Assists States With N472bn Fund

The Federal Government has revealed that states had received N471.9billion of the $1.5billion World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results.
Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this at the launch of the States Charter to sustain fiscal transparency, accountability and sustainability reforms at the State House Banquet Hall, Abuja.
Ahmed, who was represented by the Permanent Secretary in the Ministry, Aliyu Ahmed, said beyond benefitting from the grants, all the 36 states had domesticated the fiscal reforms in their public financial management systems by adopting the appropriate processes and practices as well as legal and regulatory frameworks which were already yielding positive outcomes.
According to the Minister, the state governments had demonstrated high level of ownership, active peer learning and peer competition which culminated in strong performance by most states in all the Key Results Areas of the SFTAS Programme.
This, she said, included: increasing fiscal transparency and accountability; strengthening domestic revenue mobilization; increasing efficiency in public expenditure and strengthening debt transparency and sustainability.
“Indeed, the very high level of political visibility and implementation structures created across the 36 states contributed largely to the successful implementation of the Programme over the period 2018 to 2022”, she 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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