Business
Poverty Alleviation: FG Partners Financial Agencies

Federal Government‘s poverty alleviation projects targeting 50 million Nigerians is further being fine tuned as the government partners with selected financial agencies as veritable platforms for disbursement of grants and loans to Nigerians interested in Digital Economy and Creative Enterprise aimed commenced project of piverin bid to lift 50 million Nigerians out of poverty between now and 2027, the Federal Government is partnering with some financial outfits as veritable platforms for releasing of grants and loans to Nigerians interested in Digital Economy and Creative Enterprise .
The poverty – alleviating partnerships was on Monday disclosed to pressmen in Abuja during an interactive session with one of the agencies ; Idea Lab ,.
The agencies endorsed are veritable platforms used by the Central Bank of Nigeria ( CBN) , Bank of Industries ( BOI) etc , for the purposes of the project .
Speaking at the interactive session with journalists , the National Coordinator of Idea Lab Agency , Emmanuel Aondoakaa, said Idea Lab was chosen by the Federal Government of Nigeria along with some others , for massive poverty eradication among Nigerians between now and 2027.
The IdeaLab Agency according to him, is empowered through the Bank of Industry by the Federal Government of Nigeria to train , prepare and recruit agents and beneficiaries for local and international jobs , export talents and commodities by also providing access to grants , loans , employment, scholarship etc .
“ Its programmes are fully grounded by the Federal Government of Nigeria and World Bank Group with the right technologies to satisfy the desires of Nigerians , especially Entrepreneurs in the area of access to Finance in the form of Grants , Loans , Employment , Scholarship, access to markets and Technology Transfer Initiatives “.
He added that some of the innovative technologies used in operating their financial inclusion and intervention programmes for interested Nigerians are Rex Agent application , Scholarship and Aid Website , Job Gurus Website etc .
He explained further that through the technologies , all the stakeholders in Nigeria and from all over the world , are being aggregated to bring value to Nigerians in fulfilment of the Federal Government mantra of Renewed Hope Initiative of President Bola Tinubu , to lift 50million Nigerians out of poverty by 2027.
“ To appreciate the effort of the Federal Government of Nigeria under the leadership of President Bola Tinubu to lift 50 million Nigerians out of poverty, we are passionately appealing for all concerned stakeholders especially BMO forum of MSMEs of Nigeria , Cooperative Societies and the media to join us in this movement .
“ Subscribe to these technologies and let us use the block chain embedded in them to create millionaires everywhere through a connected economy “.
Rpresentatives from the Central Bank of Nigeria , Bank of Industry, Federal Ministries of Agriculture, Science and Technology etc , were among stakeholders present at the interactive session.
By: Nneka Amaechi -Nnadi
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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