Business
BOI, UNIDO Partner On Rural Electrification
The Bank of Industry (BOI) has reiterated its commitment to partner with the United Nations Industrial Development Organisation (UNIDO) on the rural electrification project for communities across the country.
In a statement by the bank recently, its Managing Director/Chief Executive Officer, Mr Rasheed Oladuwa, said the initiative of the rural electrification was aimed at complementing the efforts of government in its bid to explore other sources of power generation within the energy mix in the country Olaoluwa said the bank has concluded necessary arrangements to secure licence for solar power generation in rural communities across the country, stressing that the move by BOI to provide light, to rural communities was aimed at helping small businesses grow in the rural areas.
He said as part of the plan to achieve the BOI noble objective, the bank has already opened talks with the Rural Electrification Agency (REA) through the Ministry of Power to secure approval for the project.
The BOI boss added that the Ministry of Power has already taken the lead through its effort of commissioning of three projects in the Federal Capital Territory (FCT) under the Light Up Nigeria Initiative, stressing that the initiative would further encourage private sector operators to look up to having lucrative businesses.
He said BOI as a development bank plays the role of a catalyst to ensure the diversification of the nation’s economy, stressing that the bank is taking a lead in encouraging the private sector to look at a particular area of the energy mix and key into it.
The BOI boss explained that the bank’s renewable energy programme is in partnership with UNIDO to encourage off grid rural energy projects, stressing that the pilot scheme would kick off with six communities across the country very soon.
He said the concept was for huge power generation capacity but the ability to demonstrate to financial institutions that off grid solar energy is a viable venture of commercial value to the private and public sectors.
Philip Okparaji

Chairman, Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi; Executive Vice Chairman, North-south Power Company Limited (SHIRORO), Mr Olubunmi Peters and Head of NERC Media, Mr Michael Faloseyi, at a News Conference after the monthly meeting of NERC Chief Executive Officers in Abuja, yesterday.
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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