Business
Ebonyi Tasks Civil Servants On N2bn Loan Scheme
The Ebonyi State Government has urged civil servants in its payroll to key into the N2 billion loan scheme being operated by the government and Bank of Industry to improve their standard of living.
Chairman of the 15-man committee inaugurated by the state government to work out the modalities for the loan disbursement, Mr Pius Eze, made the call in an interview with newsmen last Thursday in Abakaliki.
According to him, the committee has embarked on sensitisation visits to local government areas of the state to enlighten the workers on the importance of keying into the scheme.
He said that it was difficult under the present economic situation for workers to save about N300,000 and N500,000 from their salaries to start up a business, hence the need to key into the project.
He said government and BOI contributed N1 billion each into the scheme and stressed that beneficiaries would pay a paltry six per cent interest.
He said that the loan would assist civil servants to engage in alternative sources of income to better their welfare and economic wellbeing.
He said that the workers’ monthly pay could no longer sustain them and their families under the present economic situation hence need to diversify sources of income.
“The Governor, David Umahi, is interested in alleviating the plight of Ebonyi workers and that is why he has earmarked N1 billion as loan for workers to access and this is in addition to the N1 billion he attracted from the BOI
“The loan, which has only six per cent interest, will enable civil servants to invest the fund in any business of their choice which they can fall back on during their service and after retirement from active civil service.
“The whole idea is to empower the Ebonyi civil servants and enable them to improve on their monthly income generation by engaging in other alternative sources of income.
“The Committee has embarked on sensitisation campaigns to local government councils to educate the workers, enhance their understanding and appeal to them to exploit the huge opportunities being provided by the loan scheme, “ Eze 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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