Business
Bureaucracy, Obstacle To Accessing Textile Dev – Commissioner
Alhaji Abubakar Umar, Kaduna State Commissioner for Commerce and Industry, has called on the Federal Government to reduce the level of bureaucracy associated with accessing the N100 billion textile fund.
Umar told the newsmen in Abuja, on Wednesday, that there was the need for government to review the bureaucracy so that potential investors would have access to the money.
He said, “There is N100 billion kept in banks by the Federal Government for the textile industries to access”.
“The government is doing a lot to mobilise people in order to access the fund, but accessibility is the problem”.
“Gone are the days when the textile industries in Nigeria used to be functional but, the present administration is doing a lot, pumping in money in order to re-activate the industries.”
Umar said government was doing enough to re-activate the ailing textile industries in Nigeria, but accessibility of this fund remained a problem due to the conditions attached by the banks.
The commissioner said, “The funds are meant for the grounded industries, but they cannot access the fund, at the end of the day, what will the banks do with the fund.”
He said that Governor Patrick Yakowa of Kaduna State was making sure that the state would join hands with the Federal Government to revive the textile industries in the state and Nigeria as a whole.
According to him, the sector if revived will create job opportunities and thereby help to reduce the unemployment in the country.
He noted that the state had built about four mega stations to provide power supply to the people and industries in the state as a way of encouraging industrial development in the country.
Umar was in Abuja to attend the Nigeria at 50 Trade Fair.
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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