Business
Gov Wants Intervention Funds For Cash Crop Farmers
Governor Oluwarotimi Akeredolu of Ondo State last Friday appealed to Central Bank of Nigeria (CBN) to extend intervention funds to cash crop farmers.
Akeredolu made the call at the inauguration of Bambi Farms, a factory that produces vegetable oil from palm kernel, at Okeigbo in Odigbo/Okeigbo Local Government Area of the state.
The governor said that if the Federal Government could extend the funds to the sub-sector and fund it well, Nigeria would earn reasonable foreign exchange.
Akeredolu pledged that the state government would support the factory.
According to him, the factory will create jobs for the unemployed and serve as available market for farmers in the area, hereby generating income.
” We want to look at usefulness of this industry; It needs the support of all because it would grow in no time.
“From records available to me, it can produce 120 tonnes of soya beans and palm kernel oil per day.”
He added that his administration had revived the moribund Okitipupa Oil Mill, saying that the private sector would be engaged in its sustenance.
Earlier, the Chairman of Bambi Farms, Mr Ade Ayoola, said that he planned to increase the capacity of the factory.
” Our dream is big and it is only God that can achieve it for us.
“In the next few years, we hope to have filled the land with oil mills, refinery; we are targetting 1,000 workers per shift.
“We cannot achieve this without the support of government because our desire is to change the narrative.”
He, therefore, thanked Mr Akin Olootu, the Special Adviser on Agriculture and Agri-Business to the governor, for his assistance.
Also speaking, the royal father of the day, Ooni of Ife, Oba Enitan Ogunwusi, thanked the state government for its immense support toward the realisation of the factory.
He applauded the chairman for locating the factory in his home town and appealed to other indigenes of the state to always remember their source for development.
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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