Business
FG Restates Commitment To MSMEs’ Growth, Dev

The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, says the Federal Government is committed to the development of Micro, Small and Medium Enterprises (MSMEs) for enhanced contribution to national economy.
The minister made this known at the Memorandum of Understanding (MoU) signing ceremony between Nigeria Entrepreneurs Forum (NEF) and the Organisation of Women in International Trade (OWIT)y in Abuja, last Friday.
The presidents of the two bodies signed the MoU at the Federal Ministry of Industry, Trade and Investment (FMITI).
The MoU is for data and information sharing for joint implementation of women related projects, training and funding for women owned enterprises as well as policy advocacy, among others.
According to the minister, the Federal Government gives special attention to the growth and development of the MSMEs sector with special emphasis on women-owned enterprises.
The minister, who was represented by Mr John Opaluwa, the Deputy Director, Industrial Development Department in the ministry, said Federal Government was positioning the MSMEs for global competitiveness through effective implementation of policies and programmes.
“The critical role MSMEs play in the development of the national and global economy in terms of employment generation and contribution to Gross Domestic Product (GDP) cannot be overemphasised.
“It is in recognition of this that the Federal Government of Nigeria gives special attention to the growth and development of the MSMEs sector with special emphasis on women-owned enterprises.
“The N75 billion MSME Survival Fund and Guaranteed Off take Scheme are part of Economic Sustainability Plan (ESP) designed and developed by the Federal Government to cushion impact of the COVID-19 pandemic on the economy.
“This is specifically targeted at providing succour to the MSMEs sector which has experienced the most adverse effect of economic disruptions caused by the pandemic.
“The implementation of the scheme which has received commendation by stakeholders across the country has provision for 45 per cent female-owned businesses,” she said.
Katagum said that the Federal Executive Council (FEC) had recently approved the revised National Policy on Micro, Small and Medium Enterprises (MSMES), which provided the framework to resolve the challenges faced by the sub-sector.
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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