Business
FG Reassures On Foreign Investments In Agriculture
The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has reiterated the Federal Government’s commitment to increase Nigeria’s foreign investments to achieve the goals of the Agricultural Transformation Agenda (ATA).
Adesina made the statement in Abuja on Monday when he received the Overseas Private Investment Corporation (OPIC) under the U.S. Corporate Council on Africa (CCA) Infrastructure Trade Mission to Nigeria.
OPIC is the U.S. Government’s development finance institution that mobilises private capital to help solve critical development challenges and also advance the U.S. foreign policy.
OPIC achieves its mission by providing investors with finance, guarantees, political risk insurance and support for private equity investment funds.
According to Adesina, ‘investment drive’ is important for the sector to open up the potential of some crops in some states.
He said that mechanisation and the provision of basic amenities were vital to achieving the success of private investments.
“We hope to discuss mechanisation systems; how tractors can be leased to farmers as against each one of them owning one.
“The Federal Government would also ensure that basic amenities, such as roads, water and power around staple crop zones are provided to enable processors establish their processing plants in areas where food production is high,’’ the minister said.
He said that the sector was looking out for new incentives for the private sector that would create ‘zero percent duty on all machinery and equipment’ in the country.
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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