Business
AfDB Grants Nigeria $500m Agric Loan
The African Development Bank (AfDB) has granted Nigeria a $500 million loan facility in support of its agricultural activities.
The Task Team Leader, AfDB-supported Fadama II Programme, Mr Danladi Eba, said this in Jos during a courtesy call on Governor Jonah Jang of Plateau State on Tuesday.
The Tide source quoted him as saying, “The first phase of $190m, now under processing, will be released to the Ministry of Finance by December toward supporting the Agricultural Transformation Agenda of the present government. The grant is aimed at test-running our new project, coupled with the ATA of this country.”
Eba added that the purpose of the visit was to know “how well the National Fadama II Project has been implemented.”
He said, “The project is one of the projects sponsored by AfDB which came on stream in December 2003 and implemented in six states, including Plateau. Plateau is one of the leading states with 16,000 participants.”
Eba expressed worry over the sustainability of the project as the bank would withdraw funding at the end of June.
“The sustainability of counterpart funding is very important so that when we leave, its sustenance can be guaranteed,” he added.
Responding, Jang, represented by his deputy, Mr. Ignatius Longjan, assured the team of the state government’s commitment toward promoting agricultural activities in the state.
He said, “I have already directed the Commissioner of Finance to hasten the release of our counterpart funding to AfDB and I’m sure very soon you shall receive it. Agriculture is very dear to this administration; it is part of our 10-point agenda aimed at providing enough food for our people and Nigerians.”
The governor said he was pleased with the encouraging reports about Plateau and attributed the feat to the support it had enjoyed from the bank.
Jang called on World Bank to give more assistance to the state in the areas of health and power generation as well as the Fadama IV project.
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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