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Kugbo Market to Boost Local, National Economy, Says Mahmoud

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By Laide Akinboade, Abuja

The Federal Capital Territory (FCT) Minister of State, Dr. Mariya Mahmoud has stated that the Kugbo international market would undoubtedly promote local and national economy through increased trade and commerce.

The Minister also said that the market would generate revenue for the government through taxes, levies and other charges as well as provide employment opportunities for a wide range of people in line with the Renewed Hope Agenda of President Bola Tinubu.

Mahmoud made these assertions during the official inauguration of phase 1 Kugbo international market constructed by the Abuja Investment Company Limited, (AICL).

She emphasized that the project marks a significant milestone in the commitment to economic growth, infrastructure development, and sustainable investment in the Federal Capital Territory.

According to her, “The Kugbo international market is a testament to what can be achieved when public and private sectors collaborate with purpose.

“It is more than a trading hub. It is a thriving ecosystem designed to support businesses, empower entrepreneurs, create jobs, and attract both local and international investors.

“It is our hope that this market will become a vibrant centre of commerce, where ideas are exchanged, cultures are celebrated, and livelihoods are uplifted.”

The Minister hailed the Abuja Investment Company Limited for its unwavering dedication to driving economic development through impactful investments.

She also encouraged all stakeholders — traders, service providers, investors, and consumers to take full advantage of the opportunities the market presents.

Group Managing Director and Chief Executive Officer of Abuja Investment Company Limited, Amb Maureen Tamuno explained that one of the mandates of AICL is to attract, encourage and promote private investment into key sectors through commercially viable Public Private Partnership Projects (PPP).

Tamuno further explained that the Kugbo international market was developed through development partner, Messrs Mesotho Group Limited under a Build Operate and Transfer (BOT) arrangement where the government combines with the private sector to create profitable and sustainable public infrastructure.

She identified Small and Medium Enterprises (SMEs) as the backbone of any prosperous economy because they create jobs that drive sustainable economic growth.

She, however, acknowledged entrepreneurs’ challenges, such as inadequate capital access and business spaces, just as she assured the support of the administration to address the problems of unavailability of business spaces.

While highlighting the commitment of the present FCT Administration in promoting and encouraging entrepreneurs, she said shops would be gifted to hardworking traders from all the six area councils of the FCT.

This she said would demonstrate the commitment of the current administration, led by President Bola Ahmed Tinubu, to make the empowerment of SMEs a reality.

According to her, “These shops are more than just a business’ physical space and location; they symbolize renewed hope and economic independence for all the beneficiaries”.

While congratulating beneficiaries of the shops she urged them to seize this opportunity to grow their businesses, create more opportunities for others, and contribute to the prosperity of FCT and Nigeria.

Recall that there are over 1,600 shops and business spaces for Phase 1 of the market. These shops and business spaces range from lock-up shops to terrace shops and warehouses. The infrastructure of the Kugbo International market was designed with both convenience and sustainability in mind, incorporating modern amenities, that is., an administrative block clinic, fire station, restaurants, banking halls, and modern convenience.

Foreign News

Man Sentenced for Blackmailing German Priest With Nude Photos

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 A 50-year-old man was on Friday given a 20-month suspended sentence for blackmailing a German priest with nude photos.

During the trial at Augsburg District Court in the southern state of Bavaria, the defendant, who had no previous convictions, admitted to all charges.

According to the indictment, he sent nude photos downloaded from an internet platform hosting homosexual content, as well as a photo showing the priest, to the theologian at the end of 2022.

He threatened to give the photos to television stations and publish them in the priest’s parish, and demanded the priest send him 50,000 euros (56,600 U.S. dollars).

Later, the defendant also sent an email with the nude photos to the priest’s parish office.

The priest did not respond to either attempt or contact but reported the matter to the police.

The defendant was charged with attempted extortion and sentenced to one year and eight months in prison.

The sentence was suspended on probation.

The man must also pay 800 euros.

The verdict is not yet final. (dpa/NAN)

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Wike Spokesman Faults Sen. Ireti’s Position on FCT’s Ground Rent Enforcement

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Mr Lere Olayinka, spokesman of Minister of the Federal Capital Territory (FCT) Nyesom Wike has faulted the position of Sen. Ireti Kingibe on the enforcement of ground rent by the FCT Administration.Kingibe, representing the FCT in the Senate under the Labour Party, had challenged the sealing of property by the FCT Administration, describing it as unconstitutional.

The senator in statement noted that although enforcement of tax obligations was necessary, defaulting in ground rent payments was no legal ground for arbitrary takeover of property.
Responding, Olayinka, the Senior Special Assistant to Wike on Public Communications and Social Media, said in a statement in Abuja on Thursday, that the senator was unaware of the provisions of the Land Use Act.
He described Kingibe’s comment on the enforcement of payment of ground rent as illogical, explaining that land allocation comes with conditions.According to him, land allocation comes with conditions that must be met, one of which is the annual payment of ground rent without demand notice.He advised the senator against using the ground rent enforcement to score cheap political gain.“It is surprising that a serving senator of the Federal Republic of Nigeria, whose duty is to make laws, is ignorant of the provisions of Section 28, Subsections (a) and (b) of the Land Use Act.“Section 28, Subsections (a) and (b) of the Land Use Act provides that ‘The Government may revoke a Statutory Right of Occupancy on the ground of; (a) a breach of any of the provisions which a certificate of occupancy is by Section 10 deemed to contain; and (b) a breach of any term contained in the Certificate of Occupancy (C of O).“Now, is annual payment of ground rent not part of the terms contained in the C of O? ,” he asked.The spokesperson asked whether Kingibe would look away if land allottees refused to pay ground rent for 10 to 43 years if she was the FCT minister. Report says that the FCTA had on Monday, began taking over 4,794 revoked properties in the territory over unpaid ground rent, amounting to more than N6 billion.Tinubu, however, gave the defaulters 14-day grace to pay the outstanding ground rent and associated penalties. (NAN)

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We’ve Spent over N40bn in Payment of Salary, Pension Arrears —Otti

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Gov. Alex Otti of Abia has said that his administration has committed over N40 billion to clearing arrears of salaries and pensions in the past two years.Otti said this on Thursday during an event organised to mark his administration’s two years anniversary with the theme “Transformative Governance: Sustaining the Momentum”, in Umuahia.

The governor said that this move was aimed at restoring dignity and financial stability to the state’s workforce and retirees.
He said that prompt salary and pension payments had become an integral part of the system with workers now paid by the 28th of every month.Otti added that pensioners now receive full monthly payments, ending the era of partial disbursements experienced by retirees.
He also announced the full renovation of the previously abandoned Nnamdi Azikiwe Secretariat, now housing nearly 1,000 civil servants.The governor revealed efforts to digitise government operations and phase out manual filing systems through the provision of computers.He also said that an agreement with MTN would ensure full network coverage across the state by Dec. 31, 2025.Otti said that the state would also be witnessing the development of the first Aba Digital Mall by MTN, aimed at boosting e-commerce and local trade.Otti reiterated the sustained resolve of Abia Government to allocate 20 per cent of the state’s budget to education, and confirmed that smart schools were under construction across all 17 Local Government Areas (LGAs).According to him, the state’s free basic education policy had increased enrolment, prompting the transparent recruitment of 5,300 new teachers earlier this year.He also disclosed that another 4,000 teachers would be recruited to match the growing student population across public schools.The governor assured equal opportunities for all, regardless of state of origin, ethnicity, or religion during the exercise.On health, he said that over 100 Primary Healthcare Centres(PHCs) had been renovated, with commissioning set to begin on June 1.Otti also said that renovations were ongoing at ten general hospitals and two specialist centres to improve healthcare delivery in the state.Otti revealed plans for a medical village to tackle outbound medical tourism and position Abia as Nigeria’s healthcare hub.On security, he credited the government’s security intervention code named ”Operation Crush” for reclaiming territories in Umunneochi and Isuikwuato from criminals, restoring peace and safety.He praised security agencies for their sacrifice and commitment to protecting lives and property across the state.Otti stated that several roads in Umuahia, Aba, and other parts of the state were ready for commissioning starting June 1.He stressed that good governance, accountability, and prudent spending of public funds remain his administration’s core principles.Otti reaffirmed the state’s private-sector-driven economic strategy and commitment to creating a conducive business environment.He highlighted the government’s ₦1 billion empowerment of 10,000 nano-businesses to support entrepreneurship and reduce financial hardship.On electricity, he confirmed that Geometric Power now generated 141 megawatts, with the fourth turbine expected to boost capacity further.He revealed discussions with Enugu DISCO to isolate Umuahia as a power island, following the Aba model.Otti said the move aims to ensure stable electricity across Umuahia, Bende, Umunneochi, Isuikwuato, Ohafia, and Arochukwu.He also noted the installation of nearly 7,000 solar streetlights, part of efforts to improve security and drive a 24-hour economy.On sanitation, he celebrated the state’s transformation from one of the dirtiest to among the cleanest in Nigeria.He praised citizens for embracing cleanliness and environmental responsibility as a collective lifestyle.Otti commended civil servants, appointees, healthcare workers, and cleaners for driving the administration’s achievements.He attributed his administration’s success to divine guidance and the unwavering support of the people of Abia.The governor also expressed deep gratitude to the citizens for their support before, during, and after the 2023 elections.He further reaffirmed his commitment to building a functional, safe, and prosperous Abia for all.In their good will messages, the lawmaker representing Abia South Senatorial District, Sen. Enyinnaya Abaribe, and the lawmaker representing Isiala Ngwa North and South Federal Constituency, Chief Ginger Onwusibe, commended the governor for his transformational leadership style.They urged the people of Abia to continue to support the programmes and policies of the state government.Also, in their remarks, the Speaker of the Abia House of Assembly, Chief Emmanuel Emeruwa, and his deputy, Mr Austin Mmeregini, passed a vote of confidence on the governor.They expressed the resolve of the legislature to continually give the governor all the legislative support required to execute his rebuilding agenda.Report says that the event was attended by the former deputy governor, Chief Ude Oko-Chukwu, former Chairman of Ohafia LGA, among other dignitaries. (NAN)

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