NEWS
FCTA Constructs 108 Classrooms, Renovates 277 others in 2023 – Secretary

By Laide Akinboade, Abuja
The Federal Capital Territory Administration (FCTA) on Wednesday, said it has constructed 108 classrooms and rehabilitated 277 others in 2023.
The Mandate Secretary of Education secretariat, Dr Danlami Hayyo, said this during the secretariat’s 17th end-of-year media briefing in Abuja on Wednesday.
Hayyo added that 64 Ventilated Improved Pit (VIP) toilets, 11 boreholes, seven school fences, one administration block and 1 laboratory were also constructed during the period.
He also said that four laboratories, four administration blocks, three boreholes and a girls’ hostel were equally rehabilitated within the outgoing year.
He equally said that school furniture and instructional materials were supplied to Universal Basic Education (UBEB) schools, while 15 boreholes were constructed at primary and junior secondary schools.
He further said that two toilets were constructed in two Junior Secondary Schools, while educational support school bags and learning materials were provided to eight junior secondary schools.
“We also expanded the Zonal Offices of the Department of Quality Assurance from seven to 12 and repaired eight utility vehicles for effective monitoring and evaluation.
“Also, a 150-capacity hall and digital literacy programme were inaugurated in Abuja Municipal Area Council, Bwari and Kuje Area Councils, while laboratories and books for libraries were provided to schools,” he said.
On tertiary institutions, the mandate secretary said that the secretariat completed the construction of a 600-capacity Computer-Based Test Centre at the College of Education, Zuba, among other successes.
He stressed that the FCT Administration was not leaving any stone unturned in the improvement and provision of adequate infrastructure.
“We will continue to provide classrooms, laboratories, libraries, and recreational spaces to nurture well-rounded, successful students and ensure the efficacy of the educational delivery system,” he added.
On capacity building, Hayyo said that continuous capacity building of teachers and management staff was crucial for ensuring a high-quality and effective educational system.
He argued that capacity building enhances teaching quality, students’ performance, and professional development, and encourages innovative teaching techniques as well as incorporating new curriculum approaches among other benefits.
He said that to this end, the secretariat had facilitated a series of training sessions for teachers and management staff within the year under review.
The education secretary disclosed that some of the teachers were trained in Early Childhood Care Development Education, while 85 health teachers and others were trained in nutrition and food in the Annual Operation Plan.
He also said that 6,042 girls and women were trained in accelerated literacy in collaboration with European and UNESCO.
“Free CBT training was also conducted for 1,268 youths while 199 out-of-school children and 55 women were trained on shoemaking, paint production, decorations, hijab making, snacks and traditional henna skill acquisition.
“Similarly, 70 women were trained in digital entrepreneurship in partnership with Dream Divas Touch, while 30 youths were equally trained in web application design.
Hayyo further said that the education secretariat had put in place a motivation mechanism to encourage, inspire and incentivise individual staff to perform better, achieve goals and excel in their schedules.
On sports development, the mandate secretary said that the secretariat had made the FCTA proud through the various outstanding achievements and awards received within the year.
Other achievements within the year according to the mandate secretary included the disbursement of the 1st trenches of the School-Based Management Committee-School Improvement grant to 32 benefitting schools across the FCT.
He added that a Technology Incubation Centre Solar Hub was also certified in Karu, while an Automobile Diagnostic Centre and a Robotics Centre for Schools were established within the year.
He identified inadequate qualified teachers and a shortage of funds to implement capital projects as some of the challenges in 2023 and expressed hope for better performance in 2024.
“We express our profound gratitude for the overwhelming support of the FCT Administration led by the FCT Minister, Mr Nyesom Wike, the FCT Minister of State, Dr Mariya Mahmoud, and the Permanent Secretary, FCTA, Mr Olusade Adesola.
“We also thank our development partners for all the financial and technical support throughout 2023,” he said.
NEWS
Robust Capital Market Crucial for Nigeria’s Economic Prosperity- NGX Chairman

Chairman, Nigerian Exchange Group, Dr Umaru Kwairanga, says the Nigerian Capital Market has experienced exponential growth since he assumed office in 2022.He reiterated the group’s commitment to deepening Nigeria’s capital market in alignment with President Bola Tinubu’s vision of growing the nation’s GDP to one trillion dollars by 2030.
In a statement issued in Lagos, Kwairanga was said to have made the remarks while delivering a keynote address at the “For the Love of Our Country (FLOC) 2025” symposium, held at Bayero University Kano (BUK) on Friday. He spoke on the theme, “Reimagining Nigeria’s Economy for a Prosperous Future: Where We Were, Where We Are, and Where We Should Be in the Next Decade”.According to him, the All Share Index (ASI) rose from 48,837 basis points to 111,742 basis points, while market capitalisation grew from N26.375 trillion to N70.463 trillion by May 2025.He said that bond markets were included with total market capitalisation now at over N121 trillion.“This growth shows that we have more than doubled the indices of both our equity and bond markets in just over two years.“However, our goal is even more ambitious as we work towards making the capital market central to achieving a $1 trillion economy,”he said.Kwairanga emphasised the strategic importance of a robust capital market in financing long-term infrastructure, encouraging formalisation of businesses, and mirroring the nation’s true economic potential.He noted with concern that Nigeria’s market capitalisation remains less than 20 per cent of Nigeria’s GDP, compared to South Africa’s Johannesburg Stock Exchange which exceeds its national GDP.To address this, he outlined several initiatives being undertaken by NGX Group and its regulators, particularly the Securities and Exchange Commission (SEC), to enhance market transparency and efficiency.He said these include the dematerialisation of share certificates, resolution of unpaid dividend backlogs, and the recent reduction in clearing time for secondary market transactions to T+2.“We are working closely with regulators and stakeholders to make our market more accessible and attractive.”He said that major listings in the oil and gas sector, such as the planned sale of a stake in NNPC Ltd. and the anticipated listing of Dangote Petrochemicals, would significantly boost market capitalisation.He also spoke on digital innovation as a key driver of market participation, citing the launch of NGX Invest, a digital platform for primary market offers and financial literacy campaigns targeting youths, students, and members of the National Youth Service Corps (NYSC).The chairman revealed the ongoing engagements with institutional investors such as pension fund administrators and mutual funds.He also hinted on the development of sophisticated products like exchange-traded funds, derivatives, and ethical investment instruments.He highlighted efforts to integrate African capital markets through cross-border linkages that would allow investors in Nigeria to trade shares listed on exchanges in countries like Ghana and vice versa.In spite challenges such as declining disposable income, infrastructural deficits, and global economic headwinds, Kwairanga expressed optimism that these could be surmounted.“We are confident that Nigeria will have the broader, deeper, and more sophisticated capital market it deserves before the end of this decade,”he said. (NAN)NEWS
FCT Emergency Department Rescues Suspected Victim of ‘one Chance’ in Asokoro

The Federal Capital Territory Emergency Management Department (FEMD) says it has rescued a woman, who was forcefully pushed out of a moving vehicle in Asokoro, Abuja, on Friday.The department’s Head of Public Affairs, Mrs Nkechi Isa, disclosed this in a statement in Abuja.
Isa said that the incident occurred at about 4:30 p. m. at the Powerhouse Bus Stop Junction,Yakubu Gowon Crescent in Asokoro. According to her, eyewitnesses at the scene said the woman was pushed out of a moving vehicle suspected to be a robbery, by “one chance” operators.She described “one chance” as a criminal gang posing as commercial drivers with passengers, leaving one space (one chance) for an unsuspecting victim.Once they take off, the criminals dispossess the victims of their valuables and often throw them out of the moving vehicle.She said that the FEMD Search and Rescue Team was notified of the incident by the FCT Fire Service and immediately swooped into action.“On arrival at the scene, the team found the victim, identified as Khadija Salisu, unconscious but without visible physical injury.“She was promptly taken to the Asokoro District Hospital and is responding to treatment,” Isa said. (NAN)NEWS
Ministry Warns Public Against Fake Account

The Ministry of Foreign Affairs on Friday warned against the use of social media accounts by unscrupulous individuals spreading false information about its officials.The ministry’s spokesperson, Kimiebi Ebienfa, issued the warning in Abuja following the creation of a fake Facebook account in the name of Permanent Secretary, Amb.
Dunoma Ahmed. Ebienfa said, “This fraudulent account is being used to spread false information, promise contracts, solicit help, and offer enticing rewards to unsuspecting members of the public. “The Ministry firmly disassociates itself from this impersonation and urges the public to disregard any messages from the fake account, which is not an official channel. “It is important to clarify that the Permanent Secretary does not operate or own any social media account.” He advised the public not to engage with individuals or groups behind such fraudulent schemes, as they are deceptive and harmful. According to him, the ministry is working closely with security agencies and Meta, Facebook’s parent company, to investigate and shut down the fake account. Ebienfa reaffirmed the ministry’s commitment to transparency, integrity, and protecting citizens from fraudulent activities across all platforms. (NAN)