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Senate  Consultant Scores Benue LG Bureau High on Projects Execution

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The Consultant for Senate Standing Committee on States and Local Government Administration, Engineer Kayode Adegbayo has described the quality of work done so far at the ongoing construction of the  Association of Local Government Of Nigeria (ALGON) House, Benue State Chapter as fantastic.

The Consultant also appreciated the uncommon and proactive leadership qualities of the Benue State Governor, Rev.

Fr.
Dr. Hyacinth Iormem Alia for having the plight of the Benue masses at heart.

Adegbayo gave the commendation while fielding questions from Journalists shortly after he was led by the  Special Adviser to the Benue State  Governor on Local Government and Chieftaincy Affairs, Hon.

Dr. Dennis Akura to inspect the ongoing work at the Benue State ALGON House, Makurdi.

The Consultant explained that he was in the State to go round the 23 local government areas and assess the projects being coordinated by the local government councils with the aim to awarding those that have performed well at their respective councils.

 Adegbayo further stated  that the Senate Committee on States and local government administration under the leadership of Senator Binus Yero was committed to ensuring that there ws progress at the third tier of government in all States of the federation.

He commended the Adviser on local government and chieftaincy Affairs Hon. Akura  for bearing his worth of experience as an ex – local government council chairman on his new job for the over all good and development of the State.

The Consultant explained that the Government of Benue State did not in any way make a mistake for the appointment of his Special Adviser on local government and chieftaincy Affairs and  described the appointment of the honourable Special Adviser being a former local government council chairman as a round peg in the round hole who has brought about a lot of reforms at the local government administration in the state.

” For the Adviser to ensure proper coordination of local government administration in the State where lean resources at the local government councils’ disposal are properly channel on projects that have direct bearing on the lives of the people at the grassroots is commendable.

“This project when completed will improve the Internally Generated Revenue (IGR) of the local government areas and the money that will be generated can be channeled to ventures that would create employment opportunities for our teaming youths at the grassroots areas.” The Consultant maintained.

He commended the Adviser for coordinating LGAs in the state for execution of people- orientated projects.

“The vehicles and motorcycles procured by the local government councils parked at the office of the Adviser on local government for onward distribution to the various council wards across the State to enhanced security at the local government is one major achievement worthy of   commendation.” Adegbayo stressed.

On his part, Dr. Dennis Akura, expressed satisfaction with the visit of the Consultant of Senate Committee to the State and promised an enabling atmosphere for their oversight.

Akura explained that, Benue State under the leadership of Rev. Fr. Dr. Alia has granted financial autonomy to local government councils as soon as he took the mantle of the State leaders a year before the supreme court verdict .

He further disclosed another area which the government of Rev. Fr. Dr. Alia has achieved at the local government areas under his strict supervision is the prompt payment of workers salaries, pensions and gratuities.

He revealed that the ALGON House project ongoing was coordinated by the Adviser put in place by the chairmen of the various local government councils to compliment the good work that the governor is doing in the State.

In his remarks, Benue State ALGON chairman and the Konshisha local government council chairman, Hon. Philip Achwua commended the Consultant and his delegation to the State and promised to give them the desired cooperation to succeed on their assignment.

He pledged on behalf of the other chairmen, to always ensure prudent application of the lean resources accruing to them on projects that are most beneficial to the masses at the grassroots. 

 Dr. Dennis Akura, Special Adviser to the Governor on local government and chieftaincy affairs with delegation taking round the Consultant to the Senate Committee on States and local government administration for inspection at the ongoing construction work at Benue State ALGON House Makurdi.

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Robust Capital Market Crucial for Nigeria’s Economic Prosperity- NGX Chairman

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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)

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FCT Emergency Department Rescues Suspected Victim of ‘one Chance’ in Asokoro

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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)

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Ministry Warns Public Against Fake Account

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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)

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