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Tinubu Praises Mbah on Multiple Projects in Enugu

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From Sylvia Udegbunam, Enugu

President Bola Tinubu has heaped encomiums on the governor of Enugu State, Dr. Peter Mbah over his development strides, declaring that the governor had done a fantastic job so far.

Tinubu said the election was over and called for collaborations across party lines and tiers of government to build the nation.

The President gave the commendation during a one-day state visit to the South East state where he also commissioned some of the numerous development projects executed by Governor Mbah in the past 19 months.

“He is doing a fantastic job. I am glad that Enugu had a very good day tomorrow, today. I salute Peter Mbah for his commitment to development.

You have built up a good team and I have reviewed a number of things with you in Abuja. You have encouraged me on the technological advancement of the state. The commitment you have from the private sector. I know your background.

“The election is over and we have to move the nation forward. You have demonstrated that irrevocable commitment towards human development.

“I don’t care which party you come from. You are my friend. You are doing well and very focused. We must build this house called Nigeria to not just satisfy our immediate need, but our tomorrow too. That’s why the removal of the fuel subsidy was necessary. We cannot spend the future generations yet unborn in advance. Don’t bankrupt the nation before they’re born.

“I am very proud of Nigeria. Mbah is proud of Nigeria. He is doing everything possible to provide security, attracting foreign investors, and other investors locally. There’s no better investment than the investment to secure lives. I saw those cars, the Distress Response Squad. It is the way to go.

“Please, continue to cooperate and collaborate with your son, brother and friend here, Mbah, who is really committed to push the development of Enugu State and be a good symbol of south eastern states,” he stated.

Projects commissioned by the president were the 30 completed and equipped Enugu Smart Green Schools out of 260 under construction across the 260 wards in the state, 60 completed and equipped Type 2  Primary Healthcare Centres out of the 260 under construction across the 260 wards in the state, completed multi-auditorium and multi-functional Enugu International Conference Centre,  90 completed urban roads in Enugu City, and a state-of-the-art Command and Control Centre/150 patrol vehicles fitted with AI-embedded surveillance cameras.

Mbah: Our dreams are grand – but by no means grandiose.

Meanwhile, thanking the president for making Enugu his first port of call in 2025, and for all the support and cooperation accorded to his government, Governor Mbah stressed that his government’s huge investment in security, education, health and infrastructure were geared towards the actualisation of his vision to grow the state’s economy exponentially to $30bn, describing it as realisable.

“Our goals include growing Enugu State from the $4.4bn economy that it was on my accession to office, to a $30bn economy in the next four to eight years.

It also includes the ambition to make Enugu State one of Nigeria’s top three states in GDP terms.

“But we recognise that few things stifle dreams such as we have, and drain life out of a city like untamed criminality – or any hint of it.

“That understanding is evident in the substantial investments we have made in strengthening security in Enugu State.

“The framework of our security system was designed to nip crime in the bud, and react swiftly when there is any breach of security.

“However, a sense of security is not simply instilled through the physical presence of arms-bearing personnel. It is rather reinforced by a system that helps guarantee a sense of security even when the threat of crime is remote.

“This is what our AI-enhanced security initiative, which has led to round-the-clock surveillance of our streets and neighbourhoods across the entire state, is helping us to achieve.

“This state-wide CCTV network is operated via this Command and Control Centre commissioned today,” he stated.

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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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