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Popoola elected ASEA executive committee member

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The Nigerian Exchange Limited (NGX) has announced that its Chief Executive Officer, Temi Popoola, has been elected to the Executive Committee of the African Securities Exchanges Association (ASEA).

This was contained in a statement electronically transmitted to Biztellers on Thursday, in which it averred that Popoola’s election was at ASEA’s Annual General Meeting and Conference in Abidjan, Cote D’Ivoire on December 7, 2022.

Part of the statement read: “ASEA, the continent’s prime association of securities exchanges was established in 1993 with the mandate to develop its members’ markets, promote the capital market business and provide a platform for networking.

 

“At the association’s Annual General Meeting and Conference in Abidjan, Cote D’ Ivoire on 7 December 2022, Popoola was elected into the executive committee in a process that saw the Chief Executive Officer of the Botswana Stock Exchange, Thapelo Tsheole and the Chief Executive Officer of the Rwanda Stock Exchange, Pierre Celestine Rwabukumba also elected as President and Vice President of ASEA respectively.

 

“Popoola appreciated the representatives of the member exchanges for their confidence in selecting the committee members and thanked the immediate past president, Dr Edoh Kossi Amenounve for his service to the association.”

 

The statement quoted Popoola thus: “I also appreciate the Group Chief Executive Officer of Nigerian Exchange Group Plc, Mr Oscar N. Onyema OON for his support during my election to the committee and his efforts on ASEA’s initiatives during his time as leader of the association.

 

“As the president of ASEA between 2014 and 2018, he championed the initiation and development of the African Exchanges Linkage project which is now being officially launched and will aid the pooling of liquidity across exchanges on the continent.

 

Popoola added, “ASEA as the premier association of securities exchanges in Africa is tasked with the duties of promoting the capital markets of its members at the global level and foster capital inflows into Africa capital markets. At NGX, we will continue to collaborate with other ASEA members on the development of our markets, intelligence and data sharing, and join in advocacy efforts.

 

“I am confident that the committee will continue to advance the pan-African agenda, enhance sustainability and capital mobilisation efforts and drive continent-wide financial inclusion for the development of our continent.”

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Insecurity: ‘We Cannot Keep Counting Bodies’ — Obi Warns FG

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The presidential candidate of the Nigeria Democratic Congress, Peter Obi, has condemned the recent killings and abductions in parts of the North-Central region, warning the Federal Government that Nigeria must not become a “killing field.”

Obi made the call in a statement posted on his X handle on Sunday, following recent attacks in Benue, Plateau and Niger states.

He described the situation as a national security emergency and urged governments at all levels to take urgent and decisive action to protect vulnerable communities and prevent further bloodshed.

SEE ALSO: Lokpobiri Inspects NCDMB Host Community Projects in Bayelsa

“What is happening to our country? In recent days, deadly attacks have struck Benue, Plateau and Niger States, three contiguous states in Nigeria’s North-Central region.

“In Mangu, Plateau State, at least 23 people were officially reported killed in the Jwak Maitumbi attack, while residents put the toll above 30. More than 45 houses were reportedly destroyed.

“In Borgu, Niger State, recent attacks reportedly killed over 40 people and abducted more than 100, though the figures remain contested. This comes amid continuing violence in Benue, where communities face repeated killings, abductions and the destruction of homes and livelihoods.”

Obi said the attacks were particularly disturbing because Nigeria was not officially at war, yet citizens were being attacked in their communities.

“Nigeria is not officially at war, yet citizens are being attacked in their villages, abducted after prayers, driven from their homes and stripped of their farms,” he said.

The former Anambra State governor argued that the violence in Benue, Plateau and Niger should no longer be treated as isolated incidents, noting that similar attacks were occurring in other parts of the country.

He called on governments at all levels to strengthen security measures, improve intelligence gathering and rapid-response capabilities, rescue abducted Nigerians and arrest and prosecute those responsible.

“I urge governments at all levels to wake up to their responsibility and take urgent and decisive action to end this madness once and for all,” he said.

“Government must protect vulnerable communities, improve intelligence and rapid-response capabilities, rescue abducted Nigerians, and arrest and prosecute those responsible.”

Obi further stressed that the government should focus on preventing attacks rather than responding only after lives had been lost.

“We cannot keep counting bodies after every attack. We must prevent these attacks before they happen.

“Protecting lives and property is the most basic duty of government. Nigerians deserve nothing less. Nigeria must not become a killing field.”

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Kaduna Clears N18bn Pension Arrears, Raises Agric Funding to N100bn

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The Kaduna State Government has disclosed that it has cleared about N18bn out of the pension and gratuity arrears inherited by the administration of Governor Uba Sani.

The state Commissioner for Information and Culture, Ahmed Maiyaki, disclosed this in an exclusive interview on Saturday, attributing the development to increased allocations from the Federation Account under President Bola Tinubu.

Maiyaki said the additional resources had enabled the state government to intensify infrastructure development while increasing funding for agriculture, education, healthcare, transportation, security and youth employment.

According to him, the Uba Sani administration inherited about N24bn in outstanding pension and gratuity liabilities, alongside foreign and domestic debts.

He said, “When the governor assumed office, we inherited a backlog of debts, both foreign and domestic, which would have made it very difficult for the state to even pay salaries.”

The commissioner also disclosed that 115 road projects were ongoing across the 23 local government areas of the state, with more than half completed and covering over 1,400 kilometres of roads.

“Before now, 12 local government areas in Kaduna State had not seen even half a kilometre of road projects. But today, with the infrastructural development taking place in Kaduna State, 115 road projects are ongoing across the state,” he said.

Maiyaki explained that the road projects were designed to improve transportation, connect farmers and rural communities to markets, facilitate access to healthcare and strengthen security.

He cited a 35-kilometre road linking about 76 communities as one of the projects with significant socio-economic impact.

“We have a 35-kilometre road that has connected about 76 communities, particularly farming communities. This is one significant project that has helped provide farmers with access to markets and their farms,” Maiyaki stated.

Agriculture funding rises to N100bn
The commissioner said agriculture had received one of the biggest boosts from the increased revenue available to the state, noting that the sector contributes about 42 per cent of Kaduna’s Gross Domestic Product and provides approximately 60 per cent of employment.

He disclosed that the state’s agricultural budget rose from N1.4bn in 2023 to more than N100bn in 2026.

“This represents an increase in agricultural funding from 0.4 per cent to 11.6 per cent over the last three years,” he said.

According to Maiyaki, the increased funding had enabled the government to provide fertiliser and other inputs to smallholder farmers, as well as invest in irrigation, mechanised agriculture and extension services.

He said the state distributed 400 trucks of NPK and urea fertiliser to farmers in 2024 and another 500 trucks in 2025, while 150,000 smallholder farmers are being targeted for fertiliser distribution in 2026.

“Today, Kaduna State is the highest producer of maize, the highest producer of tomatoes, the second-highest producer of soybeans, and the highest producer of ginger in the country,” Maiyaki said.

Kaduna allocates N264bn to education
On education, Maiyaki said the state had sustained increased funding, keeping its allocation above the 25 per cent benchmark recommended by the United Nations Educational, Scientific and Cultural Organisation.

He disclosed that more than N264bn was allocated to the sector in the 2026 budget.
The commissioner said the funds had been used to construct and renovate classrooms, recruit teachers and improve infrastructure in tertiary institutions.

“Over 75 secondary schools, including junior and senior secondary schools, have been constructed, while thousands of classrooms have been renovated,” he said.

He added that the investments had contributed to a reduction in the estimated number of out-of-school children in the state from about 550,000 in 2023 to approximately 187,000 in 2026.

CNG buses save residents N4bn
Maiyaki further disclosed that the state government had deployed 100 compressed natural gas buses to provide free transportation for civil servants, students, traders, artisans and other residents.

He said the buses had transported about four million passengers in one year, saving beneficiaries an estimated N4bn.

“Over the last one year, the introduction of the CNG buses has transported about four million people, saving them about N4bn at no cost to our people,” he stated.
Kaduna records no religious conflict in three years

On security, the commissioner attributed improved security and freedom of movement across the state to the combination of road construction, social interventions and the Kaduna Peace Model.

Maiyaki claimed that the state had not recorded a religious conflict in the three years since the Uba Sani administration assumed office.

“One of the key outcomes of our investment in peace and security is that, over the last three years since the assumption of office of His Excellency, the Governor of Kaduna State, we have not witnessed a single religious conflict in Kaduna State,” he said.

 

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Three Years in Office: Wike Highlights Major Achievements in FCT

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Minister of the Federal Capital Territory (FCT), Nyesom Wike, has highlighted the revival and completion of abandoned capital projects as one of the major achievements of his three-year tenure in the FCT.

Wike spoke on Saturday after inspecting major infrastructure projects across Abuja, as he reflected on the achievements of his administration since assuming office on August 21, 2023.

According to the minister, his administration has focused on reviving abandoned projects, completing critical infrastructure and delivering new projects to transform the nation’s capital.

SEE ALSO: Why Adeleke Defeated APC in Osun, Wike Explains

He also announced plans by the FCT Administration to publish a comprehensive report detailing projects completed and initiated during his tenure.

Wike said the report would cover projects inherited from previous administrations and completed under his watch, as well as new projects awarded by his administration.

He said his team had remained committed to its mandate despite the challenges encountered since taking office.

“I am happy that in these three years in office, our team has remained completely committed to doing the job.

“Challenges have come, but we have been able to surmount them.

“The residents of the FCT can attest and testify that indeed things have changed for the better,” he said.

The minister said the administration had prioritised aggressive infrastructure delivery, urban renewal and the completion of critical projects to change the narrative about Abuja.

“When we came in, many doubted what could be achieved. Today, you can see the results for yourself,” Wike said.

Wike further said his administration had revived and completed critical capital projects abandoned by previous administrations, some of which had remained uncompleted since 1999.

“The track record of what we have accomplished in these three years is there for everyone to see.

“When you look at the actual records of what we have achieved, you will be shocked at how far we have come,” he added.

The minister expressed satisfaction with his contribution to the development of the FCT, saying he was proud of the progress recorded during his three years in office.

“I am very happy and proud that I have been able to contribute my own quota to the development of the FCT,” he said.

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