THE NIGERIAN
10
WEDNESDAY, NOVEMBER 27, 2013
Business + Economy Kaduna Spends Over N155m On Community Development
KADUNA - More than N155.2 million has been spent on the provision of access roads and portable water to 40 communities in Kaduna State under the Community-Based Agricultural and Rural Development Project (CBARDP). The State Coordinator of the project, Alhaji Sani Mohammed, disclosed this in an interview with newsmen. He said the projects involved the construction of 30 bore holes and a total of 54 kilometres of feeder roads in nine local government areas of the state. Mohammed said N36.6 million was spent on the drilling of bore holes to rural village areas in Zaria, Sabon gari, Ikara, Jaba, Kachia, Sanga, Birnin Gwari, Igabi and Kaduna South Local Government Areas. The Coordinator also
said N118.6 million was used to rehabilitate and construct 10 feeder roads, spanning 54 kilometres in the nine local government areas. He said two new roads linking Acade School to Agunu Dutse and Doka to Amale Junction in Kachia, were constructed under the programme. According to him, eight other roads were rehabilitated under the programme since it started in 2006. He listed the roads as the 4 km Kurmin JatauGaladimawa and 3.5km Ankung-Gora in Jaba; as well as the 7 km GwarajiBugai road in Igabi; He said three other roads were rehabilitated in Birnin Gwari local government area. These were the 6 km GSS Birnin Gwari-Bagoma Daji; 8 km Kutemeshi-Ungwar
NDE Trains 150,000 In Adamawa YOLA - The National Directorate of Employment (NDE) has announced that more than 150,000 persons benefited from its skilled acquisition training since inception in Adamawa. The Director-General of NDE, Mallam Abubakar Mohammed, announced this in Yola at the launching of Sen. Ahmed Barata Strategic Empowerment Scheme. Barata is representing the Adamawa South Senatorial District. Mohammed, who was represented by the Adamawa Coordinator of NDE, Alhaji Abubakar Aliyu, said 45,000 of the beneficiaries were trained in Rural Agricultural Training Scheme (RATS) and Rural Handicraft Scheme (RHS). He said more than 100,000 persons in the state were trained in vocational and technical trades like fashion designing, carpentry, tailoring, auto mechanic, hair dressing and electrical installation. According to him, more than 10,000 were trained in landscaping and e n v i r o n m e n t a l beautification. The coordinator said that 600 of the beneficiaries had so far been resettled
with seed funds to enhance quest to be self employed. He commended Barata for partnering with NDE in alleviating the hardship of members of his constituency through the training of 360 beneficiaries. Barata said the beneficiaries would be provided with inputs as part of his poverty alleviation programme. The News Agency of Nigeria (NAN) reports that beneficiaries were presented with sewing machines, grinding machines and water pumps.
Kanawa Magaji and 8 km Gonar Alhaji Muntari-Kurgi Sarki roads. Others rehabilitated were
the 6 km Kofar GaladimaWuccirin Abba and 3 km Dutsen Abba-Dalatu roads in Zaria local government.
He said the project was being implemented in collaboration with the African Development Bank, the Federal, State and participating local governments, and the
communities. The coordinator urged the participating communities to be more alive to their responsibilities by contributing the required one per cent to attract funding from other contributors.
A Corps member claiming her luggage at the close of the 2013 NYSC Batch ‘C’ Orientation Course at Kubwa in Abuja yesterday.
ASHON Links NSE Recent Growth To Increased Investors’ Activities LAGOS - Mr Emeka Madubuike, President, Association of Stockbroking Houses of Nigeria (ASHON), has attributed the recent growth in the capital market to increased activities of retail and institutional investors. Madubuike told newsmen in Lagos that the new confidence of investors in the market was noticeable in the equities market. He said that renewed investor confidence was due to significant returns on investment by quoted companies. Madubuike said that the new market strategies like
market making, securities lending and investors’ clinic contributed to the market growth. He advised local investors to take advantage of the new growth by increasing their stakes in the market. Madubuike said that the new strong fundamentals posted by quoted companies and stable national economic policies would ensure that the market maintained the upbeat trend. Meanwhile, investors last week traded 3.69 billion shares worth N29.08 billion in 28,386 deals against the 1.59 billion shares valued at N15.85 billion exchanged in 23,453 deals in the preceding week.
Minister of State for FCT, Oloye Olajumoke Akinjide inspecting the parade of Corps members at the closing ceremony of the 2013 NYSC Batch ‘C’ Orientation Course in Abuja yesterday.
The Financial Services Sector emerged the most active on the activity chart with 2.11 billion shares worth N10.93 billion traded in 12,178 deals. The Conglomerates accounted for 948.06 million shares valued at N4.76 billion in 3,713 deals. Investors exchanged
318.70 shares in the oil and gas sector worth N5.37 billion in 4,901 deals. Transcorp, Equity Assurance and UBA Capital were the most traded shares, accounting for 1.68 billion shares worth N5.14 billion achieved in 3,945 deals. The NSE All-Share Index
ILORIN Prof. AbdulGaniyu Ambali, ViceChancellor, University of Ilorin, has said that a moringa processing factory set up by the university would produce moringa-based food products and health supplements on commercial basis. Ambali disclosed this in his address on Monday at the second Moringa at the Leading Edge (MLE), conference organised by the Moringa Plantation Management Committee of the University. The four-day conference has the theme: “Emergent Moringa: Roles in Heath, Wellness, Sustainable Development, Environmental Protection and Global Food Security”. The VC pointed out that the university was keenly interested in the potential of the moringa plant. He said that this was because of its contributions not only to health and wellbeing but also to diverse areas of the economy. Ambali said that the conference offered an ample opportunity to unlock
knowledge and provide information about the plant. “The university is equally interested in the plant with a view to demystifying it against the backdrop of many fanciful claims made about it. “This mystery creates scepticisms among those who are scientifically-minded about its validity,” he said. He warned that the product had attracted abuse from unscrupulous agents and quack practitioners, hence the need to tighten the control over the production of herbal products including moringa. In his own address, Alhaji Bature Masari, the Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said there should be a deliberate linkage between the academia, industry and government for efficient partnership to drive innovation. Masari, who was represented by Dr Friday Okpara, Head, Public Private Partnership (PPP) at SMEDAN, said this would help achieve food security, employment generation and effective response to rawmaterial needs.
UNILORIN To Boost Nation’s Economy With Moringa