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NNDC Reports N3.24bn Profit, Credits Northern Governors’ Visionary Reforms
The New Nigeria Development Company Limited (NNDC) has announced a profit of N3.24 billion for the financial year ending March 31, 2024, marking a significant milestone in the company’s performance trajectory.....KINDLY READ THE FULL STORY HERE▶
The figure was revealed during the 56th Annual General Meeting held in Kaduna on Wednesday. Chairman of the company, Alhaji Lamis Dikko, credited the achievement to improved operational efficiency and strategic resource utilization.
He noted that the company recorded a revenue of N794.64 million—a 33% increase from the previous year’s N532.53 million—while also reducing operating expenses by 9%, amounting to N974.14 million. Profit before tax rose sharply from N2.51 billion to N3.24 billion.
Dikko applauded the Northern States Governors’ Forum for providing strategic direction through bold reform policies aligned with the developmental ideals of the late Premier, Sir Ahmadu Bello.
“Our alignment with this visionary agenda continues to steer our growth. We are focused on performance, strong corporate governance, and value creation,” he said.
He also disclosed that as of November 2024, the company had trained 1,718 professionals at centers across Kaduna, Kano, Ilorin, and Gombe in collaboration with the Institute of Chartered Accountants of Nigeria (ICAN).
Highlighting the importance of human capital investment, Dikko described the initiative as essential to sustaining the company’s growth and preparing future leaders.
The NNDC chairman further expressed confidence in the organization’s future, citing emerging opportunities and strategic projects as key to ongoing success. He acknowledged the contributions of former board chairman Alhaji Tanimu Yakubu and commended the efforts of the past board, made up of the Secretaries to the Governments of the 19 northern states.
Owned collectively by the 19 northern states through the Northern Governors’ Forum, NNDC continues to position itself as a driver of economic development in Northern Nigeria.
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“They Didn’t Even Want To See Me” — Atiku Opens Up On PDP Coalition Snub.
Former Vice President Atiku Abubakar has revealed that his push for an opposition coalition was initially rejected by members of the Peoples Democratic Party (PDP).....KINDLY READ THE FULL STORY HERE▶
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Atiku Opens Up On ADC 2027 Game Plan, Says Consensus Candidate Comes First.
Former Vice President Atiku Abubakar has said the African Democratic Congress (ADC) will first pursue a consensus arrangement before considering a primary election for its 2027 presidential ticket.....KINDLY READ THE FULL STORY HERE▶
Atiku made this known during an interview on Arise Television on Wednesday while discussing the party’s leadership and strategy ahead of the next general election.
He said he is open to backing a consensus candidate if that becomes the party’s collective decision, stressing that such support should not be interpreted as stepping aside.
“It is not about stepping aside, but whether I am willing to support, and yes, I will,” Atiku said.
According to him, the ADC’s first priority is to build internal unity and reach an agreement among stakeholders before considering a competitive primary process.
“Our first option will be to work out a consensus. If that doesn’t happen, then of course we will explore other options. And yes, I will support whoever eventually emerges,” he stated.
Atiku also expressed confidence in the political experience within the party, saying he believes a consensus is achievable and may make a full-scale primary contest unnecessary.
“That remains our preferred path. We will go for primaries if consensus fails, but I honestly do not expect it to get to that stage because we are dealing with mature and experienced politicians,” he added.
His comments come amid growing political consultations and coalition talks as parties begin to position themselves ahead of the 2027 general elections.
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2027: I Stand A Better Chance To Win Presidency Than Anyone Else – Atiku.
Former Vice President Atiku Abubakar has said the opposition coalition under the African Democratic Congress (ADC) has significantly strengthened his chances of winning the 2027 presidential election.....KINDLY READ THE FULL STORY HERE▶
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