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Post-Insurgency: Craftec Homes, Obtuse Tec, others to invest N10 billion into Borno Infrastructural Renaissance
Post-Insurgency: Craftec Homes, Obtuse Tec, others to invest N10 billion into Borno Infrastructural Renaissance
By Our Reporter
As part of efforts to key into Governor Babagana Zulum’s 25-year “Development Plan’’ that would drive stabilization, boost recovery efforts and stimulate growth across all sectors and the 10- Year Transformation Strategy that was unveiled in November 2020 by the Borno State Government, Craftec Homes ltd, Obtuse Tec Engineering and Construction ltd is to partner with TAJ Bank, First City Monument Bank, FCMB and other business developers to invest about N10 billion in Jere Local Government Area and Maiduguri Metropolitan Council, MMC.
This was disclosed on Tuesday at Conference Hall, Prime Lodge, Maiduguri by the Project Manager of Craftec Homes ltd, Engr Grema Hamzah while unveiling ‘Borno Corporate Infrastructural Renaissance’.
He said the over-decade atrocities posed by insurgents and their attendant consequences of destruction require private investors and other development partners to support the Government in the post-insurgency era, so as to provide critical infrastructures and create job opportunities for the teaming youths in Borno.
To this end, Engr Hamzah observes that Maiduguri city’s population is growing due to rural-urban migration, and this trend is likely to continue, which is, in turn, a substantial motivation for infrastructure growth.
“Maiduguri City which is now peaceful continue to witness a rapid expansion of financial service providers, Information Technology, IT and financial technology Enterprises, as well as an increase in the number of relatively high-income buyers and tenants who require more high-quality commercial centres.
“Therefore, these companies are willing to invest in Commercial Joint Infrastructure to the tune of N10 billion. The investment will start with four Mega structures to include; Tech Mall, Renaissance Mall, Craftec Shopping Centre each with (A four-storey building with a mixed-use centre consisting of retail space and A-grade offices along the famous Ahmadu Bello Way, in addition to Exquisite Mall (A six-storey building with mixed-use Centre consisting of retail space and A-grade offices at Circular Raid, all in Maiduguri.
“The Borno Corporate Infrastructure Renaissance is a 100% transactional platform to develop projects, at-risk deals, fast track the closure of deals, and improve the business environment for investments to thrive.
“Craftec Home is not alone in this business, as we are on this platform together with our co-partners, Obtuse Tec Engineering and Construction ltd, Otec MFM, TAJ Bank and FCMB. This is aimed to fast track investments, creating wealth and unleash prosperity for Borno people”. He said.
In his keynote address, Member House of Representatives, Jere Federal Constituency, Hon, Engr Ahmed Satomi who was the former Chairman of Obtuse Tec Engineering and construction ltd, said, as a Board member of the company, this initiative is apt and timely, as it will provide an opportunity to about 70% of Global System for Mobile Communications (GSM) marketers who are mostly youths across the state.
Satomi pointed out that, depending on government alone is no longer visible considering the dwindling economy, adding that, with this new development, more jobless people in Borno would be taken out of the streets and become economically self-reliant.
The Lawmaker called on well-to-do individuals, and business partners to embrace this new initiative and invest heavily to develop Borno economically.
Also contributing, the Managing Director, Obtuse Tech, Engr Umar Lawan, said his construction company, was established in May 2013, which is an indigenous firm that specializes in civil engineering works and services such as infrastructural development, roads and drainage, bridges, solar installation, import and export of general civil engineering design and other related jobs.
He added that, in 2020, the company after its Annual General Meeting, AGM, decided to diversify into three sectors; Agriculture, Aviation and Banking.
“Today is another milestone in partnering with Craftec Homes to showcase our capacity in Corporate Commercial Infrastructure Development, CCID.
“We are also partnering with Otec, Financial Tech Micro Finance Bank where our core target is to fill in the 39 million gap of non-inclusion in Northern Nigeria”. Engr Lawan stated.
News
Police arrest three suspected kidnappers in Gombe
Police arrest three suspected kidnappers in Gombe
By: Zagazola Makama
The Gombe State Police Command has arrested three suspected kidnappers following a tip-off from credible intelligence, sources said on Friday.
Police sources said the suspects were apprehended on March 10 at about 10:00 p.m. by operatives working in conjunction with local hunters.
The arrested suspects were identified as Mohammed Abubakar, 29; Mohammed Bello, 23; and Mohammadu Ali, 25, all residents of Galda Village, Fika Local Government Area of Yobe State.
According to the report, the suspects were planning to carry out a kidnapping in an unspecified location in Bauchi State. Upon interrogation, they allegedly confessed to the planned crime.
Police said investigations were ongoing to uncover further details and apprehend any other accomplices involved in the plot.
Police arrest three suspected kidnappers in Gombe
News
Youths attack and kill two army officers while responding to dispute in Cross River
Youths attack and kill two army officers while responding to dispute in Cross River
By: Zagazola Makama
Two army officers, including an intelligence officer, were reportedly killed during a violent clash between youths in a disputed crisis zone between Isabang and Alesi communities in Obubra Local Government Area of Cross River State.
Sources told Zagazola Makama that the incident followed a conflict on March 11 when Ibrahim Musa, a 25-year-old miner from Kusa, who deals in tin ore at Ekuri village, was allegedly beaten by youths at a village checkpoint and had his mined minerals seized.
The miner reportedly reported the attack to soldiers stationed at 245 Battalion, Edor Barracks, near Jenifer Etuh’s Hospital in Ochon. Troops responded by moving into the forest to arrest four youths allegedly involved in the attack.
Residents said other youths blocked the access road to prevent the arrest and attacked the soldiers. In response, they fired which resulted to the injuries of four persons, including Christopher Agara, 27, and Ogobi Egbe, 30, while two others were evacuated for native treatment.
The attack resulted in the deaths of two soldiers.
Additional troops have since deployed additional personnel to restore order in the area, and normalcy has reportedly returned.
Youths attack and kill two army officers while responding to dispute in Cross River
News
New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe
New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe
By: Michael Mike
Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has said Nigeria’s new tax regime is structured to reduce the financial burden on workers and small businesses while strengthening the country’s fiscal stability and economic competitiveness.
Speaking at the BusinessDay Tax Reform Conference 2026 themed “Navigating the New Tax Regime: What It Means for Your Wallet,” Tegbe described the reforms as the most far-reaching restructuring of Nigeria’s tax system in decades. He noted that the initiative is aimed at simplifying tax processes, promoting fairness, and creating an environment that supports economic expansion.

According to him, the reforms are anchored on four major legislations — the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, Nigeria Revenue Service (Establishment) Act, 2025 and the Joint Revenue Board of Nigeria (Establishment) Act, 2025 — which collectively introduce a more coordinated and transparent tax administration framework.
Tegbe explained that the new structure provides targeted reliefs for individuals and small enterprises, ensuring that low-income earners and emerging businesses are not overburdened by taxation.
Under the new regime, individuals earning below ₦800,000 annually will be exempted from personal income tax. Workers will also benefit from a rent relief allowance of up to 20 per cent, capped at ₦500,000, among other incentives designed to ease financial pressure on households.
Small businesses are equally positioned to gain from the reforms. Companies with annual revenues below ₦100 million and assets not exceeding ₦250 million will be exempted from Company Income Tax, while nano-enterprises with annual earnings below ₦12 million will not be required to pay income tax.
Despite these relief measures, Tegbe stressed that individuals and businesses within the exempted thresholds must still maintain proper documentation of their earnings and comply with the requirement to file tax returns.
He noted that beyond the tax reliefs, the reforms will also strengthen institutional coordination among key agencies including the Nigeria Revenue Service, the Joint Revenue Board of Nigeria, the Tax Appeal Tribunal and the Office of the Tax Ombud. He added that increased digitalisation of tax processes will improve transparency, efficiency and compliance across the system.
According to Tegbe, the broader objective of the reforms is to create a tax structure that supports enterprise development, encourages investment and enhances Nigeria’s ability to mobilise revenue for national development without placing excessive strain on citizens.
“The goal is to build a tax system that works for everyone — one that supports government in delivering development while also protecting the financial wellbeing of ordinary Nigerians,” he said.
Other dignitaries at the conference included Executive Secretary of the Joint Revenue Board of Nigeria, Olusegun Adesokan; Acting Executive Chairman of the FCT Internal Revenue Service, Michael Ango; renowned economist Uche Uwaleke; and policy expert Sam Amadi, among others, who also contributed to discussions on the implications of the new tax framework for businesses and households.
New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe
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