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“I have fulfilled my pact with Plateau workers” – Governor Lalong

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Plateau State Governor Simon Bako Lalong says he has fulfilled his pact with workers in the State and is leaving behind a good legacy welfare of improved welfare and a professionalized workforce.

Lalong was speaking at the Workers Day Celebration held at the Rwang Pam Township Stadium Jos with the theme “Workers’ Rights and Socioeconomic Justice”.

Being his last appearance for May Day as Governor of Plateau State, Lalong said the event presents him another opportunity to not only bid them farewell but also reflect on the great relationship he has shared with the workers in the past 8 years.

“I want to specially thank you my dear comrades for standing up to be counted in the task of rescuing Plateau from clutches of underdevelopment and despondency. Looking back at where we took over in 2015, it is clear that a lot of difference has been made not only in the civil service, but the entire sectors of the economy. You will recall that on coming into office, I assured you that the era of salary arrears will be a thing of the past. We immediately paid 5 months withheld wages under no-work-no-pay policy and cleared inherited salary arrears of 8 months from the past administration. The same story applied to pension arrears of over 10 months which we equally cleared” he said.

He said little wonder, the comrades of Plateau State gave him the title of “Governor Alert” which was affirmed and endorsed by the NLC under the leadership of immediate past President Comrade Ayuba Wabba.

Lalong recalled that his administration was among the first in the country to begin the implementation of the thirty thousand naira minimum wage and consequential adjustments.

He said “This Administration in collaboration with the Federal Mortgage Bank of Nigeria also provided home renovation loan to over 2,500 civil servants in the approximate sum of three million naira each across Ministries, Departments and Agencies to ease housing challenges they face.This is in addition to the assistance by Government to the Nigeria Labour Congress in the purchase of the land for the NLC Housing Project in Jebbu Miango, which I understand some blocks have been completed and will be commissioned before I leave office”.

According to the Governor, his administration was and still remains among the first and few in the country to grant financial autonomy to the Local Governments, the Judiciary, as well as Legislature.

He said these achievements and more would not have been possible without the remarkable cooperation of the Organised Labour and the synergy that has continued to grow between the various Unions and Government.

“We are highly appreciative of our workers and shall continue to ensure a harmonious government-labour relationship despite the attempt by some politicians and vested interests to come between us and use the labour to antagonise the Government with a view to discrediting it” he said.

Lalong said as he prepares to hand over to the incoming administration, he prays that they will give them the kind of support and cooperation he was given.

NLC Chairman Plateau State Comrade Eugene Manji and his TUC counterpart Comrade Kenneth Shammah said the workers in Plateau are highly appreciative of the love and care shown to them by Governor Simon Lalong in the past 8 years.

They said the Governor apart from clearing all the inherited backlogs of salaries, has remained consistent in ensuring that workers are paid depsite the economic challenges.

However, they enumerated many issues including pending promotions, the implementation of harmonised retirement age for teachers among others which need to be addressed.

Head of Service Plateau State Engr. Sunday Hyat thanked the workers for remaining steadfast and supporting the Government to carry out its mandate.

He said Governor Lalong stands out for his compassion and love for workers by giving approvals for despite several economic challenges.

Guest Speaker Prof. Dung Pam Sha bemoaned the disparity between the workers and elites saying there injustice in earnings in the country which must be addressed without further delay.

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Lasaco Assurance’s ₦18.47bn Rights Issue Closes May 13

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BY NKECHI NAECHE-ESEZOBOR—Lasaco Assurance Plc has announced that v will officially close on May 13, 2026, marking the end date for eligible shareholders to participate in the capital raising exercise.

The offer is part of the company’s strategy to strengthen its financial base, boost underwriting capacity, and support its expansion plans within Nigeria’s insurance sector.

The offer comprises 9,236,321,546 ordinary shares of 50 kobo each, priced at ₦2.00 per share, on the basis of five (5) new shares for every six (6) existing shares held. The Rights Issue is open to shareholders whose names appeared on the Company’s register as at the close of business on February 20, 2026.

The exercise is expected to raise approximately ₦18.47 billion, which will be strategically deployed to strengthen the Company’s capital base, enhance underwriting capacity, and support the expansion of its market presence within Nigeria’s competitive insurance landscape.

Meristem Capital Limited is acting as Lead Issuing House, while PAC Capital serves as Joint Issuing House on the transaction.

Commenting on the development, the Managing Director of Lasaco Assurance Plc, Ademoye Shobo, reaffirmed the Company’s commitment to maintaining a robust capital position to meet its obligations and deliver sustained value to policyholders and stakeholders.

This initiative aligns with broader efforts across the Nigerian insurance industry to meet evolving regulatory capital requirements, strengthen balance sheets, and position operators to underwrite larger and more complex risks across key sectors of the economy.

The post Lasaco Assurance’s ₦18.47bn Rights Issue Closes May 13 appeared first on Business Today NG.

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AI research lab NeoCognition lands $40M seed to build agents that learn like humans

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Investors are aggressively courting AI researchers to build startups that can make AI more reliable and efficient.

Yu Su, an Ohio State professor leading an AI agent lab, said he initially resisted the pressure from VCs to commercialize his work. He finally took the leap last year and spun out his work into a startup when he saw that foundational model advances could make agents truly personalized.

NeoCognition, a startup Su describes as a research lab developing self-learning AI agents, has just emerged from stealth with $40 million in seed funding. The round was co-led by Cambium Capital and Walden Catalyst Ventures, with participation from Vista Equity Partners and angels, including Intel CEO Lip-Bu Tan and Databricks co-founder Ion Stoica.

“Today’s agents are generalists,” Su (pictured left) told TechCrunch. “Every time you ask them to do a task, you take a leap of faith.”

According to Su, the issue lies in a lack of consistency. Current agents, whether from Claude Code, OpenClaw or Perplexity’s computer tools, successfully complete tasks as intended only about 50% of the time, he said.

Since agents are still so unreliable, they are not ready to be trusted, independent workers, Su told TechCrunch. NeoCognition intends to change that by developing an agent system that can self-learn to become an expert in any domain, similar to how humans learn.

Su argues that while human intelligence is broad, its real power is our ability to specialize. When we enter a new environment or profession, we can rapidly master its unique rules, relationships, and consequences.

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NeoCognition is building agents to mirror this exact approach.

“For humans, our continued learning process is essentially the process of building a world model for any profession, any environment,” Su said. “We believe for agents to become experts, they need to learn autonomously to build a model of any given micro world.”

Su views this capacity for rapid specialization as the critical missing link to getting AI to work reliably on its own.

While it is possible to train agents for autonomous tasks, they must be custom-engineered for a specific vertical. NeoCognition is different because it’s building agents that are generalists capable of self-learning and specializing in any domain.

NeoCognition intends to sell its agent systems primarily to enterprises, including established SaaS companies, which can use them to build agent-workers or to enhance existing product offerings.

Su highlighted that an investment from Vista Equity Partners is especially valuable for this reason. As one of the largest private equity firms in the software space, Vista can provide NeoCognition with direct access to a vast portfolio of companies looking to modernize their products with AI.

NeoCognition currently has about 15 employees, the majority of whom hold PhDs.

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