News

Plateau Revenue Service Generates ₦1.699 Billion in August, Targets ₦4 Billion Monthly

Published

3 years ago

October 20, 2023

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The Plateau State Internal Revenue Service (PSIRS) has revealed that it generated ₦1.699 billion in revenue for the month of August and is actively working to increase its monthly revenue to ₦4 billion.

This was disclosed by the Chairman of PSIRS, Jim Pam, during a visit by the Plateau House of Assembly (PLHA) Committee on Public Accounts and Petitions to oversee the agency’s operations on Wednesday.

Pam emphasized the service’s commitment to plugging revenue leakages to boost the state’s internal revenue profile. He stated that these leakages not only affect the revenue service but also the state’s overall financial health.

“If we do not generate enough or adequate revenue, you cannot execute your constituency projects and the pressure would be on you in different areas.

“The internal revenue stimulates economic activities; if we allow leakages, there will be no revenue and government activities will be grounded.

“As a service, we are charting a new course. Going forward, we shall work to the best of our ability to drive the process and increase the numbers.

“Thankfully, the numbers have started increasing from when I took over. In August, we got ₦1.699 billion. At the close of September, we got ₦1.5 billion.

“I believe the numbers will keep increasing but, of course, the economy generally is not doing so well at the moment.

“Again, these are not peak periods for revenue collections, however, we’re trying to see what we can do and I am sure by next year when everything will stabilise, we will start hitting ₦4 billion every month.

“We believe that with the technology we’re trying to deploy, and the renewed attitude we are trying bring into the service, things will move forward for the better,” he stated.

Pam told the committee that the revenue service was transparent and its books were always open for the lawmakers to always check. AssemblymanAzi Madaki, Chairman, PLHA Public Accounts and Petitions Committee, had earlier said that the visit was to assess the activities of the service in line with the committee’s mandate.

Madaki said that the visit was also to ensure that activities of all formations in the state were transparent and in accordance with the laid down procedures.

The News Agency of Nigeria(NAN) quotes the committee Secretary, Nicholas Barry, as telling all Ministries, Departments and Agencies(MDAs) visited that they were duty-bound to submit quarterly financial report to the committee. Barry said that such would help the committee in making decisions concerning the MDAs for the good of the state.

Among MDAs the committee visited are the Ministries of Finance, Local Government and Chieftaincy Affairs as well as the Office of the Auditor General of the State and that of the Local Government

Related Topics:Plateau Revenue Service Generates ₦1.699 Billion in August

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Meta buys robotic startup to bolster its humanoid AI ambitions

Published

1 hour ago

May 1, 2026

Preport

Meta has acquired humanoid robotics startup Assured Robot Intelligence for an undisclosed sum, the social media giant said.

“We acquired Assured Robot Intelligence, a company at the frontier of robotic intelligence designed to enable robots to understand, predict, and adapt to human behaviors in complex and dynamic environments,” a Meta spokesperson told TechCrunch in an emailed statement.

ARI’s team, including its co-founders, will join Meta’s AI unit, the Superintelligence Labs research division. ARI had raised an undisclosed seed round from AI seed firm Aix Ventures.

The startup was building foundation models for humanoid robots to perform all types of physical labor such as household chores. Co-founder Xiaolong Wang was previously a researcher at Nvidia, and an associate professor at UC San Diego, with a list of prestigious awards to his name. Co-founder Lerrel Pinto, who previously taught at NYU and co-founded the kid-size humanoid startup Fauna Robotics before Amazon snapped it up last month, has also won a string of prestigious awards.

ARI will help Meta with its humanoid ambitions. “This team, led by Lerrel Pinto and Xiaolong Wang, will bring a deep expertise in how we can design our models and frontier capabilities for robot control and self-learning to whole-body humanoid control.”

Meta researchers have been working on humanoid robotics tech for years. A leaked memo from a year ago discussed Meta’s ambitions to build such a robot, including AI models and hardware, aimed at consumers.

Even if Meta never releases a consumer humanoid product, many AI experts these days believe that the path to artificial general intelligence (AGI) — the theoretical point at which AI reaches or surpasses human-level intelligence across all domains — will require training AI models in the physical world, where robots learn through direct interaction rather than data alone.

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The ARI and Fauna deals reflect a broader industry sprint — one where forecasts vary wildly, from Goldman Sachs’s projection of $38 billion by 2035 to Morgan Stanley’s estimate of $5 trillion by 2050 — a spread that reflects both the enormous potential and the uncertainty around tech that’s still finding its footing.

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Business

Kunle Ahmed Celebrates 55 Years of NIA, Honours Past Leaders

Published

2 hours ago

May 1, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—The Chairman of the Nigerian Insurers Association (NIA), Kunle Ahmed, has paid tribute to past leaders of the association, describing their contributions as the foundation of the industry’s growth over the past 55 years.

Ahmed made this known in his welcome address at the 2026 NIA Awards and Recognition Ceremony held on Thursday, April 30, 2026, where key stakeholders across Nigeria’s insurance sector gathered to celebrate excellence and service.

The event was attended by the Commissioner for Insurance, veteran industry figures, heads of key insurance-related bodies, chief executive officers of insurance firms, members of the NIA Governing Council, and other distinguished guests.

Welcoming participants, Ahmed expressed delight at the presence of former leaders of the association, noting that the ceremony also served as an opportunity to reflect on the organisation’s long-standing journey and achievements.

He commended past chairmen and council members for their selfless service, highlighting that their leadership came without financial reward but laid a solid groundwork for the association’s continued progress.

According to him, their decisions during challenging periods helped preserve professionalism, integrity, and stability within the industry, thereby strengthening confidence in the Nigerian insurance sector.

Ahmed disclosed that he had continued to seek guidance from some of the association’s past leaders since assuming office, adding that their counsel had influenced key decisions and reinforced his respect for their service.

He also revealed that the Governing Council had approved a proposal to institutionalise the recognition of former leaders, making it a recurring feature of the association’s programmes at intervals yet to be determined.

Reaffirming the association’s role as the unified voice of the insurance industry, Ahmed noted that the NIA has, over the decades, driven professionalism, innovation, and collaboration among stakeholders while contributing to national development.

While acknowledging progress made in the sector, he said there was still room for improvement, stressing the need for continued unity, resilience, and strategic vision to advance the industry further.

He further encouraged past leaders to document their experiences in published works, noting that such records would serve as valuable references for future decision-making and extend their influence beyond the insurance sector.

Ahmed concluded by welcoming guests to the ceremony, describing the event as a celebration of excellence, service, and legacy, while urging stakeholders to build on the foundation laid by industry pioneers.

The ceremony feature 56 awardees including the Commissioner for insurance,National Insurance Commission, NAICOM, Mr. Olusegun Ayo Omosehin.

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