Press Release
Nigerian Government Agency NDDC Signs Performance Bond To Facilitate Regional Master Plan
The Niger Delta Development Commission, NDDC, an agency established with the sole mandate of developing the oil-rich Niger Delta region of Nigeria said it has signed a Performance Bond with the Ministry of Niger Delta Development as part of its commitment to achieving the objectives of Nigeria President Bola Tinubu administration’s Renewed Hope Agenda.
The Director, Corporate Affairs of the agency, Pius Ughakpoteni in a press statement, said the Minister of the Niger Delta Development, Engr. Abubakar Momoh, supervised the signing ceremony during a two-day NDDC Board and Management Retreat at the Four Points by Sheraton Hotel, Ikot Ekpene, Akwa Ibom State, the Southern part of Nigeria.
From left to right: the Minister of Niger Delta Development, Engr. Abubakar Momoh; the Chairman NDDC Board, Mr. Chiedu Ebie, signing the Performance Bond at the center; and the Permanent Secretary, Dr. Shuaib Belgore, are pictured during the Two-Day Board and Management Retreat of the Niger Delta Development Commission, held at Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State.
The statement said the Chairman of the NDDC Governing Board, Mr. Chiedu Ebie, the Managing Director, Dr Samuel Ogbuku and the Executive Directors signed on behalf of the agency.
According to the statement; the Minister mandated the NDDC to review and update the Niger Delta Regional Developmental Master Plan, noting that it was a crucial framework for guiding and implementing development initiatives in the Niger Delta, as there can be no sustainable development without developmental plans.
Momoh challenged the NDDC Board and Management to change the narrative around the Commission, stating that President Tinubu’s administration had established a template to measure performance of all agencies of government.
He said that the performance bond signed by the NDDC Board and Management had deliverables that were associated with the eight presidential priorities of the Federal Government.
The Minister charged the Board to focus on completing ongoing projects across the nine states of the Niger Delta region. He also urged the Board to offset the Commission’s debt to its contractors, especially the local contractors, whose bills were less than 30 million naira.
The statement noted that a communique was issued at the end of the NDDC Board and Management Retreat and that the communique underlined the need for strategic communication of the value added by the NDDC to its stakeholders, to change the negative perception about the Commission.
The Communique reads in parts:
The frequent changes in the Governing Board of the Commission have largely accounted for the challenges in project execution and delivery in the development of the region. Thus, the Federal Government should ensure that the current Board completes its tenure and that there is continuity in succeeding Boards to ensure sustainability of the Commission’s projects.”
“From the presentations, group discussions at the conference, it was agreed that there should be “proper synergy, collaboration and coordinating framework between the Ministry of Niger Delta Development, State Governments in the regions, the NDDC and development partners.
The communique stated further: “Procurement is at the heart of governance and one of the government activities most vulnerable to corruption. Therefore, the Board and Management of the NDDC must effectively discharge their responsibility to manage the Procurement process involving all stakeholders, without sacrificing the core objectives as provided under the Procurement Act.
The participants stressed the need for the urgent release of all outstanding statutory contributions of the Federal Government to the NDDC fund, as the non-release of these funds has significantly hampered the ability of the Commission to deliver on its mandate.
They observed that the peculiar construction window of the Niger Delta region made it imperative for the NDDC to get some form of financial autonomy outside the Treasury Single Account (TSA) regime. This is as part of the process of getting the Commission take advantage of traditional credit sources in completing its projects and deliver real impact and sustainable development to the long-suffering people of the region.
It was further resolved that the Commission should establish clear, measurable, achievable, relevant and time bound (SMART) goals that the Commission will demonstrably commit to and deliver upon, fostering increased public trust, adding: “There is need for the development of key governance policies and procedures to promote clarity of roles and minimize discord on the Board, as well as defined reporting framework covering key stakeholders and transparency.”
Source: https://www.nddc.gov.ng/newsdetails.aspx?nid=1355
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Press Release
The Decadal Plan of LEEDXS: Establishing a Global Digital Finance Ecosystem for Long-Term Sustainable Development
LEEDXS, a leading global digital asset trading platform, has recently unveiled its strategic plan for the next decade, aiming to promote the long-term sustainable development of the platform through global market expansion and technological innovation, while establishing a robust and inclusive digital finance ecosystem.
Over the next ten years, LEEDXS will focus on further expanding its market presence worldwide, particularly in emerging markets. The platform plans to continue obtaining compliance licenses in various regions to ensure its legal operations in more markets. LEEDXS will closely collaborate with financial institutions and regulatory bodies in each country to ensure that its services comply with local financial regulations. By gradually entering emerging markets around the world, LEEDXS aims to sustain its user base growth and maintain its leading position within the global digital finance ecosystem.
CEO Jacob Mark stated, “The expansion of global markets and localization strategies are at the heart of our ten-year strategic plan. Through close cooperation with local regulatory agencies and financial institutions, we believe that LEEDXS can establish a secure and transparent digital finance ecosystem on a global scale.”
On the technological front, LEEDXS will continue to drive innovation by integrating advanced distributed ledger technology, quantum encryption, and AI-driven trading analysis tools, further enhancing the security, transparency, and trading efficiency of the platform. The technological innovation strategy of LEEDXS will not only enhance existing trading functionalities but also focus on building a diversified digital finance ecosystem, offering users more flexible asset management and trading options.
LEEDXS is committed to promoting sustainable development and plans to widely adopt green blockchain technology over the next decade. Additionally, LEEDXS will actively participate in global environmental initiatives, promoting a deep integration of the green economy and blockchain technology. The platform will focus on creating a more sustainable financial ecosystem, providing globally conscious financial solutions. Through these initiatives, LEEDXS aims to be more than just a digital asset trading platform; it seeks to be a key driver of global green finance development.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
LEEDXS, a premier global cryptocurrency trading platform, has recently announced the launch of a new strategic initiative aimed at bolstering fintech innovation in Asia and promoting the sharing of digital technologies worldwide. Through this initiative, LEEDXS seeks to further support the development of digital finance in the Asian region while sharing its advanced technological achievements with global markets, fostering collaborative advancements in fintech innovation.
As a critical engine of global technological innovation, Asia has seen a surge of digital enterprises and technological breakthroughs in recent years. Recognizing the pivotal role of the Asian market in driving the future of fintech, LEEDXS has committed to actively participating in this process through resource support, technological collaboration, and global sharing.
The LEEDXS platform will collaborate with blockchain enterprises in Asia to jointly advance research and development in blockchain, artificial intelligence, and fintech. LEEDXS will provide technical support, funding assistance, and marketing resources to accelerate the development and commercialization of innovative products. This model not only promotes technological innovation in the Asian region but also integrates the latest technological advancements into the platform, enhancing its competitiveness.
LEEDXS plans to host a series of global technology-sharing summits and seminars, inviting technology experts from around the world to discuss and share the latest technological achievements and market insights. These events will not only create opportunities for global technological cooperation but also establish a broad international collaboration network for LEEDXS.
Jacob Mark, CEO of LEEDXS, stated, “The strategic plan of LEEDXS extends beyond merely supporting technological innovation in Asia and facilitating global technology sharing; it is also a crucial part of our long-term strategy for technological innovation. In the future, LEEDXS will continue to increase investments and support for emerging technologies, helping global tech companies achieve greater breakthroughs in innovation.”
Through its global network, LEEDXS will promote the latest technologies and innovations to users worldwide, elevating the overall technological landscape of the global market. This long-term strategy not only solidifies the leading position of LEEDXS in the global market but also brings greater value to users around the world.
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Press Release
Xpad.pro Announces $XPP Token Listing on October 23: A New Era for Startup Investments
Xpad.pro is an innovative platform for investing in early-stage startups. Built on the Xpad Protocol, the platform serves as an auditor, escrow service, and regulator, providing access to verified projects, making investments safer and more transparent.
Why Investors Choose Xpad.pro
Transparency and Security — Key Principles
XpadPro emphasizes security and transparency. By utilizing smart contracts and a thoughtful startup evaluation system, the platform ensures that only verified projects gain access to investor funds. This approach creates a secure investment environment, eliminating the risks of fund misappropriation.
Escrow System
The escrow system is an integral part of ensuring security on XpadPro. It works similarly to escrow services that are popular on P2P exchanges like Binance or Bybit, where investor funds are held in a neutral account until all conditions of the deal are met. At XpadPro, this mechanism is applied to startup investments: funds remain locked until the project reaches key development milestones. This approach prevents the misuse of investments, ensuring that the entire process is transparent and automated.
Limited Supply and Deflationary Model
The XPP token has a capped supply and supports regular token burns, contributing to its stable growth and positive market dynamics.
Bixplorer: A Case of XpadPro’s Effectiveness
After the XpadPro listing, the first startup, Bixplorer, will launch, providing investors with immediate access to the project and the opportunity to start trading under favorable conditions. This example illustrates how XpadPro operates: investors using XPP tokens receive a 50% discount on purchasing BXE tokens, which immediately makes their investments more advantageous.
Future Plans
Looking ahead, XpadPro aims to expand its partner network and enhance its platform features. By collaborating with industry-leading partners such as SolidProof, Poolz Finance, and Titans Ventures, XpadPro will strengthen its auditing, marketing, and listing processes. Additionally, the team is committed to further improving user experience by integrating advanced analytics tools and expanding its referral programs, ensuring that both investors and partners benefit from a thriving ecosystem.
Join Xpad.pro Today
Join XpadPro today and become part of a revolutionary approach to venture investing. The $XPP presale is still open, offering you the chance to be part of this innovative ecosystem before the official listing on October 23. Don’t miss out: join the presale now: https://xpad.pro/privatesale
For more detailed information, visit the official Xpad.pro website and follow our official channels: https://linkfork.io/xpadpro
Contact Details:
Name: Iuliia
email: feedback@xpad.pro
company: XpadPro
location: Indonesian
address: Denpasar
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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LEEDXS Fuels Fintech Innovation in Asia, Promoting Global Technology Sharing
Xpad.pro Announces $XPP Token Listing on October 23: A New Era for Startup Investments
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