Stakeholders in the public and private sectors have stressed the need for innovative solutions to Nigeria’s fiscal challenges for sustainable economic growth. This was agreed at a summit organised by Modo Ante in collaboration with the Lagos State government, which brought together policymakers and thought leaders to explore cutting-edge strategies for revenue generation and public service enhancement. Babajide Olusola Sanwo-Olu, Lagos State governor, in his keynote address, emphasised the need for a diversified revenue strategy, beyond traditional taxation. He outlined key areas like optimising state-owned assets and creating new economic opportunities, particularly in real estate, waste management, and technology, which have yet to be fully tapped for revenue generation. Sanwo-Olu also highlighted the importance of collaboration between the public and private sectors through Public-Private Partnerships (PPPs) to create sustainable and innovative revenue solutions. According to him, technology was a critical tool in modern governance, underscoring Lagos State’s commitment to staying ahead of the curve by leveraging digital solutions to manage its rapidly growing urban population and economy. He pointed to initiatives like the Lagos State Unified Revenue Portal, a digital platform that simplifies tax collection and enhances transparency, as prime examples of the state’s tech-driven approach to revenue optimization. Read also: Nigeria’s fiscal strategy: Bridging the gap between optimism and reality Abdul-Kabir Opeyemi Ogungbo, the special adviser to the governor on taxation and revenue, in his presentation on Lagos State’s roadmap for sustainable revenue growth, explained how the state has expanded its tax net and implemented data-driven policies to improve compliance. He also emphasized the importance of innovation and technology in streamlining revenue collection processes and ensuring accountability. “The Lagos model is a template for other states to follow,” he noted, advocating for increased investment in technology and capacity building across Nigeria. Bamijoko Okupe, CEO of Modo Ante and co-convener of the summit, shared the consultancy’s vision for transforming governance and public sector performance. He commended the Lagos State government for its leadership in embracing technology and innovation, stressing that the summit proved the immense potential of public-private collaborations in fostering sustainable development and revenue growth. Okupe outlined Modo Ante’s three-pronged approach to revenue optimisation, which includes harnessing technology for efficiency, developing tailored digital solutions to enhance tax compliance, and fostering transparency through strategic communication campaigns. He emphasised the critical role of data analytics and economic modeling in guiding decision-making and addressing governance challenges. “Data is key to creating actionable insights that drive growth and value for all stakeholders,” he stated.Drug dealer, 25, jailed for three years after advertising the sale of crack cocaine and heroin in a message - then texting it to a police officerSaints hope to ride the Rizzi factor back to relevance after their bye weekJimmy Carter, the 39th US president, has died at 100
NoneThe golf driver I just bought is over 50% off right now — grab a Cobra Aerojet for a steal
GOP senators warned they must ‘step up’ to approve Trump Cabinet picks or face recess appointmentsGeode Capital Management LLC lifted its holdings in AMERISAFE, Inc. ( NASDAQ:AMSF – Free Report ) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 453,539 shares of the insurance provider’s stock after purchasing an additional 6,166 shares during the quarter. Geode Capital Management LLC’s holdings in AMERISAFE were worth $21,924,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado grew its holdings in shares of AMERISAFE by 5.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 315,409 shares of the insurance provider’s stock valued at $13,843,000 after purchasing an additional 15,196 shares in the last quarter. State Street Corp grew its holdings in shares of AMERISAFE by 8.5% in the third quarter. State Street Corp now owns 811,561 shares of the insurance provider’s stock valued at $39,223,000 after purchasing an additional 63,638 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of AMERISAFE by 70.6% in the third quarter. Jane Street Group LLC now owns 41,299 shares of the insurance provider’s stock valued at $1,996,000 after purchasing an additional 17,084 shares in the last quarter. Intech Investment Management LLC bought a new stake in AMERISAFE in the second quarter worth $591,000. Finally, BNP Paribas Financial Markets boosted its stake in AMERISAFE by 6.9% during the third quarter. BNP Paribas Financial Markets now owns 5,882 shares of the insurance provider’s stock worth $284,000 after buying an additional 381 shares during the period. 97.41% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of research analysts have weighed in on AMSF shares. Truist Financial boosted their price objective on shares of AMERISAFE from $48.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. JMP Securities reissued a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research note on Tuesday, October 15th. AMERISAFE Price Performance Shares of NASDAQ AMSF opened at $51.63 on Friday. The company has a market cap of $983.55 million, a P/E ratio of 16.13 and a beta of 0.33. AMERISAFE, Inc. has a 1 year low of $41.97 and a 1 year high of $60.24. The firm has a 50-day simple moving average of $55.60 and a two-hundred day simple moving average of $50.08. AMERISAFE ( NASDAQ:AMSF – Get Free Report ) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $78.70 million during the quarter, compared to the consensus estimate of $75.38 million. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, equities research analysts expect that AMERISAFE, Inc. will post 2.45 EPS for the current year. AMERISAFE Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were paid a $3.37 dividend. The ex-dividend date was Friday, December 6th. This represents a $13.48 annualized dividend and a yield of 26.11%. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37. AMERISAFE’s dividend payout ratio (DPR) is presently 46.25%. AMERISAFE Company Profile ( Free Report ) AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. Further Reading Want to see what other hedge funds are holding AMSF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMERISAFE, Inc. ( NASDAQ:AMSF – Free Report ). Receive News & Ratings for AMERISAFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMERISAFE and related companies with MarketBeat.com's FREE daily email newsletter .
How Is The Market Feeling About Trane Technologies?
