Blog - Abia ThinkTank News

Dec

2024

House Of Reps To Present N704.91 Million Half-Year Salary Donation To President Tinubu Dec. 31

Economy, National Assembly, News Flash, Politics

House Of Reps To Present N704.91 Million Half-Year Salary Donation To President Tinubu Dec 31 The House of Representatives on Thursday announced plans to submit the sum of N704.91m for the use of vulnerable Nigerians owing to the economic hardship occasioned by the removal of subsidy from petrol on December 31, 2024, to President Tinubu. Recall that on July 18, the House resolved to slash 50 per cent of their salaries for six months to address the challenges faced by ordinary Nigerians, following the adoption of a motion moved during a plenary session. Addressing his colleagues during Thursday’s plenary, Mr…

Dec

2024

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By Abia ThinkTank

Enye Ndi Ebea: Wike Revokes FCT Lands Of Buhari, Abbas, Akume, Others

Abuja, Infrastructure, Metro, News Flash, Urban Planning/ Lands

Enye Ndi Ebea: Wike Revokes FCT Lands Of Buhari, Abbas, Akume, Others The Minister of the Federal Capital Territory (FCT), Nyesom Wike has revoked lands belonging to former President Muhammed Buhari, the Speaker of the House of Representatives, Tajudeen Abbas; and the Secretary to the Government of the Federation, George Akume. Also, 759 other prominent figures and organisations in Maitama II, Abuja. were also affected by the revocation which was for non-payment of Certificate of Occupancy. This was contained in a publication by the FCT Administration and made available to Channels Television by the Special Adviser to the FCT Minister,…

Dec

2024

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By Abia ThinkTank

The BBC’s Misleading Narrative: A Threat To African Peacekeeping Efforts – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Foreign Affairs, Security

The BBC's Misleading Narrative: A Threat to African Peacekeeping Efforts The recent BBC report on the Kenyan deployment in Haiti has sparked controversy, with many accusing the outlet of bias. The report suggested that the UN must launch a peacekeeping mission in Haiti, implying that the African police force currently deployed in the country is incapable of doing the job. This narrative is not only misleading but also undermines the capabilities of African peacekeeping forces. The situation in Haiti is indeed dire, with a record high of 1,660 people killed and 845 injured in the first three months of the…

Dec

2024

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By Abia ThinkTank

Community Development In Action: Hope Rises In Ohafia LGA – By Dr. Chukwuemeka Ifegwu Eke

Abia North, Abia State, Columns/Opinions/Letters, Ohafia LGA, Politics

Community Development in Action: Hope Rises in Ohafia LGA The road from Akara to Abiriba junction has been a major concern for residents and commuters alike. However, palliative work is currently underway to address the challenges faced by road users. As shown in the video, the contractor, FEROTEX, has made significant progress on the project, with work already completed from Akara to Alayi. The progress made so far is a testament to the commitment of the contractor and the government to improving the road network in the region. However, there is still much work to be done to complete the…

Dec

2024

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From Ransom Payments To Runways: Nigeria’s Air Travel Industry And Insecurity: Is There Hope For ABIA State? – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Good Governance, Security, Transportation

From Ransom Payments to Runways: Nigeria's Air Travel Industry and Insecurity: Is there hope for Abia State? The alarming statistics on ransom payments in kidnapping incidents in Nigeria for 2024 reveal a staggering estimated amount of ₦2.23 trillion paid from January to November. This figure is a stark reminder of the devastating impact of kidnapping on individuals, families, and the economy as a whole. The North West region tops the list with an estimated ₦1.17 trillion, accounting for over 50% of the total ransom payments. A regional breakdown of the statistics shows a clear disparity in the burden of ransom…

Dec

2024

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Nigerian SEC Proposes New Law For Crypto Influencers, Defaulters Face Up To 3 Years Imprisonment

CBN/Commercial Banking, Crime, Economy, Judiciary, News Flash

Nigerian SEC Proposes New Law For Crypto Influencers, Defaulters Face Up To 3 Years In  Jail  The Nigerian Securities and Exchange Commission (SEC) under Emomotimi Agama has proposed a new law aimed at combating the issue of crypto influencers using their influence to promote dubious crypto projects. The new law requires every crypto platform or Virtual Assets Service Provider (VASP) to be registered with a license from the Nigerian SEC before carrying out any promotion on social media, TV, or Print. The law is set to take effect on June 30th, 2025. Crypto influencers must also disclose to their community…

Dec

2024

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Politics Today: Obi Officially Dumps Labour Party

News Flash, Politics

Obi Officially Dumps Labour Party Paschal Obi, a former member of the House of Representatives who represented the Ideato North and South Federal Constituency, has officially left the Labour Party (LP) and rejoined the All Progressives Congress (APC). Obi was warmly welcomed back into the APC fold by the party’s expanded state executives, led by Macdonald Ebere, after formalizing his membership at both the ward and local government levels. In his remarks, Obi expressed that he was motivated to return to the APC due to the significant infrastructural development he attributed to Governor Hope Uzodinma’s leadership in Imo State. He…

Dec

2024

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By Abia ThinkTank

President Tinubu Reconstitutes Leadership Of 12 River Basin Development Authorities (See Full List)

Business, Economy, News Flash, Politics, Presidency

Tinubu Reconstitutes Leadership Of 12 River Basin Devt Authorities (See Full List) President Bola Ahmed Tinubu has approved the reconstitution of the executive management teams for 12 River Basin Development Authorities (RBDAs) under the Federal Ministry of Water Resources, signaling his administration’s commitment to enhancing the efficiency of these critical organizations. The newly appointed executives are expected to leverage their expertise to boost agricultural productivity, manage water resources, and foster rural development in alignment with the administration’s commitment to improving the lives of Nigerians. The new appointments were made public on Wednesday in a statement issued by Special Adviser to…

Dec

2024

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Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-Only Transactions

CBN/Commercial Banking, FGN, National Assembly, News Flash

Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-only Transactions A new bill aimed at banning the use of foreign currencies, including the US Dollar and British Pound Sterling, for domestic transactions in Nigeria has passed its first reading in the Senate. The bill, titled “A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters,” was introduced by Senator Ned Nwoko, Chairman of the Senate Committee on Reparations and Repatriation. The proposed legislation seeks to make the Naira the…

Dec

2024

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Debt Servicing To Gulp N15.8Trn In President Tinubu’s 2025 Budget Proposal

Economy, FGN, News Flash, Politics, Presidency

Debt Servicing To Gulp N15.8Trn As Tinubu Presents 2025 Budget A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in the N47.9 trillion budget presented by the President on Wednesday. The President disclosed this while giving a highlight of the Budget proposal before the National Assembly. He stated that Defence/Security was allocated N4.91 trillion; Infrastructure was allocated N4.06 trillion; Health N2.4 trillion health while Education gets N3.5 trillion. According to the President,…