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Jan
18
2025
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By Abia ThinkTank
FG, States, LGAs Share N1.424 Trillion December 2024 FAAC Revenue

FG, States, LGAs Share N1.424 Trillion December 2024 FAAC Revenue

Abuja, Economy, FGN, News Flash
FG, States, LGAs Share ₦1.424 Trillion December 2024 FAAC Revenue A total sum of ₦1.424 trillion, being December 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The Director of Press and Public Relations, Office of the Accountant General of the Federation (OAGF), Bawa Mokwa, disclosed this in a statement on Friday. The ₦1.424 trillion total distributable revenue comprised distributable statutory revenue of ₦386.124 billion, distributable Value Added Tax (VAT) revenue of ₦604.872 billion, Electronic Money…
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Jan
18
2025
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By Abia ThinkTank
Romania And Bulgaria Join Schengen Area And Mali, Burkina Faso And Niger Pull Out Of Ecowas: Matters Arising – By Dr. Chukwuemeka Ifegwu Eke

Romania And Bulgaria Join Schengen Area And Mali, Burkina Faso And Niger Pull Out Of Ecowas: Matters Arising – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Foreign Affairs, Human Rights, World News
Romania and Bulgaria join Schengen area and Mali, Burkina Faso and Niger pull out of ECOWAS: Matters Arising Romania and Bulgaria's accession to the Schengen area is a significant development in European politics. As of January 2025, these two countries have officially joined the Schengen zone, allowing for passport-free travel between member states.¹ This move is expected to boost travel, trade, and tourism, strengthening the internal market. The Schengen area, which comprises 29 European countries, guarantees free movement to close to 450 million EU citizens, along with non-EU nationals living in the EU or visiting the EU. With Romania and…
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Jan
18
2025
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By Abia ThinkTank
Another Transformative Opportunity As Abia State Hosts A Refinery… – By Dr. Chukwuemeka Ifegwu Eke

Another Transformative Opportunity As Abia State Hosts A Refinery… – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Oil & Gas
Abia State hosts a refinery… The prospect of Abia State hosting a refinery presents a transformative opportunity for the region, poised to catapult the state into a hub of industrial activity and economic growth. With the potential to generate significant revenue, create thousands of jobs, and stimulate local economic development, a refinery in Abia State could be a game-changer for the local economy, positioning the state as a key player in Nigeria's oil and gas industry. Economic BenefitsHosting a refinery in Abia State could have a significant impact on the state's economy. According to a study by the Nigerian National…
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Jan
17
2025
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By Abia ThinkTank
LGs Will Receive Direct Allocations From January – Presidency Affirms

LGs Will Receive Direct Allocations From January – Presidency Affirms

News Flash, Presidency
LGs Will Receive Direct Allocations From January – Presidency Affirms The Presidency has confirmed that from the end of January, local government areas in the country will receive their money directly from the Federal Allocation Account Committee. The Special Adviser to the President on Media and Public Communications, Sunday Dare, disclosed this in an interview on Arise News on Thursday night, saying President Bola Tinubu would ensure the local government autonomy. On July 11, 2024, the Supreme Court, in a unanimous judgment read by Justice Emmanuel Agbim, said “The state’s retention of the local government funds is unconstitutional. “Demands of…
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Jan
17
2025
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By Abia ThinkTank
Pastor Kumuyi Joins Global Leaders At Trump’s Inauguration, Champions Christian Unity

Pastor Kumuyi Joins Global Leaders At Trump’s Inauguration, Champions Christian Unity

Foreign Affairs, International, News Flash, Personality, Religion
Pastor Kumuyi Joins Global Leaders At Trump’s Inauguration, Champions Christian Unity As Washington, D.C. prepares for President Donald Trump’s second inauguration on January 20, Pastor William Kumuyi, one of Christianity’s most influential leaders, will be in attendance. This was revealed in a statement by A. Larry Ross Communications, a U.S.-based communications outfit. The founder and General Superintendent of Deeper Christian Life Ministry (DCLM), Kumuyi leads one of the world’s largest churches based in Lagos, Nigeria, and is renowned for his impactful teachings and global evangelistic reach. Kumuyi’s presence highlights the significance of religious freedom and Christian unity at a time…
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Jan
17
2025
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By Abia ThinkTank
EFCC To Arraign Oba Otudeko, Former First Bank MD Onasanya On Monday For N12.3 Billion Alleged Fraud

EFCC To Arraign Oba Otudeko, Former First Bank MD Onasanya On Monday For N12.3 Billion Alleged Fraud

Crime, CBN/Commercial Banking, News Flash
EFCC To Arraign Oba Otudeko, Former First Bank MD Onasanya On Monday For N12.3 Billion Alleged Fraud The Federal High Court in Lagos has fixed Monday, January 20, 2025, for the Economic and Financial Crimes Commission (EFCC) to arraign the Chairman of Honeywell Group, Chief Oba Otudeko and a former First Bank Managing Director, Stephen Olabisi Onasanya, for allegedly looting N12.3billion from First Bank. Otudeko – former Chairman of First Bank of Nigeria (FBN) Holdings – and Onasanya are to be arraigned alongside a former board member of Honeywell Soji Akintayo and a firm, Anchorage Leisure Limited connected to Otudeko.…
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Jan
17
2025
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By Abia ThinkTank
Jubilation As Israel, Hamas ‘Reach Ceasefire Deal’ To End 15 Months Gaza War

Jubilation As Israel, Hamas ‘Reach Ceasefire Deal’ To End 15 Months Gaza War

Foreign Affairs, International, News Flash, War, World News
Jubilation As Israel, Hamas ‘Reach Ceasefire Deal’ To End 15 Months Gaza War AttNews yesterday through it's Contributing Editor Dr. Chukwuemeka Ifegwu Eke reported that Israel and Hamas have agreed to a ceasefire deal to end the 15 months of war in Gaza. Quoting sources, the BBC said the deal follows months of talks with Qatar being one of the key mediators. Two days ago, an official familiar with the negotiations said mediators gave Israel and Hamas a final draft of a deal on Monday to end the war in Gaza. The official said the “breakthrough” was reached after midnight.…
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Jan
17
2025
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By Abia ThinkTank
Otti Advocates Multi-Faceted Approach In Combating Drug Abuse, Assures Support For NDLEA

Otti Advocates Multi-Faceted Approach In Combating Drug Abuse, Assures Support For NDLEA

Abia State, Crime, Good Governance, News Flash
OTTI ADVOCATES MULTI-FACETED APPROACH IN COMBATING DRUG ABUSE, ASSURES SUPPORT FOR NDLEA. Abia State Governor, Dr. Alex Otti has advocated a multi-faceted approach with intelligence-driven strategies in combating the menace of drug abuse in Nigeria. Governor Otti was speaking on Thursday 16th January, when he received in audience, a delegation of the new State Commander, National Drug Law Enforcement Agency in the State, Nnadi Wilfred. He noted the evolving nature of drug menace and its impacts on criminal activities. The Governor also underscored the need for collaborative efforts between Government and Security Agencies in combating all forms of crime and…
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Jan
17
2025
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By Abia ThinkTank
You Are A Champion Of The Disabilities Community In Nigeria, Gufwan Tells Gov. Otti As He Approves Facility For Their Zonal Office

You Are A Champion Of The Disabilities Community In Nigeria, Gufwan Tells Gov. Otti As He Approves Facility For Their Zonal Office

Abia State, Good Governance, Hospitality, News Flash
YOU ARE A CHAMPION OF THE DISABILITIES COMMUNITY IN NIGERIA, GUFWAN TELLS GOV. OTTI AS OTTI APPROVES FACILITY FOR ZONAL OFFICE. The Executive Secretary and Chief Executive Officer of the National Commission For Persons Living with Disabilities, Hon. Ayuba Gufwan, says that Governor Alex Otti is the champion of the disabilities community in Nigeria. Hon. Ayuba Gufwan was speaking on behalf of his colleagues when they paid a working visit to Governor Alex Otti in the State. He commended the Governor for his friendly disposition toward persons living with disabilities and appreciated the fact that the Governor established a commission…
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Jan
17
2025
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By Abia ThinkTank
The Power Of Small: How South-Easterners’ Cottage Industries Are Driving Innovation And Sustainability Worldwide – By Dr. Chukwuemeka Ifegwu Eke

The Power Of Small: How South-Easterners’ Cottage Industries Are Driving Innovation And Sustainability Worldwide – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Manufacturing, South East
The power of small: How Southeasterners' Cottage Industries are driving Innovation and Sustainability worldwide The split-screen image above represents a big box factory on one side and a cottage industry on the other. The big box factory is depicted as a large, industrial building with smokestacks and a complex network of pipes and machinery. In contrast, the cottage industry is shown as a small, cozy workshop with a few workers busy producing the same product as the big box factory. The image highlights the contrast between the two approaches to production, with the big box factory representing large-scale industrial production…
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