Abuja - Abia ThinkTank News

Mar

2024

President Tinubu Sign Multi-Sectoral Agreements With Qatar, Set To Receive Their Investment Team

Economy, Abuja, Business, Foreign Affairs, News Flash

President Tinubu Welcomes, Sign Multi-Sectoral Agreements With Qatar; Set To Receive Qatar’s Investment Team In Abuja President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports Before the signing ceremony at the Qatar Presidential Palace, President Tinubu assured his host of Nigeria’s preparedness to welcome investors into the country, noting the ongoing reforms…

Mar

2024

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By Abia ThinkTank

Trader In Abuja Caught Repacking Local Rice Into Foreign Rice Bags

Abuja, Crime, News Flash

Abuja Trader Caught Repackaging Local Rice Into Foreign Rice Bags A 39-year-old trader, identified as Nonso Nwobodo has been arrested by the Nigerian police for repackaging local rice into foreign rice bags to make more profits in Federal Capital Territory, Abuja. The incident happened on Saturday at about 4;15pm at Plot 740 centenary credentials Durumi area of the FCT. A government source said that Nonso was allegedly packing locally made rice to printed foreign bags of rice, to deceive the public to believe that it was foreign rice, adding that 160 bags of different sizes of rice ranging from 5kg…

Mar

2024

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By Abia ThinkTank

‘I Take Full Responsibility For The Nation; We Are Building An Efficient Nigeria That Is Inclusive And Fair To All’ – President Tinubu

Abuja, News Flash, Presidency

STATE HOUSE PRESS RELEASE PRESIDENT TINUBU: I TAKE FULL RESPONSIBILITY FOR THE NATION; WE ARE BUILDING AN EFFICIENT NIGERIA THAT IS INCLUSIVE AND FAIR TO ALL NIGERIANS President Bola Tinubu says his administration is working to ensure that Nigeria is reformed for greater efficiency with a particular emphasis on systematically inculcating fairness and equity in all aspects of the national life. Addressing Afenifere leaders at the residence of Pa Reuben Fasoranti in Akure, Ondo State, on Wednesday, the President emphasized his commitment to leading Nigeria towards economic and social prosperity. ''Nigeria will survive the current economic challenges. There is light…

Feb

2024

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By Abia ThinkTank

Tinubu Sacks Ahmed Kuru, Appoints New AMCON Boss, Others

Abuja, Economy, News Flash

Tinubu Sacks Ahmed Kuru, Appoints New AMCON CEO, Others President Bola Tinubu has dropped Ahmed Lawan Kuru as the Managing Director/ Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), naming Gbenga Alade as his replacement. According to Presidential spokesman, Ajuri Ngelale, Alade’s appointment is to confirmation by the Nigerian Senate. Aside from Alade, the president also appointed the following: “The President expects unflagging dedication, professionalism, and dutifulness from the new appointees so as to ensure that the operations of AMCON are more efficient, transparent, and in consonance with his determination to sanitize the nation’s financial system to…

Feb

2024

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By Abia ThinkTank

No Going Back On My Reforms, Despite Challenges – President Tinubu

Abuja, Economy, FGN, News Flash

Despite Challenges, No Going Back On My Reforms – Tinubu Says President Bola Tinubu says there is no going back on the reforms introduced by his administration. During his inaugural speech on May 29, 2023, the president announced removal of fuel subsidy and also directed the Central Bank of Nigeria (CBN) to collapse the existing exchange rates. Consequently, the apex bank directed Deposit Money Banks to remove the rate cap on the naira at the Investor’s and Exporters’ Window of the foreign exchange market, resulting in free-floating of the national currency against the dollar and other global currencies. The official…

Feb

2024

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By Abia ThinkTank

Senate Passes South East Development Commission Bill

Abuja, National Assembly, News Flash, Politics

Senate Passes South East Development Commission Bill The Senate, on Thursday, passed the Bill seeking the establishment of the South East Development Commission. The commission is to be charged with the responsibility of receiving and managing funds from the Federation Account for the reconstruction and rehabilitation of roads, houses, and other infrastructural damages suffered by the region as a result of the effects of the civil war. The Red Chamber took the decision while considering the bill’s clauses at its Committee of the Whole, chaired by the Senate President, Senator Godswill Akpabio. The House of Representatives, on December 21, 2023,…

Feb

2024

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By Abia ThinkTank

FCTA Seals Orphanage For Trafficking Of 23 Children

Abuja, Crime, News Flash

FCTA seals Abuja orphanage over alleged trafficking of 23 children The Federal Capital Territory Administration (FCTA) has sealed the Priesthood Orphanage in Karon Majigi Village, Abuja, after 23 children between the ages of one and 14 were rescued from the orphanage. The children were believed to have been allegedly trafficked from Plateau. Mrs Adedayo Benjamins-Laniyi, the Mandate Secretary, Women Affairs Secretariat, FCTA, disclosed this while handing over the children to Plateau Commissioner for Women Affairs, Mrs Caroline Dafur, in Abuja on Monday. She said that investigation was ongoing to unravel the facts of the allegation. Benjamins-Laniyi also said that the…

Feb

2024

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Nigeria Ready To Host African Central Bank – President Tinubu

Abuja, News Flash, Politics, Presidency

Nigeria Ready To Host African Central Bank – Tinubu President Bola Tinubu has said that Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty According to Tinubu, this is aimed to prepare the Nigerian youths for 21st century economy. This was contained in a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, and shared on his Facebook page on Saturday. Addressing leaders at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union in Addis Ababa, Ethiopia, on Saturday, Tinubu…

Feb

2024

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Court Orders President Tinubu To Fix Price Of Goods Within Seven Days

Abuja, Economy, News Flash

Court Orders President Tinubu To Fix Price Of Goods Within Seven Days A Federal High Court, sitting at Ikoyi, Lagos on Wednesday, February 7, ordered the federal government led by President Bola Tinubu to fix the prices of goods and petroleum products within seven days. Justice Ambose Lewis-Allagoa granted the order sequel to an originating motion filed and argued by the applicant and human rights activist, Femi Falana SAN. He said: “I have had the applicant Femi Falana in a suit no San,FHC/L/CS/869/2023 and I have also discovered that despite the service of the Originating motion on the respondents namely…

Feb

2024

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By Abia ThinkTank

2023 FAAC Received By State And Their LGA

Abuja, Economy, News Flash

2023 Federal Account Allocation Committee (FAAC) Received By State And Their LGA In 2023, the Federal Account Allocation Committee distributed funds to states and their local government areas, with Delta receiving the highest amount at ₦483.57bn and Gombe receiving the lowest at ₦99.05bn. 1 Delta: ₦483.57bn2 Rivers: ₦426.84bn3 Akwa Ibom: ₦380.1bn4 Lagos: ₦371.39bn5 Bayelsa: ₦268.34bn 6 Kano: ₦261.37bn7 Oyo: ₦207.37bn8 Katsina: ₦191.43bn9 Borno: ₦176.94bn10 Kaduna: ₦170.91bn 11 Jigawa ₦170.74bn12 Benue: ₦161.99bn13 Edo: ₦161.69bn14 Anambra: ₦161.54bn15 Ondo: ₦156.33bn16 Niger: ₦155.62bn17 Imo: ₦152.39bn18 FCT: ₦145.3bn19 Sokoto: ₦146.19bn20 Bauchi: ₦144.98bn 21 Kebbi: ₦143.93bn22 Osun: ₦141.48bn23 Adamawa: ₦139.14bn24 Kogi: ₦136.97bn25 Enugu: ₦133.29bn 26 Abia:…