Business

Dec
14
2024
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By Abia ThinkTank
Would Otti’s Pro Business Programs Expand ABIA State’s Economy In 2025/2026? – By Dr. Chukwuemeka Ifegwu Eke

Would Otti’s Pro Business Programs Expand ABIA State’s Economy In 2025/2026? – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Would Otti's Pro Business Programs Expand Abia State's Economy in 2025/2026? Last month, Abia's Governor, Dr Alex Chioma Otti, declared in a private meeting that he has laid out and implemented a series of programs and projects in the three senatorial zones of the state, drawing immediate appreciation from business leaders of those zones. “Most of the programs rolled out would likely prompt pro-poor growth, leading to expanded opportunities for enterprises,” a business man Chidi Umeh in Isiukwuato said. An importer of used fabrics in Aba, Kalu Nwojo, said he’s expanding more patronage come 2025/2026 as he's expecting higher purchasing…
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Dec
12
2024
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By Abia ThinkTank
Abia’s Flight To Progress: The Airport Project That’s Taking Shape – By Ebere Uzoukwa, Ph.D (SSA On Public Affairs To Gov. Otti)

Abia’s Flight To Progress: The Airport Project That’s Taking Shape – By Ebere Uzoukwa, Ph.D (SSA On Public Affairs To Gov. Otti)

Abia State, Business, Columns/Opinions/Letters, Economy
Abia's Flight to Progress: The Airport Project That's Taking Shape Ebere Uzoukwa, Ph.D. Abia State is on the threshold of a transformative journey, courtesy of the airport project that's gaining momentum. The proposed airport, initially approved as an airstrip by the Federal Government, has been upgraded to a full-fledged airport, thanks to Governor Alex Chioma Otti's tireless efforts. This development is a testament to the Governor's vision of opening up Abia for investment flow and socio-economic growth. With the airport, Abia State is poised to become a hub for commerce, industry, and tourism, creating jobs and stimulating economic growth. The…
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Dec
10
2024
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By Abia ThinkTank
Every Moment Is A New Chance: The Socioeconomic Benefits Of New ABIA State Airport Project Engagement

Every Moment Is A New Chance: The Socioeconomic Benefits Of New ABIA State Airport Project Engagement

Abia State, Business, Columns/Opinions/Letters, Good Governance, Politics
Every Moment is a New Chance: The Socioeconomic Benefits of the New Abia State Airport Project Engagement The Federal Government team from the Ministry of Aviation visited Abia State to inspect a proposed site for the airport. The team, led by Dr. Emmanuel Meribeole, Permanent Secretary of the Ministry of Aviation, aimed to ensure the land and location align with regulatory requirements for airport siting. Governor Alex Otti mentioned that the state government had identified a suitable location, and he emphasized the importance of the airport's location, stating that it was crucial for the project's success. The airport project has…
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Dec
09
2024
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By Abia ThinkTank
NAFDAC Begins Enforcement Of Ban On Alcohol In Sachets, PET Bottles; Urged Manufacturers To Comply

NAFDAC Begins Enforcement Of Ban On Alcohol In Sachets, PET Bottles; Urged Manufacturers To Comply

Business, News Flash
NAFDAC Begins Enforcement Of Ban On Alcohol In Sachets, PET Bottles; Urges Manufacturers To Comply Mojisola Adeyeye, director-general of the National Agency for Food and Drug Administration and Control (NAFDAC), has urged manufacturers and distributors to comply with the ban on alcohol in sachets and polyethylene terephthalate (PET) bottles. Speaking during a session at the NAN Forum in Abuja on Sunday, Adeyeye reiterated the ban and the agreement signed by the Distillers and Blenders Association of Nigeria. In 2018, the sale of alcoholic beverages in sachets and PET bottles smaller than 200ml was banned in Nigeria. Manufacturers were subsequently given…
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Dec
07
2024
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By Abia ThinkTank
Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 – National Bureau Of Statistics

Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 – National Bureau Of Statistics

Business, Economy, FGN, News Flash
Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 Nigeria has recorded a trade surplus of N5.81tn in the third quarter of 2024, reflecting a remarkable rise in export earnings, according to the latest data from the National Bureau of Statistics. However, the surplus recorded in Q3 2024 is far lower than the N6.95tn trade surplus recorded in the previous quarter. The NBS in its foreign trade statistics report on Friday noted that Nigeria’s merchandise trade for the Q3 2024 was a total value of N35.16tn, marking an 81.35 per cent increase compared to the same period in 2023 and a…
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Dec
07
2024
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By Abia ThinkTank
NNPC Shuns Local Market, Begins Export Of Petrol From Port Harcourt Refinery To Dubai

NNPC Shuns Local Market, Begins Export Of Petrol From Port Harcourt Refinery To Dubai

Business, Economy, News Flash, Oil & Gas
NNPC Shuns Local Market, Begins Export Of Petrol From Port Harcourt Refinery To Dubai The Nigerian National Petroleum Company (NNPC) has begun the export of petrol from the Port Harcourt Refinery to Dubai, shunning the local market. The Port Harcourt Refinery which began operations in November following rehabilitation shipped its first export of petroleum products to Dubai, with the company expected to load the cargo onboard the Wonder Star MR1 ship in the coming days. The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres. It is understood that the sulfur content of…
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Dec
06
2024
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By Abia ThinkTank
Abia State Government Partners Coscharis Group To Roll Out Electric Vehicles Into The State’s Transport Sector

Abia State Government Partners Coscharis Group To Roll Out Electric Vehicles Into The State’s Transport Sector

Abia State, Business, Good Governance, News Flash, Transportation
ABIA STATE GOVT. PARTNERS COSCHARIS GROUP TO ROLL OUT ELECTRIC VEHICLES INTO THE STATE’S TRANSPORT SECTOR. In a bid to sanitize and modernise its transport sector and introduce an organised logistics system in major cities of Aba, Umuahia, and Ohafia to create a very effective and sustainable transportation system for the State, the Abia State Government has concluded plans to partner with COSCHARIS to roll out Electric Vehicles for Intra City and State transport services. Speaking during a business meeting on Wednesday, December 4th in his Office with the Founder, President, and CEO of COSCHARIS Group Dr. Cosmas Maduka and…
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Dec
05
2024
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By Abia ThinkTank
Abia State Government Assures Cocoa Farmers Of Economic Enhancement And Maximum Profitability

Abia State Government Assures Cocoa Farmers Of Economic Enhancement And Maximum Profitability

Abia State, Agriculture, Business, Good Governance, News Flash
ABIA STATE GOVERNMENT ASSURES COCOA FARMERS OF ECONOMIC ENHANCEMENT AND MAXIMUM PROFITABILITY Abia State Government has assured cocoa farmers in the state of maximum support in the production and sales of cocoa produce in the state. The Deputy Governor of Abia State, Engr Ikechukwu Lekwachi Emetu, FNSE, made this known during a stakeholder meeting in his office at Government House, Umuahia. Emetu stated that the current administration in the state ably led by Dr Alex Chioma Otti, OFR is poised to enhance the cocoa production index of the state by establishing six pilot cocoa estates in the state as captured…
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Dec
02
2024
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By Abia ThinkTank
A TIME TO BELIEVE: Being Gov. Otti’s Speech At The Opening Ceremony Of The 2024 ABA International Trade Fair On 30/11/2024

A TIME TO BELIEVE: Being Gov. Otti’s Speech At The Opening Ceremony Of The 2024 ABA International Trade Fair On 30/11/2024

Abia State, Business, Economy, Good Governance, News Flash
A TIME TO BELIEVE Being the Text of an Address Presented by Governor Alex C. Otti, OFR, at the Opening Ceremony of the 2024 Aba International Trade Fair on Saturday, November 30, 2024, at the Aba Mega Mall. Protocols, We have reached a very important point in the evolution of Aba as a major business destination in Nigeria and across the West African region. What happens in this city, say, in the next decade or less, would depend largely on how we harness the opportunities and access events like this. Beyond the excitement that comes with hosting international programmes of…
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Nov
25
2024
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By Abia ThinkTank
Dangote Refinery Jet Fuel Exported To London, Iceland, Other Global Airports

Dangote Refinery Jet Fuel Exported To London, Iceland, Other Global Airports

Business, Economy, FGN, News Flash, Oil & Gas
Dangote Refinery Jet Fuel Exported To London, Iceland, Other Global Airports The Dangote Refinery has successfully exported its jet fuel to various international destinations, including airports in Iceland, Tenerife, and London. According to a report by SP Global Commodity Insights, the refinery’s Nigerian-made aviation fuel has reached prominent locations such as Heathrow Airport in the UK, as the petrochemical facility continues to scale up production. The report further highlights that between January and October this year, the majority of the refinery’s supply has been delivered to the Lome transshipment hub off Togo. South Korea has also emerged as the largest…
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