Business

Mar
21
2025
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By Abia ThinkTank
Gov. Otti Invites Sinoma Company To Establish Its Factory In ABIA, Says ABIA State Is Willing To Partner With Investors

Gov. Otti Invites Sinoma Company To Establish Its Factory In ABIA, Says ABIA State Is Willing To Partner With Investors

Abia State, Business, Economy, Good Governance
GOV. OTTI INVITES SINOMA COMPANY TO ESTABLISH ITS FACTORY IN ABIA, SAYS ABIA STATE IS WILLING TO PARTNER WITH INVESTORS. Abia State Governor, Dr. Alex Otti has invited the SINOMA Materials Company Nigeria Limited to establish its factory in Abia State saying that the State will be happy to partner the company in that regard. Governor Otti was speaking during a business meeting he held with a delegation from Sinoma Materials Company Nigeria Limited led by its Chairman, Mr. Zhang Hui. He said that the presence of SINOMA Materials Company Nigeria Limited in Abia State would create job to the…
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Mar
20
2025
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By Abia ThinkTank
Gov. Otti Receives A Delegation From The Kingdom Of The Netherlands, Explores Areas Of Partnership, As Kaltani Company Seals Waste Management Deal

Gov. Otti Receives A Delegation From The Kingdom Of The Netherlands, Explores Areas Of Partnership, As Kaltani Company Seals Waste Management Deal

Abia State, Business, Economy, News Flash
GOV. OTTI RECEIVES A DELEGATION FROM THE KINGDOM OF THE NETHERLANDS, EXPLORES AREAS OF PARTNERSHIP, AS KALTANI COMPANY SEALS WASTE MANAGEMENT DEAL. Abia State Governor, Dr. Alex Otti on Wednesday, 19th March received a delegation from the Kingdom of the Netherlands in Nigeria led by the Deputy Consul-General, Mr. Peter Keulers who were in the State on a scoping mission alongside the Kaltani Company led by its Managing Director and Chief Executive Officer, Engr. Obi Charles Nnanna, who are due to commence the project of turning waste into wealth in the State after the execution of an MoU with Abia…
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Mar
15
2025
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By Abia ThinkTank
Dangote Refinery Cuts Petrol Price To N815/Litre, Intensifying Price War

Dangote Refinery Cuts Petrol Price To N815/Litre, Intensifying Price War

Economy, Business, News Flash, Oil & Gas
Dangote Refinery Cuts Petrol Price to N815/Litre, Shaking Up Market Dangote Petroleum Refinery on Thursday reduced its petrol loading cost from N825 per litre to N815 per litre, further intensifying the pricing war in the downstream sector. Reports indicate that marketers are taking advantage of the N10 reduction by sourcing petrol directly from the refinery instead of relying on depot owners, who may be forced to lower their prices. The landing cost of imported petrol currently stands at N774.72 per litre, factoring in shipping, import duties, and exchange rates. This lower cost had prompted some retail marketers to turn to…
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Mar
07
2025
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By Abia ThinkTank
Abia State’s Prosperity: A Cyclone Of Growth Gathering Momentum – By Dr. Chukwuemeka Ifegwu Eke

Abia State’s Prosperity: A Cyclone Of Growth Gathering Momentum – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Economy, Good Governance
Abia State’s Prosperity: A Cyclone of Growth Gathering Momentum IntroductionMuch like a cyclone developing over warm ocean waters, Abia State in southeastern Nigeria is harnessing latent energy across sectors to fuel a storm of economic and social transformation. Cyclones begin as mere disturbances, gradually organizing into powerful systems. Similarly, Abia’s prosperity is brewing through strategic reforms, investments, and innovation—culminating into a force poised to reshape its future. 1. Governance: The Tropical DisturbanceEvery cyclone starts with a disturbance. For Abia, this began with governance reforms. Under Governor Alex Otti’s administration, the state prioritized transparency and infrastructure. In 2023, 35% of Abia’s…
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Mar
06
2025
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By Abia ThinkTank
Vietnamese Ambassador To Nigeria Holds Meeting With Chambers Of Commerce In ABIA State

Vietnamese Ambassador To Nigeria Holds Meeting With Chambers Of Commerce In ABIA State

Abia State, Business, Good Governance, News Flash
VIETNAMESE AMBASSADOR TO NIGERIA HOLDS MEETING WITH CHAMBERS OF COMMERCE IN ABIA STATE In pursuance of a collaboration between Abia State Government and the Socialist Republic of Vietnam, the Vietnamese Ambassador to Nigeria, His Excellency, Mr. Bui Quoc Hung has held meetings with the business communities in Abia State. Speaking at the different business meetings with the Umuahia and Aba Chamber of Commerce, Industry, Mines and Agriculture, the Vietnamese Ambassador to Nigeria, Mr Bui Quoc Hung said that Vietnam and Nigeria have many things in common. Mr. Hung said that he engaged the business community in order to identify areas…
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Feb
28
2025
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By Abia ThinkTank
Empowering Abia’s Youth Economy: A Blueprint To Rival Singapore’s Success – By Dr. Chukwuemeka Ifegwu Eke

Empowering Abia’s Youth Economy: A Blueprint To Rival Singapore’s Success – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Business, Columns/Opinions/Letters, Good Governance
Empowering Abia’s Youth Economy: A Blueprint to Rival Singapore’s Success *Introduction: Learning from Singapore’s Playbook*Singapore, a nation with no natural resources, transformed itself into a $466 billion economy (2023 GDP) by prioritizing innovation, education, and governance. Similarly, Abia State—home to 4.167 million people, 70% of whom are under 30—can leverage its youthful population to drive a Singapore-style revolution. Governor Alex Otti’s recent pledge to invest 15% of the state’s ₦567 billion budget (2024) in youth empowerment signals readiness. With Nigeria’s youth unemployment rate at 19.7% (NBS, 2023) and Abia’s even higher at 34%, this blueprint offers a data-driven roadmap to…
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Feb
28
2025
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By Abia ThinkTank
Gov. Otti Setting Up Export Growth Lab In ABA, Seeks Greater Partnership With UNDP

Gov. Otti Setting Up Export Growth Lab In ABA, Seeks Greater Partnership With UNDP

Abia State, Business, Economy, Good Governance, News Flash
GOV. OTTI  PLANS TO SET UP EXPORT GROWTH LAB IN ABA, SEEKS GREATER PARTNERSHIP WITH UNDP. In a bid to create a more functional economy in the State, Abia State Governor, Dr.  Alex Otti is planning to set up an export growth lab in Aba the commercial nerve centre of the South East. Governor Otti disclosed this on thursday while receiving in audience the Resident Representative of the United Nations Development Programme (UNDP). He expressed the hope that there is a lot Abia State Government can do together with the UNDP. "We believe that there is a whole lot we…
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Feb
28
2025
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By Abia ThinkTank
There Is No Better Place For Investment Than ABIA, Gov. Otti Tells German Consul General

There Is No Better Place For Investment Than ABIA, Gov. Otti Tells German Consul General

Abia State, Business, Economy, Good Governance, News Flash
THERE IS NO BETTER PLACE FOR INVESTMENT THAN ABIA, GOV. OTTI TELLS GERMANY CONSUL GENERAL. Abia State Governor, Dr. Alex Otti says that there is no better place to invest than Abia as the State has what it takes to partner investors and drive the State's economy. Governor Otti stated this on thursday while receiving in audience the Consul General of Republic of Germany to Nigeria, Mr. Weert Borner. He said that there is a lot of opportunities in Abia yearning for partnership with credible organisations. The Governor said that the time is ripe for investors to explore opportunities in…
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Feb
27
2025
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By Abia ThinkTank
FGN Urges Cement Price Reduction Amid Economic Recovery, Proposes New Price

FGN Urges Cement Price Reduction Amid Economic Recovery, Proposes New Price

Business, Economy, FGN
FG Urges Cement Price Reduction Amid Economic Recovery, Proposed New Price The Federal Government has urged cement manufacturers to lower prices to N7,000, citing improved economic conditions. This call was made by the Minister of Works, Sen. Engr. Nweze David Umahi, during a meeting at the Ministry’s headquarters in Abuja on February 26, 2025, according to a statement on the ministry’s website. Umahi noted that the naira has stabilized at about N1,400 per dollar, and petrol prices have dropped, creating a conducive environment for reduced cement costs. He criticized the current price of N9,500, pointing out that manufacturers increased prices…
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Feb
27
2025
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By Abia ThinkTank
First Made-In-Nigeria Helicopter Arriving Soon

First Made-In-Nigeria Helicopter Arriving Soon

Business, Economy, Manufacturing, News Flash
First Made-in-Nigeria helicopter Arriving soon The National Agency for Science and Engineering Infrastructure (NASENI) has said the engineering work on the first Made-in-Nigeria helicopter is nearing completion. The agency promised that it would soon fly the Nigerian chopper. The Project Manager of NASENI’s Aeronautics and Air Vehicle Development Institute in Kaduna, Kareem Aduagba, announced this yesterday during a Focus Group Engagement organised by the agency. The focus group engagement, which was attended by inventors and manufacturers from the academia and private sectors in Kaduna, was meant to promote local manufacturing, innovation, and the adoption of Made-in-Nigeria products. The forum brought…
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