Economy

Ikenna Ukwa Commences Distribution Of Fertilizers To Women In Ohafia

Ikenna Ukwa Commences Distribution Of Fertilizers To Women In Ohafia

IKENNA UKWA COMMENCES DISTRIBUTION OF FERTILIZERS TO WOMEN IN OHAFIA The Senior Legislative Aide to the Senate President of Nigeria, Hon. (Dr) Ikenna Nicolas Ukwa , has commenced the fertilizer distribution program for women in Ohafia. This effort, according to Hon Ikenna Nicolas Ukwa is to boost food production and support local farmers, particularly women, in the community. Yesterday, Sunday 11th May 2025, his team was in Okagwe Ohafia where the women received bags of fertilizer. In order to ensure equitable distribution of the fertilizers, the women in Nkporo, Abam and Nkwebi will take their turn today. Chief Ikenna Ukwa,…
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Again, Dangote Refinery Slashes Petrol Price

Again, Dangote Refinery Slashes Petrol Price

Again, Dangote Refinery Slashes Petrol Price Dangote Petroleum Refinery has slashed the gantry price Premium Motor Spirit, PMS, also known as petrol to ₦825 per litre from N835 per litre as competition continues in the domestic market. Last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre. Checks by Vanguard indicated that the latest adjustment is targeted at giving customers more value as well as consolidate its leadership position in the domestic market. AttNews reported that an economist and energy sector analyst Kelvin Emmanuel stated that the Dangote…
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Transforming Remittances Into Prosperity: Governor Otti’s Strategic Approach – By Dr. Chukwuemeka Ifegwu Eke

Transforming Remittances Into Prosperity: Governor Otti’s Strategic Approach – By Dr. Chukwuemeka Ifegwu Eke

Transforming Remittances into Prosperity: Governor Otti's Strategic Approach Governor Alex Otti's administration in Abia State has demonstrated a proactive approach to leveraging diaspora remittances and mitigating the challenges posed by the "Japa" wave, despite the structural limitations of limited federal institutional presence in the Southeast. While specific initiatives targeting remittance conversion rates are not exhaustively documented, Otti’s broader economic policies align strategically with optimizing the socioeconomic impact of diaspora inflows. Below is an analysis of his efforts, supported by available data and contextual insights: 1. Infrastructure Development to Attract InvestmentsGovernor Otti has prioritized infrastructure modernization as a cornerstone for economic…
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Governor Otti’s Healthcare Revolution And Vision For ABIA Medical City – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Governor Otti’s Healthcare Revolution And Vision For ABIA Medical City – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Governor Otti's Healthcare Revolution and Vision for Abia Medical City Ebere Uzoukwa, Ph.D The unveiling of the Abia Medical City project marks a significant milestone in Governor Alex Otti's administration, showcasing his commitment to transforming the healthcare landscape in Abia State. With a projected cost of $1.3 billion, this private sector-driven initiative promises to revolutionize healthcare delivery, medical education, and tourism in the region. The project is entirely funded by private investors, with the state providing land, support, and coordination. This partnership model underscores the government's commitment to leveraging private sector expertise and resources to drive development. According to Governor…
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Financial Inclusion: FGN Moves To Accelerate Cash Transfers To 15 Million Households

Financial Inclusion: FGN Moves To Accelerate Cash Transfers To 15 Million Households

Financial Inclusion: FG Moves To Accelerate Cash Transfers To 15 Million Households The federal government has commenced the implementation phase of its economic and financial inclusion strategy, which aims to improve access to economic opportunities for Nigerians. To this end, the government has established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households. Speaking yesterday, at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI), Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hadejia, explained…
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Gov. Otti Calls For Attention To New Energy Order, Vows To Partner FGN To Deliver Needed Dividends Of Democracy

Gov. Otti Calls For Attention To New Energy Order, Vows To Partner FGN To Deliver Needed Dividends Of Democracy

GOV. OTTI CALLS FOR ATTENTION TO NEW ENERGY ORDER, VOWS TO PARTNER FG TO DELIVER NEEDED DIVIDENDS OF DEMOCRACY. Abia State Governor, Dr. Alex Otti has called on stakeholders in the extractive industry to pay attention to the new ecosystem with respect to the business of exploration of mineral resources. Governor Otti made the call while declaring open, a two - day National Stakeholders' Retreat and Board Meeting of Nigerian Extractive Industries Transparency Initiative (NEITI) holding in Umuahia with the theme, "Impacts of Energy Transition on Nigeria Economy ". The Governor, who titled his speech, "Prosperity Through Transparency" stressed the…
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Nigeria Clears All N2.59 Trillion IMF Debt, Signal New Economic Reform

Nigeria Clears All N2.59 Trillion IMF Debt, Signal New Economic Reform

Nigeria Clears All N2.59 Trillion IMF Debt, Signal New Economic Reform Nigeria government under President Bola Tinubu has fully repaid its $1.61bn (N2.59trn as of May 6, 2025) debt obligation to the International Monetary Fund (IMF). A check through the IMF’s website by our correspondent revealed that Nigeria has been removed among list of countries owning the international financial agency. Check here A data obtained popular data company, StatiSense showed that Nigeria paid off the debt in gradual from $1.61 billion in July 28, 2023 to $1.37 billion in January 5, 2024 to $933.03 million in July 10, 2024 to…
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Their Biggest Nightmare Is Our Beacon Of Reform And Abia’s Path To Renaissance – By Dr. Chukwuemeka Ifegwu Eke

Their Biggest Nightmare Is Our Beacon Of Reform And Abia’s Path To Renaissance – By Dr. Chukwuemeka Ifegwu Eke

Their Biggest Nightmare is our Beacon of Reform and Abia’s Path to Renaissance In the political landscape of Abia State, Governor Alex Chioma Otti OFR has emerged as a transformative force, dismantling entrenched systems of governance that prioritized personal gain over public good. His historic victory in the 2023 gubernatorial election marked a seismic shift, ending the reign of what many have termed a “mega-plundering machine”—a reference to the alleged decades of mismanagement and graft under previous administrations. Otti’s ascent, rooted in transparency and accountability, has not only rekindled hope but also positioned him as the nemesis of political factions…
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NEITI Salutes Gov. Otti’s Leadership Style, Says, His Policies Align With Values NEITI Represents

NEITI Salutes Gov. Otti’s Leadership Style, Says, His Policies Align With Values NEITI Represents

NEITI SALUTES GOV. OTTI'S LEADERSHIP STYLE, SAYS, HIS POLICIES ALIGN WITH VALUES NEITI REPRESENTS. The Nigerian Extractive Industries Transparency Initiative (NEITI) has saluted Governor Alex Otti's leadership style and said that his policies align with the values NEITI represents. The Alternate Chairman of the NEITI Board, Ambassador Sunday Adoli, was speaking when he led a delegation of the board and management of the Nigerian Extractive Industries Transparency Initiative to pay courtesy call on the Governor ahead of the national retreat of the institution holding in Abia State. Ambassador Adoli, who doubles as the representative of the North-Central region at the…
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Inflation, Exchange Rates, Fuel Prices, & GDP In ABIA State: A Comparative Analysis Of Otti & Ikpeazu Administrations – By Chukwuemeka Ifegwu Eke

Inflation, Exchange Rates, Fuel Prices, & GDP In ABIA State: A Comparative Analysis Of Otti & Ikpeazu Administrations – By Chukwuemeka Ifegwu Eke

Inflation, Exchange Rates, Fuel Prices, & GDP in Abia State: A Comparative Analysis of Otti & Ikpeazu Administrations(Rooted in Economics, Politics, and Sociology) Introduction:A curious inquiry by a Nigerian social media activist ignited fiery debates, amassing over 100 reactions within hours. This paper meticulously dissects that question, comparing Governors Alex Otti (2023–present) and Okezie Ikpeazu (2015–2023) through official state communications, policy outcomes, and socio-economic data. By analyzing inflation control, exchange rate impacts, fuel price mitigation, and GDP trajectories, it reveals how governance styles—Otti’s technocratic reforms versus Ikpeazu’s symbolic patronage—shape resilience in Nigeria’s subnational economies, offering lessons for federal-state governance in…
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