Economy

Aug
13
2025
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By Abia ThinkTank
EFCC Grants Tambuwal Bail After N189 Billion Probe

EFCC Grants Tambuwal Bail After N189 Billion Probe

Crime, Economy, News Flash
EFCC Grants Tambuwal Bail After N189 Billion Probe The Economic and Financial Crimes Commission (EFCC) has granted administrative bail to former Sokoto State Governor, Senator Aminu Tambuwal, following hours of questioning over alleged N189 billion withdrawals during his tenure. Tambuwal, a former Speaker of the House of Representatives, honoured the EFCC’s invitation on Monday, arriving at the agency’s Abuja headquarters at 11:16 a.m. A senior EFCC official noted that the former governor was released after meeting his bail conditions. “He has already been granted administrative bail. We’ve extracted what we need from him, and he will soon leave our headquarters…
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Aug
11
2025
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By Abia ThinkTank
Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel

Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel

Economy, News Flash, Oil & Gas
Nigeria’s N54.99 Trillion Budget Suffers Setback As Oil Drops To $66 Per Barrel The execution of Nigeria’s N54.99 trillion budget suffered a major setback as the crude price dropped to $66 per barrel from $70 per barrel, indicating a 5.7 percent decrease, yesterday. This was even as Nigeria’s oil output, including condensate and foreign exchange, stood at 1.8 million barrels per day and more than N1,500 per dollar, respectively. The nation’s budget was based on 2.06 million barrels per day (bpd), N1,500 per dollar, and $75 per barrel oil output, exchange rate, and oil price, respectively. However, in an interview…
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Aug
09
2025
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By Abia ThinkTank
NYSC, CREDICORP Launch N200,000 Loan Scheme For Corps Members Nationwide

NYSC, CREDICORP Launch N200,000 Loan Scheme For Corps Members Nationwide

Economy, News Flash, Youths
NYSC, CREDICORP Launch N200,000 Loan Scheme For Corps Members Nationwide The Nigerian Consumer Credit Corporation (CREDICORP) has partnered with the National Youth Service Corps (NYSC) to introduce YouthCred, a loan programme offering corps members access to credit facilities of up to ₦200,000. The initiative was formalised on Wednesday in Abuja through the signing of a Memorandum of Understanding (MoU) between the two institutions. CREDICORP Managing Director/CEO, Engr. Uzoma Nwagba, revealed that ₦9 billion has been allocated for the first phase, which will focus exclusively on NYSC members. He explained that the programme aligns with President Bola Tinubu’s Democracy Day pledge…
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Aug
07
2025
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By Abia ThinkTank
Governor Otti: A Case Study In Transparent And Accountable Leadership – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Governor Otti: A Case Study In Transparent And Accountable Leadership – By Ebere Uzoukwa, Ph.D (SSA To Governor Otti On Public Affairs)

Abia State, Columns/Opinions/Letters, Economy, Good Governance
Governor Otti: A Case Study in Transparent and Accountable Leadership By Ebere Uzoukwa, PhD In today’s landscape of modern governance, particularly at the state level, the ability to manage public resources transparently and responsibly is not just a hallmark of good leadership but the foundation of sustainable development. Since assuming office in May 2023, Governor Alex Chioma Otti has demonstrated a consistent commitment to transparency, fiscal discipline, and service-oriented leadership. These guiding principles have shaped his stewardship of Abia State and have already delivered visible results that continue to attract national attention and growing public trust. Recently, however, a misleading…
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Aug
05
2025
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By Abia ThinkTank
Philips Consulting Decodes Abia’s Metamorphosis Through Leadership Precision – By Dr. Chukwuemeka Ifegwu Eke

Philips Consulting Decodes Abia’s Metamorphosis Through Leadership Precision – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Infrastructure
Philips Consulting Decodes Abia’s Metamorphosis Through Leadership Precision (August 5, 2025) Phillips Consulting’s 2025 State Performance Index (pSPI) has crystallized a singular truth: Abia’s transformation under Alex Otti is a masterclass in data-driven governance. As Nigeria’s most rigorous subnational assessment, pSPI’s 37 KPIs across six sectors reveal not incremental change but systemic renaissance. Within this empirical landscape, Otti emerges as the architect of Abia’s redemption—merging technocratic rigor with transformative intentionality. The index dissects his leadership matrix across three pillars of revival. Fiscal Foresight and Infrastructure Revolution dominate Otti’s governance blueprint. His administration ranks number one in capital expenditure per capita,…
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Aug
04
2025
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By Abia ThinkTank
The 2025 State Performance Index By Philips Consulting: 5 Takeaways For ABIA – By Ctz Ukoha Njoku Ukoha (Chief Press Secretary To Governor Otti)

The 2025 State Performance Index By Philips Consulting: 5 Takeaways For ABIA – By Ctz Ukoha Njoku Ukoha (Chief Press Secretary To Governor Otti)

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Infrastructure
The 2025 State Performance Index by Phillips Consulting: 5 Takeaways for Abia Phillips Consulting recently published its National Assessment Report for 2025 and shared important development indicators from the 36 states and the FCT. It is a robust report and while I do not agree with everything contained in the publication, there are 5 important takeaways that highlight the remarkable strides of the Governor Alex Otti Administration over the last 2 years and I would share those with us: Abia is Number 1 on capital expenditure per capita in the entire country. The meaning is that the Alex Otti administration…
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Aug
04
2025
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By Abia ThinkTank
Greaseless Momentum: The Self-Sustaining Machinery Of Abia’s Governance Revolution – By Dr. Chukwuemeka Ifegwu Eke

Greaseless Momentum: The Self-Sustaining Machinery Of Abia’s Governance Revolution – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Infrastructure
Greaseless Momentum: The Self-Sustaining Machinery of Abia’s Governance Revolution (Sequel to Alchemy of the Grease) I. Institutional Architecture: Embedding Frictionless GovernanceGovernor Otti’s transformation of Abia’s institutional DNA transcends one-off reforms. By digitizing land administration from application to Certificate of Occupancy (C-of-O) issuance, his administration eradicated 17 revenue leakage points and enabled real-time gubernatorial approvals—eliminating bureaucratic gatekeepers entirely. This system, powered by the M-Files electronic document management platform, slashed processing time from 18 months to 72 hours while creating an immutable audit trail. The Greater Aba/Ohafia Development Authorities and Umuahia Capital Development Authority (UCDA) now function as precision instruments. The UCDA’s…
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Aug
04
2025
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By Abia ThinkTank
Fake N1000 Notes Circulating; How You Can Identify Them – NOA

Fake N1000 Notes Circulating; How You Can Identify Them – NOA

CBN/Commercial Banking, Economy, News Flash
Fake N1000 Notes Circulating, How You Can Identify Them – NOA The National Orientation Agency (NOA) in Kwara has cautioned the public on fake N1000 notes circulating in the state. The State Director of NOA, Alhaji Abdulganiyu Dare, disclosed this in a statement issued in Ilorin. Dare emphasised the need for vigilance among residents and business owners in the state. According to him, there is confirmed intelligence reports of syndicates flooding the area with counterfeit currency with batch numbers 364232 and 898248. Dare said the counterfeit notes can be identified by their blurred portraits, watermarks, and irregular security features. He…
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Jul
27
2025
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By Abia ThinkTank
The Canvas Of Change: Otti’s Heraldic Revolution – By Chukwuemeka Ifegwu Eke

The Canvas Of Change: Otti’s Heraldic Revolution – By Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance
The Canvas of Change: Otti’s Heraldic RevolutionGovernor Alex Otti’s 2024 emblem redesign marked a decisive break from Abia’s past visual identity, which his administration dismissed as digitally archaic. Commissioning heraldry experts at zero cost to taxpayers, Otti transformed the state’s symbolism into a narrative of economic rebirth. The eagle, elephant, and leopard now stand as deliberate metaphors for his governance: strategic vision, collective strength, and fearless reform. This rebranding transcends aesthetics—it is a visual manifesto for the 2027 electoral battle, positioning Otti as the architect of a new Abia. Eagle, Elephant, Leopard: The Trifecta of TransformationPerched atop the shield, the…
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Jul
26
2025
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By Abia ThinkTank
Dr. Alex Otti’s Stand On State Creation In Nigeria: A Voice Of Economic Prudence And Equity – Ebere Uzoukwa Ph.D (SSA To Governor Otti On Public Affairs)

Dr. Alex Otti’s Stand On State Creation In Nigeria: A Voice Of Economic Prudence And Equity – Ebere Uzoukwa Ph.D (SSA To Governor Otti On Public Affairs)

Abia State, Columns/Opinions/Letters, Economy, Good Governance
Dr. Alex Otti’s Stand on State Creation in Nigeria: A Voice of Economic Prudence and Equity By Ebere Uzoukwa, PhD Long before his election as the Executive Governor of Abia State, Dr. Alex Chioma Otti, OFR, had maintained a clear, consistent, and well-articulated position on the contentious issue of state creation in Nigeria. Writing on August 10, 2020, in his widely read policy commentary “Slicing the Fat from Our Pot Bellies III,” Dr. Otti delivered a compelling critique of Nigeria’s over-bloated and economically unsustainable governance structure. A Clear Economic Position Against the Proliferation of States Dr. Otti strongly opposed the…
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