Economy

Mar
08
2025
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By Abia ThinkTank
X-Raying Governor Otti’s Economic Transformation Agenda For ABIA State – By Ebere Uzoukwa Ph.D (SSA To Gov. Otti On Public Affairs)

X-Raying Governor Otti’s Economic Transformation Agenda For ABIA State – By Ebere Uzoukwa Ph.D (SSA To Gov. Otti On Public Affairs)

Columns/Opinions/Letters, Abia State, Economy, Good Governance
X-raying Governor Otti's Economic Transformation Agenda for Abia State Ebere Uzoukwa, Ph.D Upon his inauguration as Governor of Abia State, Governor Alex Otti unveiled an economic roadmap aimed at unlocking the economic potential and investment opportunities in the State. This roadmap has been instrumental in guiding his administration's efforts to restore Aba to its former glory as a thriving commercial center. With a clear vision to reposition Abia State as a hub for trade, commerce, and industry, Governor Otti has been working tirelessly to create an enabling environment for businesses to thrive. To achieve this, Governor Otti ensured that Aba…
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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
05
2025
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By Abia ThinkTank
Gov. Otti To Partner Vietnam To Improve Agriculture, Trade, Commerce, Others

Gov. Otti To Partner Vietnam To Improve Agriculture, Trade, Commerce, Others

Abia State, Agriculture, Economy, Good Governance, News Flash
GOV. OTTI TO PARTNER VIETNAM TO IMPROVE AGRICULTURE, TRADE, COMMERCE, OTHERS. Abia State Governor, Dr. Alex Otti says his Government is interested in partnering the Socialist Republic of Vietnam in various areas of the economy to develop Abia State. Governor Alex Otti stated this Tuesday while receiving in audience, a delegation led by the Vietnamese Ambassador to Nigeria, Mr. Bui Quoc Hung who paid him a working visit at his Umuehim, Nvosi Country home. He said that there are many areas the State could partner with Vietnam for mutual benefits. "We are very happy to have you in Abia. We…
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Mar
05
2025
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By Abia ThinkTank
In Major Leadership Overhaul, CBN Appoints 16 New Directors

In Major Leadership Overhaul, CBN Appoints 16 New Directors

CBN/Commercial Banking, Economy, News Flash
CBN Appoints 16 New Directors In Major Leadership Overhaul The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in a significant leadership shakeups. These appointments affect crucial areas such as Monetary Policy department, Trade and Exchange Department, Banking Supervision, Payment Systems and Consumer Protection among others. This new appointments are coming at a time when regulators are tightening oversight on banks and financial technology firms as it declared last week as well as the final leg of the banking sector recapitulation exercise. A source at the CBN told The Nation that “the very best were…
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Mar
03
2025
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By Abia ThinkTank
Monday Energy Meets History-Making Urgency! Abia’s Time Is Now – As Otti Turns Pledges Into Progress, One Bold Decision At A Time – By Dr. Chukwuemeka Ifegwu Eke

Monday Energy Meets History-Making Urgency! Abia’s Time Is Now – As Otti Turns Pledges Into Progress, One Bold Decision At A Time – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, Politics
Monday Energy Meets History-Making Urgency! Abia's Time is Now - As Otti turns pledges into progress, One Bold Decision at a Time #NewAbiaRising Abia State stands at a critical juncture in its governance trajectory, with socioeconomic indicators that were underscoring both the gravity of its challenges, (pre-Otti) and the promise of a once-in-a-generation opportunity for renewal. With an estimated population of 4.7 million people, the state contributes just 1.2% to Nigeria’s GDP despite its strategic location in the oil-rich Niger Delta and historical prominence in commerce and manufacturing. According to the National Bureau of Statistics (NBS), Abia’s unemployment rate surged…
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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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Feb
26
2025
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By Abia ThinkTank
Dangote Crashes Petrol Price By N65, Reveals New Price For Southwest, Other Zones

Dangote Crashes Petrol Price By N65, Reveals New Price For Southwest, Other Zones

Economy, News Flash, Oil & Gas
Dangote Crashes Petrol Price By N65, Reveals New Price For Southwest, Other Zones Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. The price adjustment, according to Dangote was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace. Recall that Dangote has severally reduced the prices of petrol and other…
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