Economy - Abia ThinkTank News

Nov

2024

Period Of Economic Hardship Now Over – President Tinubu Tells Nigerians

Period Of Economic Hardship Now Behind Us – President Tinubu Tells Nigerians President Bola Tinubu has assured Nigerians that the nation’s most challenging economic period is now behind them. The spokesperson for the vice president, Stanley Nkwocha, disclosed this in a statement on Tuesday in Abuja. He said Mr Tinubu gave the assurance at the inauguration of Monday Okpebholo and Dennis Idahosa as governor and deputy governor of Edo State. Represented by Vice President Kashim Shettima, the president said the inauguration brings a new chapter in Edo State’s history with the triumph of democratic values. ”We have weathered the hardest…

Nov

2024

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By Abia ThinkTank

FGN: Economic Reforms Now In Results Delivery State – Wale Edun

Columns/Opinions/Letters, Economy, FGN, News Flash

Economic Reforms Now In Results Delivery Stage – FG The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that President Bola Tinubu’s economic policies have now reached the result-delivery stage. The minister made this known on Thursday evening at an interactive session with the Senate Committee on Finance at the National Assembly Complex, Abuja. He further expressed appreciation for Nigerians’ endurance with the side effects of the economic reforms, which, according to him, have begun to yield results. According to Edun, the initial challenges from the reforms are behind Nigerians, with positive indicators for better…

Nov

2024

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By Abia ThinkTank

Former VP Osinbajo Advises Tinubu Amid Economic Hardship

Economy, Columns/Opinions/Letters, News Flash

Former VP Osinbajo Tells Tinubu What To Amid Economic Hardship Former Vice President Yemi Osinbajo has urged President Bola Tinubu to focus on improving Nigerians’ welfare as the country grapples with significant economic challenges. Speaking at the 2024 Women in Management, Business, and Public Service (WIMBIZ) conference, Osinbajo highlighted the urgent need for social welfare programs and accessible healthcare as Nigerians struggle with rising costs in essentials like food, transportation, and housing. “The cost of living is overwhelming Nigerians’ hope for survival,” Osinbajo remarked. He emphasized the growing issue of food insecurity, particularly affecting children, and called for stronger support…

Nov

2024

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By Abia ThinkTank

EFCC Arrests Chinese Brothers, 2 Others Over Attempt To Export Solid Minerals To China Illegally

Crime, Economy, FGN

EFCC Arrests Chinese Brothers, 2 Others Over Attempt To Export Solid Minerals To China Illegally Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested two Chinese brothers for allegedly attempting to export some solid minerals to China without requisite permit. The Chinese brothers, Jiang Wang and Richard Wang were arrested alongside two Nigerians, Donatus Agupusi and Michael Benneth Agu in Enugu, according to a statement posted on the EFCC’s Facebook page on Friday. The statement said the Chinese brothers were arrested at the Akanu Ibiam International Airport in Enugu while the two Nigerians were arrested at the Enugu…

Nov

2024

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Governor Otti And The Cry Of The Common Man – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, Good Governance, News Flash

Governor Otti and the Cry of the Common Man The concept of the "Common Man" is deeply rooted in American history, particularly during the presidency of Andrew Jackson. Jackson's humble beginnings, rising from poverty to becoming the seventh President of the United States, resonated with many Americans who saw him as one of their own. A brief history of the term - Common Man This term became mainstream in 1829, and marked a significant shift in American politics. Jackson's presidency was characterized by his commitment to democratic ideals, prioritizing the interests of the common people over those of the wealthy…

Nov

2024

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Apostle Chibuzo Chinyere Leads Investors To Meet Governor Otti, Names Investment Target Areas In ABIA State

Abia State, Business, Economy, Good Governance

APOSTLE CHIBUZO CHINYERE LEADS INVESTORS TO MEET GOVERNOR OTTI, NAMES INVESTMENT TARGET AREAS IN ABIA STATE. The General Overseer of Omega Power Ministry (OPM) and Traditional Ruler of Ohanko Ndoki Community, Ukwa East LGA, Apostle Chibuzo Chinyere led a team of investors to discuss areas and targets of investment in Abia State to support the Governor Otti led government. Speaking to the press after a close door business meeting with Governor Alex Otti, Apostle Chibuzo Chinyere said that he had to travel to different countries to seek investment and investors who would support the achievements of the Governor so far.…

Nov

2024

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Divine Solution For Nigeria’s Economic Hardship As First Lady And NSA Lead National Prayer

Economy, FGN, News Flash, Religion

First Lady, NSA To Lead National Prayer For Nigeria’s Economic Turnaround First Lady Senator Oluremi Tinubu and National Security Adviser Nuhu Ribadu will spearhead a national prayer session aimed at addressing Nigeria’s numerous challenges. The initiative, coordinated with Christian and Muslim religious leaders, seeks divine intervention for the country’s social, economic, and security issues, under the theme ‘Seeking the Intervention of God in Nigeria’s Affairs.’ Chief Segun Balogun Afolorunikan, Director General of the National Prayer Forum (NPF), announced the event in Abuja, emphasizing the importance of unity in overcoming Nigeria’s crises. According to Afolorunikan, this interfaith gathering signifies a collective…

Nov

2024

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Dangote Refinery Succumbs To Pressure, Discloses New Petrol Prices

Economy, Business, News Flash

Dangote Refinery Succumbs To Pressure, Discloses New Petrol Prices Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. The marketers had in an earlier interview claimed that they are buying at cheaper rates abroad while calling on Dangote Refinery to engage stakeholders. But in its reaction, the refinery said that…

Nov

2024

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The Eleanya Model: A Panacea For Sustainable Economic Development In Ohafia LGA – By Dr. Chukwuemeka Ifegwu Eke

Abia North, Abia State, Columns/Opinions/Letters, Economy, Good Governance, News Flash

The Eleanya Model: A Panacea for Sustainable Economic Development in Ohafia LGA The local government area of Ohafia, situated in Abia State, Nigeria, faces numerous economic challenges that hinder its growth and development. Unemployment, poverty, and limited infrastructure are some of the pressing issues that necessitate a multi-faceted approach. The Eleanya Model, a proposed framework, offers a holistic solution to address these economic difficulties and propel Ohafia LGA towards sustainable development. Ohafia LGA's economy is characterized by stagnation, with limited opportunities for entrepreneurship, agriculture, and industry. The area's rich natural resources remain untapped, and the lack of infrastructure hampers economic…

Oct

2024

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Abia State’s Economic Renaissance: Leveraging Opportunities For Growth – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, Economy, News Flash

Abia State's Economic Renaissance: Leveraging Opportunities for Growth The departure of foreign companies like GSK, PZ Cussons, and Pick n Pay from Nigeria presents a unique opportunity for Abia State to assert its economic prowess. Rather than viewing this exit as a negative development, Abia's entrepreneurial spirit and resilience can propel the state to new heights. Unleashing Indigenous Potential Abia State boasts an impressive array of indigenous companies poised to fill the vacuum left by departing foreign firms. Igbo led Local pharmaceutical companies, such as: Juhel Pharmaceuticals Chi Pharmaceuticals Limited. May and Baker can expand production and export capacities. Similarly,…