Economy - Abia ThinkTank News

Aug

2024

Atiku Slams Tinubu Over Subsidy Scam, Demands Release Of Detained PIDOMNigeria

Columns/Opinions/Letters, Economy, Human Rights, News Flash

Atiku Slams Tinubu Over Subsidy Scam, Demands Release of Detained PIDOMNigeria Former Vice President of Nigeria, Atiku Abubakar has asked the Federal Government to explain why Oando Plc owned by the President’s nephew, got an accelerated approval to buy the onshore assets of AGIP and ENI while other transactions such as the Shell/Renaissance deal and the Mobil/Seplat continue to suffer delays. The former Vice President also slammed the Bola Tinubu administration for implementing a sham subsidy regime as revealed in the financial statement recently released by the Nigerian National Petroleum Company Limited (NNPCL) According to Phrank Shaibu, the Special Assistant…

Aug

2024

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By Abia ThinkTank

Don’t Make Us Look Bad… Palliatives Can’t Solve Nigerian Problems – PDP Governors Tell Tinubu

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

Don’t Make Us Look Bad… Palliatives Can’t Solve Problem – PDP Governors Tell Tinubu Governors elected on the platform of the Peoples Democratic Party (PDP) say the federal government interventions in states are not enough. The governors’ position is contained in a communiqué issued on Friday after a meeting in Jalingo, the capital of Taraba state. The federal government has been distributing palliatives to states to address the economic hardship in the country. The governors asked President Bola Tinubu to caution his appointees against “mentioning” the interventions provided by the federal government to states to make them “look bad”. “The…

Aug

2024

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Kumuyi Urges Christians, Muslims To Unite For Nigeria’s Growth

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

Kumuyi Urges Christians, Muslims To Unite For Nigeria’s Growth The General Overseer of Deeper Life Christian Church, Pastor William Kumuyi has called on Christians and Muslims in the country to ignore religious segregation and collaborate to change Nigeria for the better. The pastor stated that there was a need for the adherents of the two religions to see themselves as a people created by God that must take positive steps to lay a solid foundation for a better society and indeed a better world. He stated this at the inauguration ceremony of the Change Markers International Conference, held in Akure…

Aug

2024

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By Abia ThinkTank

Why We Issued 21-Day Strike Notice To FGN – ASUU

Economy, FGN, Labour, News Flash

Why We Issued 21-Day Strike Notice To FG – ASUU The Academic Staff Union of Universities (ASUU) says the federal government has consistently failed on its promises to address the lingering issues hindering the development of Nigeria’s universities. ASUU earlier issued a 21-day notice to the federal government for a nationwide strike. Emmanuel Osodeke, the union’s president, was at the Michael Okpara University of Agriculture in Abia where he disclosed the outcome of ASUU’s national executive council (NEC) meeting. The meeting was held between August 17 and August 18 at the University of Ibadan. The union is to reconvene at…

Aug

2024

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NNPC Reacts To Atiku’s Allegations Of Plan By Tinubu To Mortgage Nigeria’s Future Through OVH Deal

Economy, Columns/Opinions/Letters, News Flash, Oil & Gas

NNPC Reacts To Atiku’s Allegations Of Plan By Tinubu To Mortgage Nigeria’s Future Via OVH Deal The Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted to allegations made by former Vice President Atiku Abubakar, accusing President Bola Tinubu of attempting to mortgage Nigeria’s future through the acquisition of OVH Energy by NNPC Ltd. In a statement titled “OVH Acquisition: The Facts, by NNPC Ltd,” the company denied any personal interest by President Tinubu in the acquisition. NNPC Ltd stated that investment decisions are based on commercial viability and national interest, and provided facts to counter Atiku’s allegations. The company…

Aug

2024

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By Abia ThinkTank

Anambra Women Receive N50,000 First Lady’s Recapitalisation Grant

Economy, FGN, News Flash

Anambra Women Receive N50,000 First Lady’s Recapitalisation Grant Over 1,000 women, including petty traders, vulnerable and persons living with disabilities from various communities across Anambra State, have received the recapitalisation grant of N50,000 each from Nigeria’s First Lady, Oluremi Tinubu’s Renewed Hope Initiative Economic Empowerment Programme. The First Lady had on Thursday, unveiled a recapitalisation grant for 37,000 women petty traders across the 36 states and the Federal Capital Territory. During the flag-off ceremony in Abuja, she said 1,000 women across each state and the FCT will get N50,000, totalling N1.85bn as part of her Renewed Hope Initiative’s Economic Empowerment…

Aug

2024

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Rain, Lightning, Thunderstorms Caused Petrol Scarcity – NNPC

Economy, News Flash, Oil & Gas

Rain, Lightning, Thunderstorms Caused Petrol Scarcity – NNPC The Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCL’s vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations across the country, with car owners spending long hours in queues and black markets having a field day with fuel now being sold for as much as over N1,000. Apologising to Nigerians for the queues springing up across the country…

Aug

2024

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FGN Fines Fidelity Bank N555.8m For Compromising Customer Data

CBN/Commercial Banking, Economy, FGN, News Flash

FG Fines Fidelity Bank N555.8m For Compromising Customer Data The Federal government through the National Data Protection Commission has slammed Fidelity Bank with a fine of N555.8 million for violating customer data protection laws. This announcement was made by the commission’s National Commissioner, Vincent Olatunji, at the Validation Workshop on the Nigeria Data Protection Act General Application and Implementation Directive in Abuja on Wednesday. According to Olatunji, Fidelity Bank breached the National Data Protection Act (NDP Act) 2023 and the Nigeria Data Protection Regulation (NDPR) 2019, leading to the imposition of the fine. The penalty, which represents 0.1 per cent…

Aug

2024

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By Abia ThinkTank

“Tinubu And Family Mortgaging Nigeria’s Future Like They Did To Lagos” – Atiku

Columns/Opinions/Letters, Economy, News Flash

“Tinubu And His Family Mortgaging Nigeria’s Future Like They Did To Lagos” – Atiku Former Vice President of Nigeria, Atiku Abubakar, has declared that the future of Nigerians has been effectively mortgaged to President Bola Tinubu, his family, and associates. Atiku stated that even after Tinubu leaves office, it will be nearly impossible to break the shackles imposed on the country by the president. Atiku, who was the Presidential candidate of the Peoples Democratic Party (PDP) in the last election, in a statement by his media aide, Paul Ibe, accused Tinubu of integrating his business interests into the federal government’s…

Aug

2024

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A Future-Ready Society: Being Text Of Speech By Gov. Otti During Visit Of The British High Commissioner….

Abia State, Economy, Good Governance, News Flash

A Future-Ready Society Being the Text of a Speech by Governor Alex C. Otti, OFR, on Tuesday, August 20, 2024, During the Visit of the British High Commissioner/Close-Out Ceremony of the 5-Day Digital Training Workshop for Abia Civil Servants Sponsored by the UK Foreign, Commonwealth and Development Office Protocols, I am very delighted to welcome the British High Commissioner, His Excellency, Dr Richard Montgomery and his entourage to Abia, God’s Own State. This very visit by the High Commissioner and his team highlights in a very special way, his genuine commitment to the development of Nigeria, and its subnational units.…