Economy - Abia ThinkTank News

Jul

2024

FGN Suspends Import Duties, Taxes On Essential Food Items

FG Suspends Import Duties, Taxes On Essential Food Items In a bid to cushion the effect of the inflationary trend in Nigeria, the Federal Government, through the Nigeria Customs Service (NCS), has suspended import duties and taxes on some items to make them more affordable for Nigerians. Disclosing this Tuesday, Comptroller General of the Nigeria Customs Service, Mr. Adewale Adeniyi, said that the government was committed to addressing the situation in a seamless manner with a view to reducing hunger in the land. He explained that global inflation is impacting countries worldwide, including Nigeria, adding that the agency has streamlined…

Jul

2024

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By Abia ThinkTank

FGN Commences Payment Of Withheld Salaries To SSANU, NASU

Economy, Education, News Flash

FG Commences Payment Of Withheld Salaries To SSANU, NASU The Federal Government is set to commence the payment of two months’ salaries to members of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) out of the four months withheld during their 2022 strike. According to Vanguard, reliable sources revealed that the memo for the payment is currently awaiting President Bola Tinubu’s approval. In 2022, four university-based unions, including SSANU, NASU, the Academic Staff Union of Universities (ASUU), and the National Association of Academic Technologists (NAAT), embarked on a prolonged…

Jul

2024

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By Abia ThinkTank

FGN Overrules NAMA, Suspends Planned 800% Levy Hike

Business, Economy, FGN, News Flash

FG Overrules NAMA, Suspends Planned 800% Levy Hike The Nigerian Airspace Management Agency has suspended its earlier announced increase in navigational charges. This was made known through a statement by the Director of Public Affairs and Consumer Protection of NAMA, Abdullahi Musa, on Monday. The NAMA spokesman noted that the backtrack by the agency was in response to the directive of the Minister of Aviation and Aerospace Development, Festus Keyamo. Musa added that the decision follows the Minister’s recognition of the current economic challenges faced by Nigerians. Last Friday, NAMA announced its intention to raise its navigation charge by 800…

Jul

2024

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By Abia ThinkTank

Gov. Otti Inaugurates Council On Ease Of Doing Business In ABIA State

Abia State, Business, Economy, Good Governance, News Flash

GOVERNOR OTTI INAUGURATES COUNCIL ON EASE OF DOING BUSINESS IN ABIA STATE. In a strategic move to sustain the gains recorded on the ease of doing in the State, make business seamless and accelerate the economic development of the State, Abia State Governor, Dr. Alex Otti, OFR has inaugurated the Abia State Council on the Ease of Doing Business. Rising from the weekly State Executive Council meeting on Monday 29th July, Governor Otti inaugurated the Council which has the Deputy Governor of the State Engr. Ikechukwu Emetu as the Chairman. The Governor who described the inauguration of the Council as…

Jul

2024

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By Abia ThinkTank

President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira

Business, Economy, News Flash, Oil & Gas

President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira. The President of the Federal Republic Of Nigeria Senator Ahmed Bola Tinubu has directed Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday.

Jul

2024

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By Abia ThinkTank

Gwo Gwo Gwo Gwon: A Dance Of Deception – By Oseni Rufai

Economy, Entertainment, News Flash, Politics

Gwo Gwo Gwon gwo:A Dance Of DeceptionOseni Rufai This dance has been trending for days. At every nook and crannies of the social media platforms, the dance steps are very prominent. Everyone wants to dance that dance of twisting of waist and raising of one leg. Turning thereafter to pursue themselves in a very comical manner. I have sat down to look at the sense in the dance as popularised by Brain Jotter, all I could see was a gregarious instinct of the masses and the craves to join the bandwagon. What is Gwo Gwo Ngwo? Gwo Gwo ngwo was…

Jul

2024

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By Abia ThinkTank

Protest: ‘Reduce Rice To N20,000, Fuel To N200 Per Litre’ – Pastor Giwa Tells Tinubu

Columns/Opinions/Letters, Economy, News Flash

Protest: ‘Reduce Rice To N20,000, Fuel To N200 Per Litre’ – Pastor Giwa Tells Tinubu The senior pastor of Awaiting The Second Coming Of Christ Ministry, Adewale Giwa, on Sunday urged President Bola to reduce the price of rice to N20,000 per bag and petrol to N200 per liter. Pastor Giwa also urged Tinubu to reopen all the land borders if he wants to tackle the challenges facing Nigerians. He made the appeal in a statement he personally signed. According to Giwa: “Meanwhile, I would like to implore President Bola Tinubu to do everything possible to reduce the price of…

Jul

2024

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By Abia ThinkTank

FGN Must Focus On Fighting Hunger, Insecurity – Okey Udo, ADP Vice -Presidential Candidate

Columns/Opinions/Letters, Economy, News Flash

Okey Udo, ADP Vice-Presidential candidate: FG must focus on fighting hunger, insecurity Vice Presidential candidate of the Action Democratic Party (ADP) in the 2023 elections, Dr. Okey Okoro Udo, has said that hunger and insecurity are critical issues that need immediate attention. While expressing his fears for the country, he noted that Nigeria’s position as 103 out of 117 countries on the Global Hunger Index underscores the severe food insecurity affecting millions of the citizens. In an interview with VINCENT KALU, the clergyman pointed out that the government’s economic policies have been overshadowed by trial-and-error approaches, such as the abrupt…

Jul

2024

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By Abia ThinkTank

Amidst Planned Protest, FGN Opens N110 Billion Portal For Nigeria Youth Investment Fund

Business, Economy, FGN, News Flash

Amidst Planned Protest, FG Opens N110 Billion Portal For Nigeria Youth Investment Fund See How To Apply Federal Government of Nigeria has opened portal for Nigerian Youth Investment Fund, GISTSMATE MEDIA is reporting. In the application link sighted and checked by our correspondent, NYIF 2024 application is now active and can be accessed via https://www.fmyd.gov.ng/nyif_application Recall that the Minister of Youth Development, Dr. Jamila Bio Ibrahim, earlier announced that the portal for the restructured Youth Investment Fund of N110 billion will be accessible in the coming days. The Minister made this announcement during a courtesy visit by the Middle Belt…

Jul

2024

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By Abia ThinkTank

Governors Hold Marathon Meeting As Local Government Tops Agenda

Economy, LGA, News Flash

Governors Hold Marathon Meeting As Local Govt Autonomy Tops Agenda The thirty- six state Governors under the aegis of Nigeria Governors Forum, NGF have commenced a meeting in Abuja, with Local Government Autonomy toping the agenda. The governors started arriving for the meeting at 9pm at the National Secretariat of the forum, Maitama, Abuja. According to the agenda which was sighted, the issue of Local Government Autonomy is coming under Matters Arising and briefing by the Chairman of the forum and Kwara State Governor, Abdulrahman Abdulrazaq who will brief the governors on the matter. Recall that the Supreme Court had…