Economy - Abia ThinkTank News

Aug

2024

Protesters Storm Streets With Russian Flags In Kano

Protesters Storm Streets With Russian Flags In Kano Some youths protesting against economic hardship in Kano State have taken to the streets, waving Russian flags and calling on President Vladimir Putin, to intervene over the crisis in Nigeria. Recall that angry Nigerian youths started protesting on Thursday, 1st of August , demanding better governance and an end to issues such as food inflation and the high cost of living. The sight of Russian flags highlights the deep frustration with the Nigerian government’s handling of the economic crisis, which has compounded the issues of hunger and hardship across the nation with…

Aug

2024

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By Abia ThinkTank

EndBadGovernance:Slain Protesters Must Not Die In Vain – Peter Obi

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

EndBadGovernance: Slain Protesters Must Not D¡e In Vain – Peter Obi The presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Peter Obi, has expressed grief over the deaths of several Nigerians during the ongoing nationwide #EndBadGovernance protests. He said on Saturday on his X handle that the protesters died in the battle for a better Nigeria and expressed hope that their legitimate demands would be addressed, and Nigeria would improve. Daily Trust reports that some protesters were killed and many others injured, following the commencement of the nationwide hardship protest, which started on Thursday. The…

Aug

2024

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By Abia ThinkTank

Abia State Government Places Premium On The Revitalization Of The Agricultural Sector

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

Abia State Government places premium on the revitalization of the Agricultural sector. The Abia State Deputy Governor, Engr. Ikechukwu Emetu, FNSE reiterated the present administration’s commitment to formulated policies and programmes aimed at boosting food production and enhancing productivity in area of comparative advantage like cocoa. Engr. Emetu, who disclosed this during the inauguration of the members of Abia State Cocoa Development committee at the Government House, Umuahia, said that Governor Alex Otti's administration places high premium on the revitalization of agriculture in the state with special provision made for integrated rural agriculture promotion. The Deputy Governor pointed out that…

Jul

2024

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Court Restricts Protest In Lagos To Freedom Peace Park

Human Rights, Economy, News Flash

Court Restricts Protests In Lagos To Freedom, Peace Park A Lagos High Court has restricted protesters in Lagos taking part in the proposed August 1 nationwide protest, to the Gani Fawehinmi Freedom Park in Ojota and Peace Park, Ketu area of the state. The court presided over by Justice Emmanuel Ogundare gave the restriction on Tuesday following a preemptive exparte application filed the state Attorney -General and Commissioner for Justice, Mr Lawal Pedro, SAN, seeking to maintain and secure public safety and prevent irreparable loss of lives and property in the state during the period of the protests. Listed in…

Jul

2024

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By Abia ThinkTank

FGN Suspends Import Duties, Taxes On Essential Food Items

Economy, FGN, News Flash

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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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…