Economy - Abia ThinkTank News

Jul

2025

Reps Approve Tinubu’s Additional $347 Million Loan Request For 2025-2026 Borrowing Plan

FGN, Economy, National Assembly, News Flash

Reps Approve Tinubu’s Additional $347 Million Loan Request For 2025–2026 Borrowing Plan The House of Representatives has approved President Bola Tinubu’s request for an additional $347 million loan under the Federal Government’s 2025–2026 External Borrowing (Rolling) Plan. This followed the consideration and adoption of a report presented by the House Committee on Aids, Loans, and Debt Management, chaired by Abubakar Nalaraba (APC, Nasarawa), during Wednesday’s plenary session. The House gave its approval after dissolving into the Committee of Supply, where it unanimously endorsed the committee’s recommendations. Coastal highway cost adjustmentPREMIUM TIMES reported that the Speaker of the House, Abbas Tajudeen,…

Jul

2025

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By Abia ThinkTank

Responding To A Silent Emergency: Being Governor Otti’s Address At The Launch Of N-774 Initiative In ABIA State

Abia State, Economy, Empowerment, Good Governance

RESPONDING TO A SILENT EMERGENCY Being the Text of an Address Presented by Governor Alex C. Otti, OFR, at the Launch of N-774 Initiative in Abia State on Wednesday, July 23, 2025, at the Banquet Hall, Government House Umuahia Protocols The health and wellbeing of the people is the surest guarantee of the stability and future of any society. What we have therefore gathered to do this morning is beyond the simple matters of feeding and nourishment, it is a timely intervention to save the future of our State and Country by addressing what has become a critical threat to…

Jul

2025

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By Abia ThinkTank

National Leadership Of NUP Meets Governor Otti, Apologizes On Behalf Of State NUP, As Governor Otti Reassures Commitment To Revisit Agreement With Pensioners

Abia State, Economy, Good Governance, News Flash

NATIONAL LEADERSHIP OF NUP MEETS GOVERNOR OTTI, APOLOGIZES ON BEHALF OF STATE NUP, AS GOVERNOR OTTI REASSURES COMMITMENT TO REVISIT AGREEMENT WITH PENSIONERS. Abia State Governor, Dr. Alex Otti, received the leadership of the Nigerian Union of Pensioners (NUP) and reassured them of his commitment to revisiting the lingering issues with the State Chapter of the Union. Governor Otti, who received the delegation of the NUP led by its National President, Mazi Godwin Abumisi, in his office on Tuesday, while responding to the plea by the National leadership of the NUP to forgive the Abia State Chapter of the Union…

Jul

2025

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By Abia ThinkTank

Senate Approves Tinubu’s $21 Billion Loan Plan

CBN/Commercial Banking, Economy, FGN, National Assembly, News Flash

Senate Approves Tinubu’s $21 Billion Loan Plan The Senate has approved President Bola Tinubu’s request for a comprehensive external borrowing plan totaling over $21 billion for the 2025–2026 fiscal years. According to the Senate, the funds are earmarked to support key national development projects across sectors such as infrastructure, security, agriculture and human capital development. During plenary on Tuesday in Abuja, Chairman of the Senate Committee on Local and Foreign Debt, Senator Aliyu Wamako, presented the long-awaited report, which was first introduced on May 27, 2025. He explained that the delay in adoption was due to parliamentary recesses and challenges…

Jul

2025

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By Abia ThinkTank

FGN Set To Clear N81 Billion N-Power Backlog – Senate

FGN, Economy, National Assembly

FG Set To Clear N81 Billion N-Power Backlog – Senate The Senate on Tuesday said the Federal Government was preparing to clear the outstanding N81bn owed as backlog of N-Power allowances in 2022 and 2023. This development followed a meeting convened by the Deputy President of the Senate, Barau Jibrin, who brokered dialogue between the Federal Government, representatives of the aggrieved N-Power beneficiaries, and their counsel, Abba Hikima. Speaking to journalists after the closed-door meeting, Barau disclosed that the discussions were fruitful and had led to an understanding that payment arrangements were already underway. “The beneficiaries came here to the…

Jul

2025

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The Otti Imperative: How ABIA Is Forging Africa’s Next Generation Of Leaders, Inspired By Lee Kuan Yew – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Africa, Columns/Opinions/Letters, Economy, Empowerment, Good Governance

The Otti Imperative: How Abia is Forging Africa's Next Generation of Leaders, Inspired by Lee Kuan Yew In the annals of transformative governance, few legacies shine as brightly as that of Lee Kuan Yew, who harnessed disciplined vision and unwavering investment in human capital to forge a global powerhouse from Singapore. Today, echoing that same audacious spirit, Dr. Alex Otti, OFR, Governor of Abia State, is scripting a groundbreaking chapter in Nigeria's development narrative. His administration’s laser focus on youth empowerment, exemplified by the recent historic Youth Leaders Town Hall Meeting, transcends mere policy; it represents a fundamental reimagining of…

Jul

2025

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Nigeria ‘Designed To Fail’ – Pastor Tunde Bakare

Columns/Opinions/Letters, Economy, Politics, Security

Nigeria ‘Designed To Fail’ – Pastor Tunde Bakare Nigerian cleric and former presidential aspirant, Pastor Tunde Bakare, has declared that Nigeria is not a broken state but one fundamentally “designed to fail”, calling for a radical overhaul through what he described as a “revolution of values”. Delivering a sermon on Sunday at The Citadel Global Community Church in Lagos, Bakare said the nation was at a crossroads, driven to the edge by a corrupt political architecture propped up by tribalism, injustice, and impunity. “The system is not broken,” Bakare said. “It was designed to fail the people. And no amount…

Jul

2025

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The Intentionality Of Gov. Otti: ABIA Becoming Globally Visible Through Digital Innovation – By Ctz. Ukoha Njoku Ukoha, Chief Press Secretary To The Executive Governor Of Abia State.

Abia State, Economy, Good Governance, Information Technology, International

THE INTENTIONALITY OF GOV. OTTI: ABIA BECOMING GLOBALLY VISIBLE THROUGH DIGITAL INNOVATION. - By Ctz. UKOHA, NJOKU UKOHA, Chief Press Secretary to the Executive Governor of Abia State. Right from inception, Governor Alex Otti-led administration in Abia State, has remained very passionate about investment in Digital Technology and Innovation. The administration has made deliberate efforts not only to conscientize Abia youths on the vast opportunities in the sector, but also made it easily accessible. A number of trainings and workshops have been organised for youths with apt in digital technology and innovation. The benefits of these efforts are beginning to…

Jul

2025

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Nigerian Marketers Reduce Fuel Prices As FGN Shuts Down Economy In Honour Of Buhari

Abia State, Business, Economy, FGN, News Flash, Oil & Gas

Nigerian Marketers Reduce Fuel Prices As FG Shuts Down Economy In Honour Of Buhari Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday. This comes as the economy shuts down today owing to the public holiday declared by the federal government to honour ex-president Muhammadu Buhari. The national president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST in an interview on Monday. According to him, the decision to cut the petrol price comes after members of IPMAN held a meeting in Abuja on Monday in…

Jul

2025

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NNPC Refineries May Never Work Again Despite $18 Billion Spent – Dangote

Economy, Business, FGN, Oil & Gas

NNPC Refineries May Never Work Again Despite $18 Billion Spent — Dangote The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation. Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday. He said the 650,000-barrel-per-day (bpd) refinery was constructed after the government of late President Umar Yar’adua declined to sell the refineries to him. He said, “The refineries that we bought before, which were owned…