Economy

Restoring Financial Prudence: Governor Otti’s Quiet Revolution in Abia’s Finances By Ebere Uzoukwa, PhD When Dr. Alex Chioma Otti assumed office as Governor of Abia State in May 2023, he did not just inherit the paraphernalia of government—he inherited a state grappling with deep financial instability. With a domestic debt stock of ₦138 billion, a bloated and fraudulent payroll system, and a legacy of unchecked fiscal recklessness, the economic condition of Abia was dire. Many believed that only an emergency intervention—most likely involving heavy borrowing—could prevent the state from economic collapse. Contrary to expectations, Governor Otti did not resort to…

The Changing Nature of Middle-Class Jobs in Abia State: Umuahia’s Glimpse and Otti’s Statewide Ambition A stroll through Umuahia over two weeks reveals a quiet revolution in middle-class employment. Where traditional bank branches once stood, repurposed vocational centers now offer AI training, while tech hubs like Tetra Hub on Library Avenue buzz with young professionals developing apps for agriculture and logistics. This visible shift – from brick-and-mortar jobs to digital and entrepreneurial ventures – embodies the changing face of Abia’s middle class. Traditional sectors like banking and administration are contracting, replaced by ATMs and remote services, while education adapts through…

The Aba Papers: Anatomy of a Once Forgotten Economic Powerhouse "The Aba Papers" is a poignant and thought-provoking exploration of this city's struggles from a human perspective, weaving together the threads of history, policy, and human experience to create a rich tapestry of insight and understanding. Through this collection of essays, we delve into the complexities of Aba's challenges, seeking not only to diagnose the problems but also to prescribe solutions that can help this city rise from the ashes and reclaim its former glory. The Crumbling Foundations of CommerceAba, Nigeria's self-proclaimed "Japan of Africa," presents one of Africa's most…