Economy - Abia ThinkTank News

Nov

2023

Soludo Presents 2024 Budget Proposal Of N410 Billion To Anambra State House Of Assembly (Full Details)

Economy, House Of Assembly, News Flash, South East

Full details as Soludo Presents 2024 Budget Proposal Of N410 Billion To Anambra State House Of Assembly The Executive Governor of Anambra State, Prof Chukwuma Charles Soludo, yesterday afternoon at the Anambra State House of Assembly, presented the 2024 budget proposal ofFour Hundred and Ten Billion, one hundred and thirty-two million, two hundred and twenty-four thousand, two hundred and seventy-two naira. According to the State Number One Citizen, Ninety-six billion, two hundred and one million, nine hundred and thirty-six thousand, seven hundred and forty-six naira (₦96, 201, 936, 746) that is 23% of the budget is targeted at recurrent expenditure;…

Nov

2023

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By Abia ThinkTank

Straight From The Heart: Nigeria Is Sitting On A Time Bomb And The Situation Is Getting More Hopeless – By David Uma

Columns/Opinions/Letters, Economy, News Flash

THE SITUATION IN OUR COUNTRY IS GETTING MORE HOPELESS… Nigerians are going through drowning experiences, and getting more drowsy as each day passes. The Country is seriously grappling with so many challenges. The economic indicators from every part of the Country show high level of poverty, and general hopelessness. The high cost of living is skyrocketing on daily basis, thereby driving everyone crazy. Petrol is no longer affordable, how much more other basic needs including foodstuffs. Controversy is still surrounding the removal of the fuel subsidy regime many months after it was announced.Predictably, the rippling effects have triggered public outcry,…

Nov

2023

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By Abia ThinkTank

Why Ex-CBN Governor, Emefiele Will Remain In Kuje Prison Till November 22

Crime, Economy, Judiciary, News Flash

Court Remands Ex-CBN Gov, Emefiele In Kuje Prison Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, has ordered that the former Governor of the Central Bank of Nigeria CBN, Godwin Emefiele, be remanded in Kuje prison pending the determination of his request for bail. Emefiele will remain in prison until November 22, when the court will deliver a ruling on his bail motion. According to Dailypost report z His lead counsel, Mathew Burkaa SAN, moved the application for bail which Rotimi Oyedepo vehemently opposed on behalf of the Federal Government. After taking arguments for…

Nov

2023

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By Abia ThinkTank

Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries – Presidency

Economy, News Flash, Oil & Gas

💥BOOM After A Successful Outing In Saudi Arabia, President Tinubu Returns To Africa. President Tinubu Went To Riyadh For Serious Business. ●President Tinubu Sealed Investment Deals With The Saudis In Agriculture, Oil And Gas , Electricity, Telecommunications And Technology Sectors. ●Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries . ●Saudi Arabia Also Pledged To Help Nigeria Strengthen The Naira And Support Food Security In Nigeria. SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc who are…

Nov

2023

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By Abia ThinkTank

President Tinubu Plans To Establish Industrial Hubs Across 36 States And FCT

Abuja, Economy, FGN, News Flash

💥BREAKING Presiden Bola Ahmed Tinubu Plans To Establish Industrial Hubs Across The 36 States And FCT. ●This Industrial Hubs Will Create Thousands Of Jobs For Nigerians And Tackle The Rising Unemployment In The Country. Detailed Programs will be made available soon the Presidency said SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc who are involved in the above events and others not mentioned during this Xmas period to reach out and showcase their event to the entire world at highly subsidized rate. PACKAGE:…

Nov

2023

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By Abia ThinkTank

The Sad Reality Of Nigeria In The Technological Space – By Nnate Ernest

Columns/Opinions/Letters, Economy, Information Technology, News Flash

THE SAD REALITY OF NIGERIA IN THE TECHNOLOGICAL SPACEBY NNATE ERNEST Nigeria is the most populous black nation with talented and beautiful individuals. Nigeria's 2023 population is estimated at 223,804,632 people at mid-year and equivalent to 2.78% of the total world population, which signals a good place for foreign investment and great use of technology. Nigeria may be able to boast of having the most number of tech startups in Africa but lags in several other significant areas. Due to poor infrastructure, inadequate planning and weak policies by the government, Nigeria has not been able to make any substantial progress…

Nov

2023

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By Abia ThinkTank

President Tinubu Will Shock Currency Speculators – Dr Tope Fasua, Special Adviser To The President On Economic Matters

Abuja, CBN/Commercial Banking, Economy, News Flash

Special Adviser to the President on Economic Matters, Dr Tope Fasua, said that President Tinubu Will Shock Currency Speculators. He cautioned Nigerians who are hoarding foreign currencies with the hope that the local currency would continue to fall, warning that the policies of the government would shock them. Fasua who represented the Vice President, Kashim Shettima, at the event said: “For those who are speculating and praying and wishing that the currency would become nonsense, I believe that the policies are being rolled out by the central bank and the government that I serve, led by the President, will shock…

Nov

2023

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By Abia ThinkTank

President Tinubu Meets Islamic Development Bank Management, Negotiates Multi-Billion Dollar Funding Package For Infrastructure

CBN/Commercial Banking, Economy, FGN, News Flash

President Tinubu Negotiates Multi-Billion Dollar Funding From Islamic Development Bank President Bola Tinubu has secured a multi-billion dollar infrastructure funding package from the Islamic Development Bank (IDB) to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. This was disclosed in a statement by presidential spokesperson Ajuri Ngelale on Tuesday. The development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of the IDB, Dr. Mansur Muhtar, in Mecca, Saudi Arabia, on Monday night, the statement revealed. See the press release below:PRESIDENT TINUBU MEETS ISLAMIC DEVELOPMENT BANK…

Nov

2023

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By Abia ThinkTank

Saudi Investment In Nigeria Will Create Job Opportunities, Lift Millions Out Of Poverty – Dr. Betta Edu

Economy, Humanitarian, News Flash

💥BOOM “Investors will take their money in, do business in the best of environment, get the best return on investment and take their money out without any challenge. That wrong perception of corruption and issues with doing business in Nigeria is gone” - President Tinubu Saudi Investment in Nigeria Will Create Job Opportunities, Lifts Millions Out Of Poverty-Dr. Betta Edu Saudi Trade & Investment Minister, Khalid El-Falid “ we are not coming to Nigeria for exploratory talks but coming for implementation” investment is sure from Saudi Arabia. Nigeria is open for business, I can assure you. You will get the…

Nov

2023

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Just-In: Dangote Set To Refund $4.89B To CBN

Business, CBN/Commercial Banking, Economy, News Flash

BREAKING NEWS Dangote set to refund $4.89B to CBN.The expected rapidly appreciating Naira is set to gain more value as the Chairman and CEO of Dangote Refinery is set to refund $4.89B out of the laundered FX during Emiefele's regime as the CBN Governor.A total of over $12B was set to have been laundered by the world's richest black man during this period.FX speculators are set for a surprise decline in dollars to Naira exchange over the next few days as a result of this refund. Similarly, the lien on the $11B of the federal reserve has been lifted on…