FGN - Abia ThinkTank News

Sep

2023

Gov Otti Attends National Economic Council Meeting In Abuja

GOV OTTI ATTENDS NATIONAL ECONOMIC COUNCIL MEETING IN ABUJA. Abia State Governor, Dr. Alex Otti OFR, yesterday, attended the 136th meeting of the National Economic Council (NEC) held in the Council Chamber of the Presidential Villa, Abuja. The Governor represented by his Deputy, Engr Ikechukwu Emetu had a successful meeting which centered on the nation's economic affairs and was chaired by the Vice President, Senator Kashim Shettima. Highlights of the meeting are: Presentation of accounts, including; Excess Crude Account, Stabilization Account and Development of Natural Resources Account. Categorization of States based on degrees of damage on impact of Flood and…

Sep

2023

0 Comments

By Abia ThinkTank

Igbo Legacy Calls On Federal And State Governments To Alleviate Sufferings And Pains Of Nigerians

South East, FGN, Politics

Press Release: IGBO LEGACY CALLS ON FEDERAL AND STATE GOVERNMENTS TO ALLEVIATE SUFFERINGS AND PAINS OF NIGERIANS Owerri, 27th September 2023 – Igbo Legacy, a leading non-profit organization dedicated to promoting the welfare and development of the Igbo people and the Nigerian nation as a whole, is deeply concerned about the alarming sufferings and silent deaths experienced by Nigerians across the country. We urgently call upon the Federal and State Governments to take immediate action and address this humanitarian crisis that is plaguing our nation. Dr. Kelechi Kenny Uzoma, convener Igbo Legacy has emphasized the urgent need to address the…

Sep

2023

0 Comments

By Abia ThinkTank

Independence Day Anniversary Speech: Tinubu To Announce Palliative Package For Nigerian Workers.

FGN, Labour, People & Events

TINUBU TO ANNOUNCE PALLIATIVE PACKAGE FOR WORKERS ON INDEPENDENCE DAY Baring last minute changes, President Bola Tinubu will announce a palliative package to enable Nigerian workers cope with the fuel subsidy removal during his Independence Day speech on October 1. This, according to Olajide Oshundun, spokesperson of the Ministry of Labour, is part of efforts toward preventing the planned nationwide strike by the organized labour. AttNews reports that labour unions in the country had declared an indefinite strike with effect from Tuesday, October 3, to protest the alleged failure of President Tinubu’s government to provide post-subsidy palliatives for workers. But…

Sep

2023

0 Comments

By Abia ThinkTank

FG Announces Date To Commence New Cash Transfer To 15 Million Nigerians

FGN, Economy

FG Announces Date To Commence New Cash Transfer To 15 Million Nigerians The Federal Government is set to launch a new cash transfer program targeting fifteen million households starting from October. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, announced this development during an interview on Arise TV on Monday. She emphasized that this program aims to provide tangible financial support to individuals for starting businesses and enhancing their quality of life. Edu also mentioned that the Federal Government will collaborate with state governments and local communities in the process of verifying the National Social Register. She explained…

Sep

2023

0 Comments

By Abia ThinkTank

Fuel Subsidy: NLC Declares Indefinite Nationwide Strike

FGN, Labour

Fuel Subsidy: NLC Declares Indefinite Strike Nationwide, Says FG Failed To Meet Demands AttNews reports that following the Federal government’s refusal to accede to the demands of the Nigeria Labour Congress (NLC), the NLC has no option than to go on a Nationwide indefinite strike. The strike was officially announced on Friday by Benson Upah, the NLC’s Director of Information and Public Affairs. The union, which had started a two-day strike, stated that the Federal Government’s failure to accept the unions’ demands during the 14-day deadline that had passed today was the reason for the decision. Upah stated in a…

Sep

2023

0 Comments

By Abia ThinkTank

Fuel Subsidy: Strike Looms As NLC’s Ultimatum Expires Today

Economy, FGN, Labour

Fuel Subsidy: Strike Looms As NLC’s Ultimatum Expires Today The ultimatum of the Nigeria Labour Congress (NLC) to the Federal Government to address the effect of the removal of fuel subsidy on Nigerians expires today. The leadership of the union are expected to meet next week to decide when to begin an indefinite nationwide strike. However, there are reports that the Vice President, Kashim Shettima has meeting some government personnel on how to avert the strike. According to Vanguard, the Minister of Finance, Wale Edun, and the Minister of Labour and Employment, Simon Lalong, alongside the Vice President, are putting…

Sep

2023

0 Comments

By Abia ThinkTank

Umahi Decries Poor East-West Road Construction, Orders Immediate Suspension

FGN, Works

Umahi Decries Poor East-West Road Construction, Orders Immediate Suspension The Minister of Works, Dave Umahi, has passed a vote of no confidence in the contractors handling the East-West Road project. During an inspection of the road on Wednesday, Umahi lamented the state of the road despite the N71 billion sunk into its rehabilitation by the Federal Government. He said, "Let me pass a vote of no confidence in this road. I wouldn't certify anything on this road. The road has completely failed and it is totally not acceptable to us. "The worst is that we have seen the places we…

Sep

2023

0 Comments

By Abia ThinkTank

Emefielegate: DSS Investigating Fraud Of $50 Billion Involving Olam International And Its Subsidiaries With CBN

Economy, FGN

President Bola Ahmed Tinubu is still cleaning up the mess left behind by Buhari and Emefiele during the last administration. The Department of State Services (DSS) is actively investigating a substantial economic fraud case involving Olam Nigeria Limited, Olam International, and nine subsidiary companies, with a total estimated value exceeding $50 billion. This investigation centers on a series of foreign exchange transactions dating back to 2015 when these companies reported approximately $34 billion as capital imports to the Central Bank of Nigeria (CBN). Instead of using these funds for legitimate investments in the Nigerian economy, they engaged in speculative foreign…

Sep

2023

0 Comments

By Abia ThinkTank

Our Prosperity Will Derive Directly From Our Diversity Of Talent And Culture From Across Nigeria, President Tinubu Tells Nigerians In India

FGN, Economy

STATE HOUSE PRESS RELEASE OUR PROSPERITY WILL DERIVE DIRECTLY FROM OUR DIVERSITY OF TALENT AND CULTURE FROM ACROSS NIGERIA, PRESIDENT TINUBU TELLS NIGERIANS IN INDIA President Bola Tinubu, who is currently in India for the G-20 Summit, shared his conviction with Nigerians during an interaction with them on Thursday evening.The President called on Nigerians to harness the country’s rich diversity as a uniquely powerful tool for advancing prosperity and national development for the benefit of all citizens, emphasizing that our diversity must be leveraged to drive economic growth, innovation, and social progress. “We are here to present a new future…

Sep

2023

0 Comments

By Abia ThinkTank

“This Is The Best Time To Invest In Nigeria”: Tony Elumelu Tells Indian Investors

Business, FGN

Tony Elumelu Tells Indian Investors: “This is the Best Time to Invest in Nigeria” Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by H.E. President Bola Ahmed Tinubu. Heirs Holdings Group Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to seize the opportunity to invest in Nigeria, during the Nigeria-India Presidential Roundtable and Conference on Wednesday, September 6th, 2023, in New Delhi, India, jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council…