Economy

Economy

Oct
07
2025
By Amos Oge Kalu
State Government Releases Abia’s Statutory Earnings From Federal Allocation.

State Government Releases Abia’s Statutory Earnings From Federal Allocation.

Abia State, Economy, News, Opinion, Politics, ,
Records from the Office of the Accountant-General of the Federation - https://oagf.gov.ng/publications/faac-report/ JANUARY 2025 (Naira)FAAC - 11.2 BillionJAAC - 6.8 BillionTOTAL = 18 Billion FEBRUARY 2025 (Naira)FAAC - 13.7 BillionJAAC - 8.3 BillionTOTAL = 22 Billion MARCH 2025 (Naira)FAAC - 13.4 BillionJAAC - 7.7 BillionTOTAL = 21.1 Billion APRIL 2025 (Naira)FAAC - 13.0 BillionJAAC - 7.3 BillionTOTAL = 20.3 Billion MAY 2025 (Naira)FAAC - 13.9 BillionJAAC - 7.6 BillionTOTAL = 21.5 Billion JUNE 2025 (Naira)FAAC - 13.8 BillionJAAC - 7.9 BillionTOTAL = 21.7 Billion As a further breakdown to educate a former Commissioner for Finance who doesn't know how Federal…
Read More
Oct
06
2025
By Amos Oge Kalu
“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

Business, Economy, Metro, News, Opinion, Politics, , ,
Vice President Kashim Shettima has called on Nigerians to respect and protect the multibillion-dollar investment of Africa’s richest man, Aliko Dangote, describing it as essential to the nation’s economic stability and growth. He emphasized that the 650,000-barrel-per-day Dangote Refinery represents a national asset critical to Nigeria’s industrial expansion and global competitiveness. His remarks came amid the recent industrial action by oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of about 800 unionized employees. The strike was later suspended after the intervention of Labour Minister Muhammad Dingyadi and National Security Adviser…
Read More
Oct
06
2025
By Amos Oge Kalu
To The No Six Without No Six: Ben Kalu And His Claim Of N38 Billion Father Christmas Gift

To The No Six Without No Six: Ben Kalu And His Claim Of N38 Billion Father Christmas Gift

Abia State, Economy, News, Opinion, Politics, , ,
The highest statutory allocation your State has gotten from FAAC and JAAC is N17 billion and N9 billion respectively, totalling N26 billion as the statutory allocation shared by a committee called the Federation Account Allocation Committee (FAAC) and not a gift from a benevolent Father Christmas. The N26 billion figure is the highest in the last 28 months. It has been hovering between N18 and N21 billion, and the records are with the Accountant-General of the Federation's Office with their portal open to public access. If the No. 6 wants to take over the State which is within his democratic…
Read More
Oct
05
2025
By Amos Oge Kalu
Your Attack On Igbo Investment Since 1999 Unprecedented – Ohanaeze Tackles Sanwo-Olu As Over 2,753 Igbo Properties Demolished In Lagos.

Your Attack On Igbo Investment Since 1999 Unprecedented – Ohanaeze Tackles Sanwo-Olu As Over 2,753 Igbo Properties Demolished In Lagos.

Business, Economy, Metro, News, Opinion, Politics, , ,
Ohanaeze Ndigbo, the apex Igbo sociocultural organization, feels it is essential to address, with unwavering clarity, the troubling actions undertaken by the Lagos State Government under Governor Babajide Sanwo-Olu. We demand an immediate halt to all demolition activities specifically targeting Igbo investments within Lagos State. These actions are not merely administrative; they appear to be a calculated political vendetta aimed at systematically undermining the economic contributions of Igbo residents in Lagos, potentially forcing them to leave the state ahead of the 2027 elections. Ohanaeze Ndigbo strongly condemns the recent demolitions of shops and structures at the Trade Fair Complex in…
Read More
Oct
05
2025
By Amos Oge Kalu
Hon. Ben Kalu, Southeast Representatives Accused Of Sycophancy Towards Tinubu?

Hon. Ben Kalu, Southeast Representatives Accused Of Sycophancy Towards Tinubu?

Abia State, Amos Oge Kalu, Economy, News, Opinion, Politics, , , , , , , ,
A public analyst and political commentator has responded to recent comments made by the Deputy Speaker of the Federal House of Representatives, Rt. Hon. Benjamin Okezie Kalu. Kalu asserted that the rapid development occurring in Abia State under Governor Alex Chioma Otti, OFR, should be credited to President Bola Ahmed Tinubu, who has allocated significant funds for these projects. In a reaction posted on Facebook, Udumeze Ukwu remarked, "Considering the widespread demolitions and destruction of Igbo properties in Lagos, Hon. Ben Kalu has not deemed it necessary to address the issue in the House, apparently wanting to maintain a favorable…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.