Economy Archives - Page 45 of 95

Feb

27

2024

On The Flip Side Of The Geometric Miracle Of 24/7 Light In Aba

Abia State, Business, Column, Economy, Metro, News, OpinionAbia State, Business, Economy, Odo Ijere

By Odo Ijere The commissioning yesterday of the Aba Independent Power Plant project designed and built by Professor Barthlomew Nnaji's Geometric Power Ltd over a 20 years period was indeed a shining armor spotted in a thick cloud. It started as a developing story that was too difficult to imagine to be true. A fairy tale sort of stuff of the Cinderella fame. But turning out to be true that at last, something good came out of the tribe of Benjamin. Thus, Aba, the Enyimba City, the pearl of the Eastern States, the elephant of the Igbo miracle, the engine…

Feb

26

2024

By Amos Oge Kalu

Ohanaeze youths to NLC: Don’t take your protest to Igbo land.

Abia State, Economy, Lifestyle, Metro, NewsMetro, Nigeria, Politics, Security

Ohanaeze Ndigbo, the most prominent Igbo socio-cultural organisation, has warned the Nigeria Labour Congress (NLC) not to hold any kind of demonstration in Igbo territory. It will be recalled that the NLC had planned nationwide demonstrations against the hardships facing the nation on February 27 and 28. However, Mazi Okwu Nnabuike, the national president of Ohanaeze Ndigbo Youth Council Worldwide, stated in a statement made available to journalists on Monday that the NLC protest will not take place in any part of Igbo land. Ndigbo, according to Okwu, had been subjected to a number of unfair treatment in Nigeria. He…

Feb

26

2024

By Amos Oge Kalu

Aba makes history today as Tinubu unveils the Geometric Power plant.

Abia State, Business, Economy, Metro, NewsAba, Business, Economy, Metro

President Bola Tinubu will today officially open the first integrated power plant in Nigeria, the Geometric Power Plant, located in the Osisioma Industrial District of Aba. Aba is the commercial centre of Abia State. Turbine 3 was turned on at 3:39 p.m. on Sunday, February 25, 2024, in anticipation of the Power plant's commissioning. This event caused a great deal of joy for the engineers of Geometric Power and their colleagues at KS Energy. President Bola Tinubu was originally supposed to inaugurate the 181-megawatt Geometric Power facility on Saturday, February 24. Nine out of the seventeen Local Government Areas in…

Feb

25

2024

By Amos Oge Kalu

The Incessant Foreign Travels Of Mr President Is Turning To National Embarrassment – Opinion

Column, Economy, Lifestyle, News, Opinion, PoliticsBola Ahmed Tinubu, Odo Ijere, Opinion, Politics

By Odo Ijere. The note verbale leaked message between the Qatari Foreign Mission in Nigeria and the Ministry of Foreign Affairs is both very clear and apt message of rejection. The international community are using all manner of diplomatese to express their reservations over presidential tourism from Nigeria. What you perhaps do not know is that presidential visits is always a big deal and puts enormous diplomatic pressure on host nations. But why are Nigerians especially personnel of the Ministry of Foreign Affairs always too fixated about foreign visits in the midst of economic uncertainty in their own country? But…

Feb

25

2024

By Amos Oge Kalu

Naira vs USD: Peter Obi criticises Tinubu govt over misguided raid on BDCs

Business, Economy, Metro, News, PoliticsBDCs, Bola Ahmed Tinubu, DSS/EFCC, Economy, Next Level, Opinion, Peter Obi

The Labour Party's 2023 presidential candidate, Peter Obi, believes it was a bad idea for the Economic and Financial Crimes Commission (EFCC) to raid Bureau De Change operators in several major Nigerian cities. On Sunday, Obi revealed this in a statement posted on his official X account. Recall that EFCC agents raided BDC operators in the Federal Capital Territory, Lagos, Kano, and other states in an attempt to save the Naira from ongoing swings against the US currency. Peter Obi, however, responded to the news by stating that the government of President Bola Ahmed Tinubu might have made matters worse…