Economy Archives - Page 11 of 69

Sep

13

2025

Revenue target: What might have been! – By abiodun KOMOLAFE

Business, Economy, News, PoliticsBola Ahmed Tinubu, Economy, Politics

“Today I can stand here before you to brag: Nigeria is not borrowing. We have met our revenue target for the year and we met it in August”. That was President Bola Ahmed Tinubu, speaking in a recent address to key political figures. Tinubu announced that Nigeria had met its revenue target for 2025 ahead of schedule and would no longer rely on borrowing to fund its budget. He attributed the feat to strategic economic reforms that were focused on the non-oil sector. The president asserted that Nigeria's economy is now on a predictable and stable path, that the era…

Sep

12

2025

By Amos Oge Kalu

Aba Business Community Raises Funds For Security Trust Fund, As Gov. Otti Announces Commissioning Of Port Harcourt Road By President Tinubu

Abia State, Economy, Metro, News, PoliticsAbia State, Alex Otti, Economy, Metro, Politics

Members of the Aba business community have raised millions of Naira to support Governor Alex Otti's Security Trust Fund in the State. Addressing the business community at the Aba Stakeholders Security Trust Fundraising Launcheon held on Thursday, September 11th at the Aba Sports Club, Governor Otti said that his government recognises security as the bedrock of development. The Governor, restated that security occupies the centre stage of his Government and assured that he would not compromise on issues of security, adding that, no Kobo of the funds raised or other public funds would be mismanaged under his watch. "Security is…

Sep

11

2025

By Amos Oge Kalu

Gov. Otti Signs The Mini-Grid Framework Regulation Into Use In Abia State.

Abia State, Business, Economy, News, PoliticsAbia State, Alex Otti, Economy, Politics

Abia State Governor, Dr. Alex Otti, OFR, has signed into use the Abia Mini-Grid Regulation framework, a document aimed at opening and unleashing private sector-driven investment in the Abia State Electricity Generation and Distribution to the unserved and underserved communities across the State. Signing the memorandum of understanding on Wednesday, September 10th at the Banquet Hall of the Government House, Umuahia, Governor Otti said that the event is the climax of several months of planning, stakeholder engagements, confidence building, ideation, and reviews by policy experts, investors, and energy consumers. "We have gathered this afternoon to collectively adopt a new framework…

Jul

25

2025

By Amos Oge Kalu

Reps Ultimatum: CBN Governor Faces Arrest Threat Over N3.64 Trillion Debt

Business, Economy, News, PoliticsCBN, Economy, House of reps

The House of Representatives has issued a 14-day ultimatum to the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to settle a N3.64 trillion debt owed to the Federal Government. Failure to comply may result in a warrant of arrest being issued against him. According to the House Committees on Public Accounts and Public Assets, the debt represents 70% of an outstanding N5.2 trillion in unpaid operating surplus for the period spanning 2016 to 2022. The lawmakers emphasized that the CBN's non-compliance with the Finance Act 2020 has prompted this decisive action. The CBN has been directed to transfer unclaimed…

Jul

24

2025

By Amos Oge Kalu

Abia Govt Warns Against Extortion by Impersonators in Ohafia LGA And Across the State

Abia State, Economy, News, PoliticsAbia State, Alex Otti, Economy, Politics

The Abia State Government has issued a stern warning against the illegal collection of revenue by unauthorized individuals in Ohafia Local Government Area. The Deputy Governor, Engr. Ikechukwu Emetu,FNSE stated this while condemning the practice, saying that it undermines the trust between the government and citizens. According to reports, certain individuals have been impersonating government officials, collecting fees from motorists in Ohafia LGA without proper documentation or authorization. This has led to tensions in the Community, with some residents taking matters into their own hands. In a statement, the Deputy Governor emphasized that the Abia State Government does not authorize…