Economy

Abia Transport Revolution: Umuahia Central Bus Terminal Set for Commissioning

Abia Transport Revolution: Umuahia Central Bus Terminal Set for Commissioning

By Ebere Uzoukwa, PhD Umuahia is set for a major shift in urban mobility as the state prepares to commission the Umuahia Central Bus Terminal, a pioneering facility expected to redefine public transportation across Abia State. The project represents a significant milestone in the government’s ongoing efforts to modernise infrastructure and restore order to the transport system. Conceived as a world class intermodal hub, the terminal is equipped with organised loading bays, spacious passenger lounges, digital ticketing infrastructure, robust security and surveillance systems, and ample parking space. It is also designed to support the state’s expanding fleet of electric buses,…
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Why CBN Recapitalization May Not Drive Real Sector Growth — Oyedokun

Why CBN Recapitalization May Not Drive Real Sector Growth — Oyedokun

A professor of accounting at Lead City University, Godwin Oyedokun, has cautioned that the recently concluded bank recapitalisation exercise by the Central Bank of Nigeria (CBN) may not automatically stimulate growth in Nigeria’s real sector. Speaking in an interview on Wednesday, Oyedokun acknowledged the significance of the recapitalisation programme but warned against assuming it would directly improve credit access, especially for small businesses and informal operators. The CBN had earlier announced the successful completion of its recapitalisation initiative, which commenced in March 2024 and ended on March 31, 2026. According to the apex bank, 33 financial institutions met the new…
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Hon Ibe Okwara Osonwa Flags Off 2026 Empowerment, Poverty Alleviation Programme In Arochukwu/Ohafia Federal Constituency.

Hon Ibe Okwara Osonwa Flags Off 2026 Empowerment, Poverty Alleviation Programme In Arochukwu/Ohafia Federal Constituency.

The Member Representing Arochukwu/Ohafia Federal Constituency, Ibe Okwara Osonwa will on Thursday April 2 2026 formally flag off his 2026 Empowerment and Poverty Alleviation Programme in Ohafia Abia State. The event scheduled for 11:00 a.m. at the Ohafia Local Government Area Secretariat, Ebem Ohafia is part of the lawmaker’s ongoing constituency intervention initiatives targeted at strengthening livelihoods and expanding economic opportunities for constituents. Governor of Abia State Alex Otti is expected to attend as Special Guest of Honour, while the Deputy Governor, Ikechukwu Emetu will participate as Guest of Honour. The programme will feature the distribution of a wide range…
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Abia’s Investment Momentum and a Fresh Vision for Abia South

Abia’s Investment Momentum and a Fresh Vision for Abia South

There is a noticeable shift happening in Abia State. More investors are beginning to look in our direction. Businesses are showing interest, and conversations are moving from complaints about stagnation to discussions about growth and opportunity. It is a moment that demands leadership with clarity and direction. Engr. Chinedu Onyeizu has openly expressed optimism about this new wave of investor interest in Abia. For him, it is not just good news—it is a signal that Abia South must prepare itself to benefit deliberately and strategically. He believes that when a state begins to attract attention from investors, every senatorial district…
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As Gov. Otti Advances Industrialization, Job Creation with Commissioning of Ultimum Beverages Plant in Osisioma

As Gov. Otti Advances Industrialization, Job Creation with Commissioning of Ultimum Beverages Plant in Osisioma

By Ebere Uzoukwa, PhD The commissioning of the Ultimum Beverages Plant in Osisioma LGA on Wednesday, 25 March, marks a major milestone in Governor Alex Chioma Otti’s drive to industrialize Aba and Abia State. The event highlights his administration’s commitment to boosting industrial growth, creating jobs, and positioning the state as a vibrant hub of economic activity and investment. At the core of Governor Otti’s industrial strategy is the revival of dormant industries acquired from the Asset Management Corporation of Nigeria (AMCON), including the Star Paper Mills in Owerrinta and Aba. These long-inactive facilities are being rehabilitated and prepared for…
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