Reports have surfaced that the Abia State government actually paid $3.56m as an equity stake in the recently inaugurated Aba integrated power project (IPP) owned by the Geometric Power Group. The amount was part payment for $5 million (N1.975 billion) equity stake offered to Abia State, leaving a balance of N565 million or $1.44 million…
Investors have begun to trickle into Aba, Abia State, immediately after the launch of Geometric Power Project in Aba. According to reports, Taiwanese Directors of Maxxis Tyres visited traditional rulers in Ukanku Community in Ukwa East LGA, Abia State to inspect lands where they are set to build a full scale tyre production plant. Production…
Abia State Government is to relaunch the Abia State Social Identification Number (ABSSIN) on Saturday, March 2, 2024. ABSSIN, an initiative of the state government, is part of the government’s strategy to enhance social protection and inclusion of the citizenry. The State Commissioner for Information and Culture, Prince Okey Kanu who disclosed this in a…
In its bid to restore the aesthetic value and master plan of Abakaliki Capital City, the ministry of Capital City and Urban Development, on Wednesday, demolished over 30 illegally constructed shops and containers mounted in unauthorized areas within the metropolis. Speaking during the demolition exercise at Central Park axis, Ochudo Centenary city, the Commissioner for…
Abia State Governor Alex Otti has expressed concern over the devaluation of the naira, attributing it to the excessive printing of money by the Federal Government. During a interview a television interview, Governor Otti emphasized the need for financial discipline. He criticized the practice of printing large amounts of money without a corresponding increase in…
The Minister of Power, Adebayo Adelabu, has called on states to be involved in the country’s power distribution and supply. He stated this on Wednesday during a meeting with Forum of Commissioners of Energy, made up of energy commissioners in the country. “When each of the States starts getting involved, there would be healthy rivalry…
It has been a period of scare for Point of Sale Operators popularly called POS operators in Ebonyi state as gunmen have again killed a man in the retail cash business named Louis Enoshi. The deceased was a native of Umuogudu-Akpu, Ngbo in the Ohaukwu local government area of the state. According to sources in…
The federal government Proscribed Indigenous People of Biafra, IPOB, has denied reports that the Military destroyed camps belonging to the Eastern Security Network, ESN, around Eke Ututu market in Orsumoghu, Ihiala Local Government Area of Anambra State. IPOB charged the Nigerian Government to stop linking ESN to acts of criminality. In a statement signed by…
President Bola Tinubu’s nominee from the South East to the board of the Central Bank of Nigeria (CBN), Urum Kalu Eke, has declined the offer stating that he is currently engaged with the World Bank and other international financial institutions. The nominee was reported to have said that his role as a member of the…
It has been 48 hours of uninterrupted power supply residents of Aba, the commercial nerve centre of Abia state Abia State following the commissioning of the Aba Geometric Power Plant for business. On Sunday, one of the four turbines at the plant was switched on and since then, some sections of Aba have been enjoying…
