Abia State Ministry of Finance

Abia State Ministry of Finance Committed to driving fiscal responsibility, management, and sustainable economic growth
for Abia state.

Smart money habits start with making the most of what you have. Here are practical financial tips to help you manage you...
01/07/2026

Smart money habits start with making the most of what you have. Here are practical financial tips to help you manage your resources wisely, spend intentionally, and plan for a more secure future.

We hope you find them helpful! 💡

Happy New Month from the Information Department, Ministry of Finance: Wishing All Staff a Month of Productivity, Progres...
01/07/2026

Happy New Month from the Information Department, Ministry of Finance: Wishing All Staff a Month of Productivity, Progress, and Prosperity

ABIA STATE MINISTRY OF FINANCE NEWSLETTER | MAIDEN EDITIONOur maiden edition highlights key activities of the Ministry, ...
24/06/2026

ABIA STATE MINISTRY OF FINANCE NEWSLETTER | MAIDEN EDITION

Our maiden edition highlights key activities of the Ministry, including Governor Alex Otti’s advocacy for alternative revenue generation and the successful in-service training programme aimed at enhancing staff capacity, productivity, accountability, and service delivery.

Transparency. Accountability. Service. Building a Greater Abia Together.

Photo newsToday's in house capacity building program organized for staff of ministry of finance from SGL 02 and above by...
22/06/2026

Photo news
Today's in house capacity building program organized for staff of ministry of finance from SGL 02 and above by the management of the ministry.

Happy democracy day,from management and staff of ministry of finance.
12/06/2026

Happy democracy day,from management and staff of ministry of finance.

OF FREEDOM AND DEVELOPMENTBeing the Text of the 2026 Democracy Day Speech by Governor Alex C. Otti, OFR, on Friday, June...
12/06/2026

OF FREEDOM AND DEVELOPMENT

Being the Text of the 2026 Democracy Day Speech by Governor Alex C. Otti, OFR, on Friday, June 12, 2026

1. The most appealing promise of democracy is the allowance for plurality of opinions, the freedom to interrogate ideas and the opportunity for periodic reflection. This day presents to us, members of the Nigerian community, a special invitation to evaluate our pace on the democratic track, interrogate assumption and estimate our measure of progress on 2 fronts, first, since the dawn of the Fourth Republic in May 1999 and more importantly, over the last 33 years following the annulment of the 1993 presidential election won by Chief Moshood Kashimawo Olawale Abiola, GCFR. The point of looking back is not to cast blames or point fingers for subpar outcomes but to shape behaviour and reset priorities. Millions of our compatriots are disillusioned, the gulf between the pre-1993 expectations and the lived experiences of many is widening and as I said on this day 12 months ago, it would be uncharitable to dismiss the legitimate concerns of the men and women who bear the brunt of these contradictions. Even then, we shall be removing ourselves from the promises of the future if only we stay fixated on the frustrations of the present. Yes, a lot may have gone wrong but there is still so much to fight for — for ourselves and those coming after.

2. The years between 1993 and 1999 were defined by the courage and resilience of our compatriots who made very difficult sacrifices to remove Nigeria from the shackles of military dictatorship; they held nothing back, not even their lives. A great price was paid to restore democracy to this land. It then follows that we have to regularly remind ourselves that the rights, freedom and privileges we enjoy today are borne from the toil and tears of thousands of men and women who refused to give in to the threats and shenanigans of military dictatorship. Many of the warriors who fought through multiple trenches to defeat the terror of leadership by the barrel of the gun are no longer with us but in their passing, they left us eternal lessons in courage, patriotism and faith. It is fitting that a day like this is set aside to honour the memories of these brave patriots and fighters and to remind all of us, the living, that the struggle for freedom and development remains unfinished.

3. Many of us have lived through the setbacks and disappointments of the Fourth Republic but it would be defeatist to give in to the cynicism of the hour; agreed that we could have done a lot better on several critical development frontlines, with particular respect to the welfare and security of the population, I, however, do not share the pessimism of those who insist that it has been all doom and gloom. Even then, it is important to make it clear that it is not democracy that has failed, we have only been let down by the errors in our independent and collective decisions. The blame for the disappointments of the post-1999 years belongs entirely to us, as leaders and citizens, not to democracy or its foundational principles. Those who came ahead of us were unyielding in their conviction that democracy is the only genuine vehicle for national development and millions of us today still hold strongly to the same idea but as I had said before, the advantage of democracy itself is the freedom to interrogate even the assumptions that we hold most dearly. As we mark the 2026 Democracy Day celebration, we are duty-bound to rethink our disposition to the ideals and values that sustained the pro-democracy efforts of the last decade of the 20th century here in Nigeria.

4. We do not look back to remain stuck in the past but to identify the points of disconnect between the dreams of yesterday and the reality of the hour. The exploits of our heroes past are proofs that we are capable of great things. The men and women who gave their last full measure of devotion that democracy may flourish in our country deserve our eternal gratitude for lighting the torch of liberty that we now carry forward. The pioneers who charted the path we tread upon in the present age came from all walks of life; they were statesmen, soldiers, lawyers, journalists, teachers, business moguls, traders, students, artisans, housewives and just about anyone with an ounce of patriotism in their veins. If they could defy threats of imprisonment, loss of personal and family fortunes and death in the pursuit of their conviction, what then is our excuse? In honour of their collective memory, we are called to continue the never-ending struggle of the pursuit of liberty and justice.

5. Democracy in itself is not an end; the ultimate goal is to build a free society where the rights of individuals are never up for negotiation. We have a definite responsibility to resist those who profit from misery; terrorists and merchants of public anxiety, by whatever name they go by, have no place in our land. We must, therefore, deploy every legitimate tool at our disposal to confront the nightmare of terrorism which steal lives, shatter dreams and make refugees of vulnerable people, especially children. Beyond the troubling invasion of violent crimes in our public life, we must also not lose sight of the factors that enable extremism. The time is now ripe to effectively denounce the evil of economic and political greed, sectarianism and other behavioural dispositions that are incompatible with democratic values and principles. The heroes of the June 12 struggle came from diverse ethnic and religious backgrounds but were united in the compelling philosophy that democracy held superior proposition for the actualisation of the dreams of our founding. The baton has been handed to us to continue the struggle for which many paid the ultimate price; it is only right that we rise collectively to renounce the forces that are in opposition to this assignment.

6. Democracy is not ideal because it is perfect, it is preferable for the simple reason that there are no superior alternatives. Our reflection on this day should therefore go beyond the well-known limitations and imperfections of democracy but instead focus on how we can make the most of the range of freedom that a democratic system of government offers. Intolerance and other expressions of extremism are antithetical to the course we have taken but again, we are also not bereft of legitimate channels of expressing whatever grievances that we hold. Therefore, there is practically no need to engage in violent conducts just to be heard. I am particularly glad that for all the setbacks we have experienced over the last 7 electoral cycles since the beginning of the Fourth Republic, periodic elections have now become a standard feature of our democratic practice. Every 4 years, citizens get the opportunity to elect those who will function in different elective posts across the states and in Abuja. We may have a reason or two to disagree with the outcome of an election but the mere fact that we get the opportunity to return to the polling stations every 4 years tells an important story of how far we have come in the last 27 years of unbroken democracy.

7. At any rate, elections are a plain waste of resources if they are only conducted as a matter of periodic ritual; the truest measure of the validity of any election is expressed in how its outcome reflect the aspirations and preferences of an informed voting population. Even then, it has also been established, especially in older democracies, that the only guarantee of the credibility of any polling exercise is the vigilance of the citizens, without which, anything is possible. The task for us, as we continue preparations for another round of elections next year, is to rise to the duties of active citizenship, pay attention to the events and developments within the polity, challenge every attempt to manipulate the will of the people before, during and after the conclusion of polls. The only reward for electoral indifference is misery so the price of inattentiveness is too steep that none of us, however wealthy, can afford. An abiding lesson of the multi-year struggle for the restoration of democracy is that no authority, however powerful, has the latitude to eternally resist the resolute will of the people. May I also use this auspicious occasion to announce to us that we strip ourselves of the right to accountable governance when we begin to accept bribes from politicians and political parties for votes; the same thing also happens when we offer ourselves as instruments of violence or perhaps sell our platforms to those who promote bigotry, hatred or sectarian triumphalism. When we do any of these or engage in conducts that dim the bright flame of freedom that democracy promotes, we simply become one with those who desecrate the sacred trust of public office in pursuit of narrow objectives — we become conspirators!

8. In our push for change however, it is important to realise that the outcome we seek may not manifest overnight for progress is a marathon, not a dash. We would do well to appreciate the pitfalls of believing those who make impossible promises, politicians whose desperation for power blind them to obvious realities. We must, however, reject the excuses that characterise inaction or mask patterns of incompetence for even while progress may not happen overnight, they need not take eternity, especially in the face of existential threats. Ultimately, indolence and democracy cannot go together for progress, which is an essential fruit of democracy, requires collective vigilance — an ever-present readiness to interrogate outcomes, demand accountability and insist that only the best is good enough for our community.

9. In Abia, democracy has empowered us to take control of our destiny. Yes, we have been served the short end of the stick a few times but the good news is that our refusal to give up did ultimately pay off. We are better today because we kept faith with democracy, refusing to be frustrated by the disappointments that attended previous endeavours. Through enormous investments in infrastructure, human capital development, public welfare, security and other frontlines of progress, we have demonstrated that freedom and genuine development need not be at conflict. The pride of our land is being restored, not by the benevolence of an individual dictator, but rather for the singular reason that our people took the opportunity that democracy offers to elect leaders who appreciate the thrust of public office. As one who bears the weight of the people’s trust, I am bound to thank you once again, umunne m ndi Abia, for finding us worthy to serve. Let me reiterate my commitment to the principles and aspirations that informed your trust and loyalty to this cause. May I assure that our progress is irreversible, we are never returning to the old order of mediocrity for the light has shone in our path. Just like I hinted, progress may be slow but need not be a mirage. As we prepare for the next round of general election, it is incumbent on all of us to be attentive to everything happening around us for democracy demands knowledge which is the foundation of informed decision-making. Remember a resolute commitment has been made to march forward as a community of people united by a common heritage and bound by shared dreams of the future, let the choices that we make reflect the sincerity of our conviction.

10. Thank you and may God bless you.

Dr. Alex Otti, OFR
Governor, Abia State
June 12, 2026.

GOVERNOR OTTI AT INVEST LAGOS 3.0 SUMMIT, WOOS INVESTORS TO ABIA MEDICAL CITY, INDUSTRIAL PARK, OTHERS.Abia State Govern...
09/06/2026

GOVERNOR OTTI AT INVEST LAGOS 3.0 SUMMIT, WOOS INVESTORS TO ABIA MEDICAL CITY, INDUSTRIAL PARK, OTHERS.

Abia State Governor, His Excellency, Dr. Alex Otti, OFR, has called on local and international investors to take advantage of the vast investment opportunities in Abia State, particularly the ongoing Medical City Project and the Abia Industrial and Innovative Park (AIIP), which are designed by his administration to reverse medical tourism, stimulate industrial growth, and accelerate economic development.

Governor Otti made the call on Monday, June 8, at Invest Lagos 3.0, the third edition of the flagship international investment summit hosted by the administration of Governor Babajide Sanwo-Olu in partnership with the Commonwealth Enterprise and Investment Council.

The summit, themed "Lagos: Business Gateway to Africa – Powering Africa's Next Era of Trade, Talent and Global Economic Leadership," brought together investors, policymakers, and business leaders from across the world.

While addressing participants during the investment pitches by invited State Governors, moderated by Zain Asher, CNN correspondent, Governor Otti said that the State needed more investment in her healthcare sector, noting that Abia’s healthcare sector has consistently received 15% of the annual budget of the State Government in the last 3 years, only second to education that received the highest allocation of 20%.

"Today we have been rated as the most health-prepared State (SBM, 2025 Report). That’s looking at how much money we have allocated per capita on healthcare. In the last 3 years, we have allocated 15% of our budget to healthcare.

“We have about 277 Primary Healthcare Centers that we have refurbished, and about 135 of them have been functionalized. We’ll keep functionalizing them as we get all the materials and the healthcare professionals.

“We have hired about 800 healthcare Professionals; some of them came from outside the State to work in Abia State. We have about 7 General Hospitals that we are rebuilding. And, we have the tertiary hospitals – the Abia State University Teaching Hospital in Aba, the Specialist Hospital in Amachara, and the one in Umunnato.

“Where do we need help? We need help in our vision to build a Medical City. We have acquired 200 hectares for it. We have prepared it; we’ve built the road. But we need about 1.3 Billion dollars to put that in place,” Governor Otti stated.

The State Chief Executive explained that the idea is to reverse medical tourism and get at least 200 million dollars out of the about 2 billion dollars that Nigerians spend annually on medical treatments abroad.

On the Abia Industrial and Innovation Park (AIIP) he said, “Another Area we need investment is in the Abia Industrial and Innovation Park… The Industrial Park is in Owaza where we have oil and gas,” Gov. Otti disclosed, stating that he will engage more with AFREXIM Bank, whose presentation at the summit dwelt more on investment in the building and development of Industrial Parks.

Governor Otti used the platform to highlight some of the key people-centered achievements of his administration, including the construction, reconstruction, and rehabilitation of 414 roads spanning about 864 kilometres, as well as ongoing work on 82 additional roads covering approximately 211 kilometres across the State.

The Governor drew the attention of investors to the enterprising and resilient nature of Abia people, noting that the State possesses a vibrant population with exceptional entrepreneurial capacity, capable of producing almost anything when provided with an enabling environment, especially reliable power supply.

He also spoke on the ongoing transformation of the major commercial hubs in the State, including the reconstruction of Ekeoha Market and the comprehensive modernization of Ariaria International Market, alongside other strategic markets.

Governor Otti further highlighted the restoration of near 24-hour power supply within the Aba ring-fenced area, covering nine local government areas. He explained that his administration, working closely with the Federal Government through the Office of the Vice President, Senator Kashim Shettima, successfully resolved longstanding challenges that delayed the take-off of the multi-million-dollar Geometric Power Project in Aba for many years.

Governor Otti informed the participants that discussions have also advanced with the Enugu Electricity Distribution Company (EEDC) to replicate the Aba power model in Umuahia and the remaining parts of the State. He added that the establishment of the Abia State Electricity Regulatory Agency is part of a broader strategy to achieve stable electricity supply across the State and get the State completely off the national grid.

"We believe that Geometric, at maximum capacity of 188 megawatts, would have excess capacity, and we can just wheel it to Umuahia and other parts of the State. And by God's grace, in a few years, we should also guarantee 24 hours power supply in Umuahia and other local Governments.

"Now, why does this matter? It matters because a lot of manufacturers and industries, about 60-70% of their costs are in power and energy.

"I got a call from somebody yesterday that wanted to relocate a steel plant that had been built in another State.

"He is looking for where he can be guaranteed 24 hours of power supply, and I said, please come.
I have already allocated five hectares of land for the plant to be close to Geometric. So, the plant is going to move," Governor Otti disclosed.

The Governor equally talked about the launch of 20 electric buses in December last year, currently plying the whole State, with an additional 20, currently on their way to Abia from China, making it 40 electric buses with more to come in the coming months until the 100 target is achieved by the end of the year.

In the last 3 years, Abia has rapidly emerged as an attractive investment destination under Governor Otti's intentional leadership. In the agricultural sector alone, the State has attracted over $320 million in investments, with Presco Plc committing over $200 million to oil palm development and processing, while Nimble Shaw is committing about $120 million to similar investments.

KADJI Group, the parent company of Ultimum Limited, producers of razzle drinks, is investing about $100 million in their production facility in Aba, launched earlier this year with an initial investment valued at over $30 million. Governor Otti’s administration recently acquired the moribund Star Paper Mill Limited and the previously underutilized Afro Beverages facility in Aba from the Asset Management Company of Nigeria (AMCON), which investors are in advanced talks for full takeover from the Government.

The State is jointly developing an Airport project with the Federal Government. The runway being handled by the State Government is speedily progressing.

Governor Otti also recently approved the commencement of a feasibility study for the development of a proposed seaport in Ukwa East Local Government Area of the State. The move forms part of a broader economic strategy to position Abia as a major gateway for trade, commerce, and industrial development in the South-East and South-South regions of Nigeria.

The number one citizen of Abia State, thanked his Lagos State counterpart, Governor Babajide Sanwo-Olu, for accommodating other States in the Invest Lagos 3.0 summit to showcase the investment opportunities in their States and engage directly with the global investment community. He said that it may look simple, but “the truth is that, it takes a lot of selflessness” to do so.

The high-powered investment summit attracted an array of distinguished dignitaries, including the Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima, GCON, who delivered the keynote address; Hon Shirley Botchwey, Secretary-General of the Commonwealth; His Excellency Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA); and Lord Marland, Chair of the Commonwealth Enterprise and Investment Council (CWEIC).

Also in attendance were the Governors of Imo State, Nasarawa State, Plateau State, Enugu State, and Akwa Ibom State, alongside heads of global institutions, country representatives, federal ministers, and other key stakeholders from across the public and private sectors.

Ctz. UKOHA, NJOKU UKOHA
Chief Press Secretary to the Executive Governor of Abia State.
June 2026.

𝗔bia Soars in ease of doing business rankings.Abia State yesterday reinforced its growing reputation as one of Nigeria’s...
05/06/2026

𝗔bia Soars in ease of doing business rankings.

Abia State yesterday reinforced its growing reputation as one of Nigeria’s emerging investment destinations as the Presidential Enabling Business Environment Council (PEBEC) held its Nationwide Subnational Engagement and Technical Reform Workshop in Umuahia.

Speaking on behalf of Governor Dr Alex Chioma Otti, OFR, the Deputy Governor and Chairman of the Ease of Doing Business Council, Engr Ikechukwu Emetu , FNSE, said the administration has remained focused on removing barriers to enterprise, strengthening institutions and creating an environment where businesses can thrive. He noted that since 2023, the Dr Otti administration has pursued deliberate reforms in infrastructure, security, digital governance and public service delivery to restore investor confidence and accelerate economic growth across the State.

Engr. Emetu highlighted key achievements including the reconstruction of strategic roads linking markets, industrial clusters and commercial hubs, technology-driven security initiatives, expansion of digital infrastructure and the landmark Certificate of Occupancy in 30 Days policy, which has seen over 4,407 Certificates of Occupancy issued within three years.

He further disclosed that government has established One Stop Investment Centres in Aba and Umuahia, launched an Export Growth Lab in Aba, modernised land administration processes and invested heavily in human capital development through the recruitment of over 5,300 teachers and more than 600 healthcare workers. According to him, these reforms have positioned Abia as a competitive destination for investment, innovation and job creation.

In her remarks, Princess Zahrah Mustapha Audu, Director General of PEBEC, commended the collaboration between the Federal Government and subnational governments in driving economic reforms, stressing that stable policies, quality infrastructure and efficient institutions remain critical to attracting investment.

Also speaking, the Senior Special Assistant to the Governor on Ease of Doing Business, Barr. Agbonma Jennifer Okorafor revealed that Abia has moved from 32nd to 11th position nationally in Ease of Doing Business rankings and recently qualified for a World Bank supported facility after meeting critical performance benchmarks.

The workshop attracted top government officials, development partners, private sector leaders and stakeholders committed to advancing business reforms and economic competitiveness in Nigeria.

𝗖𝗼𝗺𝗿𝗮𝗱𝗲 𝗦.𝗢.𝗕. 𝗜𝗴𝘄𝗲
SSA to the Executive Governor of Abia State on New Media.
5 June 2026

GOV. OTTI ASSURES RMAFC OF SUPPORT FOR NATIONWIDE DATA VERIFICATION EXERCISE, CALLS FOR GREATER EMPHASIS ON REVENUE GENE...
04/06/2026

GOV. OTTI ASSURES RMAFC OF SUPPORT FOR NATIONWIDE DATA VERIFICATION EXERCISE, CALLS FOR GREATER EMPHASIS ON REVENUE GENERATION.

Abia State Governor, His Excellency Dr. Alex Otti, OFR, has assured the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) of his administration's full support for its nationwide data verification exercise aimed at reviewing and updating the data used in revenue allocation between the Federal Government, States, and Local government areas across Nigeria.

Governor Otti gave the assurance on Wednesday, June 3, 2026, in his office while receiving a delegation from the Commission who came for the verification excercise.

The Governor disclosed that relevant Ministries, Departments, and Agencies (MDAs) had already been directed to provide all necessary information and support required for the successful conduct of the exercise.

"We are happy that you are here on this National data verification exercise, and you can be assured that our team will provide you with all the support and information you require.

"The Honourable Commissioner for Finance and his team have been designated to pay attention to anything that you require. Information available to me is that we have been working well together, and I am sure that we will make your assignment seamless and easy," Governor Otti assured.

The State Chief Executive emphasized that while equitable revenue allocation remains important, greater attention should be given to strengthening internal revenue generation and building economically sustainable States.

Gov. Otti noted that excessive dependence on oil revenue poses long-term risks, especially, as global economies continue to transition away from fossil fuels. In his words, "I have always held the view that resource distribution and allocation is important, resource generation is even more important. We will continue to enjoy the part while it lasts.

"What I am saying is that, this is okay for now. But, a more fundamental issue is how do we make States independent and have them generate enough revenue just in case they have no money to share. It may not be today, but it will happen someday,” Governor Otti said.

The Governor also highlighted the resilience, creativity, and entrepreneurial spirit of the people of Abia State, encouraging members of the delegation to explore the State's commercial and industrial hubs in order to gain firsthand insight into its vast economic potential.

Earlier, the Team Lead and the Federal Commissioner representing Ekiti State at the Revenue Mobilisation Allocation and Fiscal Commission, Hon. Omowumi Ogunlola, who delivered the Chairman's address, said that the team was in Abia State for the formal commencement of the Nationwide data verification exercise being conducted across the Federation.

She appealed to the State Government to provide access to relevant data and records, designate competent liaison officers to work with the Commission's team, facilitate access to local government areas, and ensure a conducive environment for the exercise.

"Your Excellency, this visit formally marks the commencement of the critical National assignment of verifying and updating the data used in revenue allocation between the National Government, States and Local government areas.

"This exercise is being undertaken in line with the Commission's constitutional mandate under the 1999 Constitution, which empowers it to continuously review the revenue allocation formula to reflect changing realities," Ogunlola stated.

Ogunlola, who also congratulated and commended Governor Alex Otti for his achievements in governance, noted that Nigeria's revenue allocation system is built on a set of parameters and indices designed to ensure fairness, equity, and justice in the distribution of National resources.

"It is therefore imperative that the data underpinning these indices are periodically verified and updated to reflect present-day realities.

"The ongoing review of the revenue allocation formula has reached an advanced stage, making it necessary to validate the integrity and accuracy of the data that will ultimately guide the distribution of revenue across the Federation," she added.

Present at the meeting were the Chief of Staff to the Governor, Pastor Caleb Ajagba; the Commissioner for Finance, Hon. Uwaoma Ukandu; the Chairman, Board of Internal Revenue, Special Adviser on IGR, Dr Emmanuel Okpechi, Special Adviser to the Governor on Media and Publicity, Mr. Ferdinand Ekeoma; and the Mayor of Isiukwuato LGA and the ALGON Chairman, Hon. Chinedu Ekeke and his Aba North Local Government colleague, Hon Timothy Iheke.

Ctz. UKOHA, NJOKU UKOHA
Chief Press Secretary to the Executive Governor of Abia State.
June 2026

Happy New Month from the Ministry of Finance: Wishing All a Productive and Prosperous Month Ahead
01/06/2026

Happy New Month from the Ministry of Finance: Wishing All a Productive and Prosperous Month Ahead

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