Prof Ibe: A soothing balm for Abia – Ohanaeze member, Dr Okwenna
Despite being a constituent state of the Niger Delta region that enjoys 13 per cent derivation from oil revenue aside from the monthly FAAC allocations and Internally Generated Revenue (IGR), Abia is still not rated among the financially healthy states in Nigeria. Bizarrely, her full basket of natural resources is yet to change her fortune and that of her citizenry. With over 100 oil wells and three installed flow stations that produce approximately 40,000 barrels of crude oil per day, Abia State remains on financial life support. The scowls on people’s faces explain the frustration and growing disenchantment with the…