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Abia State Governor, Alex Otti Is Ready to Sign MoU with Presco PLC on $200m Oil Palm Investment
Abia State Governor, Dr Alex Otti, OFR, says the State is ready to sign a Memorandum of Understanding (MoU) with Presco PLC, a market leader in oil production and processing in Nigeria and Ghana, to invest in oil palm production in Abia State.
Governor Otti stated this in his office while receiving in audience a delegation from Presco PLC led by its Chairman, Mr. Olakanmi Rasheed Sarumi.
The Governor explained that the next step would be the preparation and signing of the Memorandum of Understanding (MoU) between the State Government and Presco PLC to formally seal the partnership before proceeding to the flag-off of the project.
He acknowledged the State’s strong agricultural heritage, noting that plantation agriculture remains a viable pathway for economic expansion and job creation in Nigeria.
Governor Otti stated that the proposed 14,000 hectares plantation development could serve as a starting point, given Abia’s favourable topography and fertile land capable of delivering high agricultural yields.
He added that the State Government is committed to supporting investments that create employment, boost Gross Domestic Product (GDP), and positively impact the local economy.
“In principle, we are in agreement with you. I’m happy that you went back to history, to the days of Dr. Michael Okpara, who actually set up these farm settlements, including the Ulonna Farm Settlement.
“I think it’s a good way to start. I believe that 14,000 hectares may just be for a start because, like you rightly observed, we have the topography and we are blessed with the quality of land that would give you one of the highest yields,” Governor Otti stated.
The Governor assured that his administration is determined to restore Abia State to the golden era of the late Dr. Michael Okpara, when oil palm production formed the economic backbone of the then Eastern Region.
He commended Presco PLC for its thorough due diligence and the comprehensive proposal presented to the State Government, assuring the delegation that the government would facilitate land acquisition and provide the necessary security support for the project.
Governor Otti also reiterated that the State maintains a longstanding policy of paying adequate compensation to host communities to ensure peaceful and mutually beneficial development.
Earlier in his presentation, the Chairman of Presco PLC, Mr. Olakanmi Rasheed Sarumi, explained that the visit was driven by the company’s interest in expanding its operations into Abia State. He announced the company’s proposal to invest 200 million dollars in palm oil production and processing in the State.
Sarumi said the initiative is aimed at establishing Abia as a major palm oil processing hub in the South-East, noting that the vast industrial uses of raw palm oil would attract downstream industries into the State.
He described the proposed investment as a modern continuation of the agricultural revolution initiated by former Eastern Region Premier, Dr. Michael Okpara, whose farm settlement programmes transformed agricultural production in the region.
According to him, the project is expected to create over 5,000 direct and indirect jobs across plantation operations, milling, logistics and related support services, while providing employment opportunities for local youths, reducing rural-urban migration and stimulating development in host communities.
The Presco Chairman further disclosed that the company has identified Ozuitem, Abam and Ulonna as potential locations for the development of the palm plantation project.
Sarumi added that the project aligns with the vision of the Abia State Government to transform the State into one of Nigeria’s top three industrial plantation clusters by 2032.
He noted that once fully operational, the investment would contribute billions of naira annually to the State’s Gross Domestic Product (GDP) through agricultural output, tax revenues and expanded economic activities across small and medium-scale enterprises and local value chains.
“Our task to His Excellency and the State is to have this mutually beneficial relationship and facilitate the land acquisition for Presco Plc as well as security support to realise this development.
“Our investment here will add multi-billion naira annually to Abia State’s GDP through agricultural output, tax revenues and multiplier effects across SMEs and local value chains,” Sarumi stated.
Earlier in his remarks, the Group Managing Director of Afrinvest, Dr. Ike Chioke, commended Governor Otti for insisting on a thorough evaluation process before any partnership is finalised.
He revealed that the delegation’s visit followed discussions between the Abia State Government and Presco PLC in the first quarter of 2025 through the State’s Public-Private Partnership framework.
Chioke noted that the visit was both to deepen engagement with the State Government and to appreciate the Governor for the diligence taken in exploring the partnership.
The Commissioner for SME and Industry, Mazi Mike Akpara, was present during the meeting.
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Otti Commissions Additional 20 Electric Buses, Orders Daily Traffic Enforcement Till 10pm
Abia State Governor, Dr. Alex C. Otti, OFR, has commissioned another set of 20 electric buses for the Abia Green Shuttle Services, declaring that his administration will continue to modernise public transportation while making commuting safer, more affordable and environmentally friendly.
The buses were commissioned on Thursday, August 6, 2026, at the Nnenna Otti Bus Terminal, Umuahia.
Otti said the new buses would improve service delivery and expand the Green Shuttle’s operations to more destinations within and outside Abia. He also disclosed that buses with larger cargo capacity would be added, while automated access facilities for persons living with disabilities had been provided.

The Governor recalled that the first 20 electric buses were commissioned in December 2025 by the Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, and said the latest addition demonstrated his administration’s commitment to keeping its promises.
He said the choice of electric buses was driven by the need for cost-effective transportation, environmental protection and alignment with emerging global technology.
According to Otti, the public transport system has changed significantly in the last seven months, with the commissioning of the Nnenna Otti Bus Terminal, introduction of technology-driven payment systems, orderly queues and improved service reliability.
“The regular, everyday people are as deserving of dignity as everyone else,” the Governor said.

Otti Orders Traffic Enforcement Till 10pm
Otti directed the Abia State Road Traffic and Safety Management Agency (ARTSMA) and the Harmonised Taskforce to extend their operational hours to 10pm daily, including weekends, deploy more personnel and resources along major routes, and strictly enforce traffic regulations.
He warned that beating traffic lights, driving against traffic, overloading, irregular parking and other reckless acts would attract severe sanctions.
“Nobody has any right to endanger the lives and property of others through acts of recklessness, impatience or poor judgment,” he warned.
The Governor also ordered thorough investigation of suspected sabotage, vandalism and other criminal activities involving transport assets, directing that anyone found culpable should face the law.
He charged the Inter-Agency Transport team to ensure proper management of the buses, terminal and shelters, as well as staff welfare.
Otti urged residents to take their tax obligations seriously, stressing that timely payment of taxes would enable government to sustain its development programmes.
“We shall not be mere passengers in the vehicle of progress because we have the advantage to steer the wheels,” he said, reaffirming his administration’s commitment to building a modern transport system and a prosperous New Abia.

Earlier, the Commissioner for Transport, Dr. Chimezie Isaac Ukaegbu, described the event as a celebration of visionary leadership. He said the 20 new buses would expand intra-city and inter-city operations and promote cleaner air through zero-emission transport.
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Abia Government Cracks Down on Okada Operations in Major Cities, Violators Risk Arrest and Confiscation
The Abia State Government has announced a sweeping ban on commercial motorcycle operations, popularly known as Okada, within the metropolitan areas of Umuahia, Aba, and Ohafia, in a decisive move aimed at strengthening security, improving public safety, and enhancing urban transportation management.
The announcement was made in a statement issued by the Commissioner for Information, Prince Okey Kanu, who disclosed that Governor Alex Chioma Otti, OFR, has approved the prohibition as part of the administration’s broader efforts to create safer and more organized urban centres across the state.
According to the government, the ban took effect from,today, Monday, June 22, 2026, and all commercial motorcycle operators are required to immediately cease operations within the designated metropolitan areas.
The government explained that the policy is designed to address growing security concerns, reduce criminal activities often associated with the use of motorcycles in urban centres, improve traffic flow, and promote a more efficient and regulated transportation system.
To ensure full compliance, security agencies and relevant enforcement authorities have been directed to strictly enforce the directive. The government warned that any individual or operator found violating the ban would be arrested, while the motorcycle involved would be confiscated in accordance with the law.
“The Government calls on residents, transport operators, community leaders, and members of the public to cooperate fully with the authorities in the implementation of this directive, which is aimed at advancing the collective safety and development of the State,” the statement noted.
The administration further urged all affected operators and stakeholders to take immediate note of the directive and comply accordingly to avoid sanctions.
The ban marks another major policy intervention by the Otti administration in its ongoing efforts to improve security, orderliness, and the overall quality of life in Abia’s urban centres.
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MOUAU Debunks Rumoured Hoodlum Invasion, Assures Students And Parents Of Safety
The Management of Michael Okpara University of Agriculture, Umudike (MOUAU), has dismissed as false and misleading a report circulating on social media alleging that suspected hoodlums were planning to invade the institution’s campus.
In a statement issued by the Head of Public Relations and Protocol, Mr. Anyaso Anyaso, on behalf of the University Management, the institution described the report as unverified, unfounded, and deliberately crafted to create fear and panic among students, parents, staff, and members of the public.

According to the statement, the University’s security unit, in collaboration with relevant law enforcement agencies, has carried out thorough investigations and found no credible evidence to substantiate the alleged threat.
The Management reassured all stakeholders that the safety, security, and welfare of students, staff, and visitors remain its highest priority, emphasizing that adequate measures are in place to ensure a peaceful academic environment.
The statement further noted that the University’s security personnel remain on active duty round the clock and continue to work closely with the Nigeria Police Force and other security agencies to maintain vigilance across the campus.
As part of routine security management, additional patrols and precautionary measures have also been intensified to further reassure members of the University community.
Students and staff were advised to continue with their academic and official activities without fear, as there is no cause for alarm.
The University Management also cautioned the public against spreading unverified information capable of generating unnecessary panic, stressing that such actions undermine public confidence, divert security resources, and may escalate tensions unnecessarily.
Stakeholders were urged to rely solely on official communications from the University through its Public Relations Unit, official website, and verified social media platforms for authentic information and updates.
The Management expressed appreciation to parents, students, staff, and members of the community for their continued support and cooperation, reiterating its commitment to maintaining a safe, secure, and conducive environment for learning and research.
“Management remains committed to maintaining a safe, secure, and peaceful learning environment for all,” the statement concluded.
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