As we reel from the effects of the travel apartheid, I have been wracking my brains to look for a solution to the problem of the African being regarded as sub-human. No matter how you look at it, this prejudice and bias will never go away until we have an African economy that sits at the high table of humanity
I have been wracking my brain endlessly as the 2023 elections loom, trying to figure out how Nigeria addresses her $100bn annual infrastructure deficit and alas, I can only come up with one solution - Putinomics!
Putinomics is basically what you could term forced local direct investment (FLDI). It involves the...
By Ayo Akinfe
In 1986 that former Nigerian military dictator Ibrahim Babangida launched the Structural Adjustment Programme (Sap). I cannot think of one policy that ruined Nigeria as much as Sap as it simply destroyed numerous state parastatals like the Nigerian Cocoa Board, Nitel, Nigerian Airways, Nigerian National...
10m tonnes of steel
20m pre-paid electricity metres
5m electricity transformers
20m mobile phone handsets
2m automobiles must be assembled locally
10m flatscreen TV sets
10m tonnes of maize
5m tonnes of sugar
10 tonnes of rice
50m pairs of footwear
1,000 railway carriages
20bn kg of milk
(1) Ensure that annual gross domestic product (GDP) is never below 10%. Single digit growth should be considered recessionary
(2) Attract a minimum of $50bn in foreign direct investment (FDI) annually
(3) Hold monthly meetings with the 36 state commissioners of trade & industry and ensure that they each attract a...