Ayo Akinfe
Unlike anywhere else in Nigeria, Lagos requires federal infrastructure as it accounts for one quarter of Nigeria's gross domestic product (GDP), one third of non-oil GDP, attracts about 70% of foreign direct investment (FDI) and half of all Nigeria's cars ply Lagos roads
With a population of about 15m, Lagos is the...
AS many as 32 of Nigeria's 36 states did not attract one dollar in foreign direct investment (FDI) during the first quarter of 2022 according to a recent report just published by the National Bureau of Statistics (NBS).
Apparently, only Lagos, Oyo, Katsina and Anambra and the Federal Capital Territory (FCT) attracted any FDI...
Ayo Akinfe
Now that the presidential primaries are over, I think it is time to discuss this matter of economic growth. Nigeria is forecast to have a mere 2% gross domestic product (GDP) growth rate over the coming years, which is wholly inadequate
Between 1999 and 2015, our average economic growth rate was about 6% per annum,...
Ayo Akinfe
At the moment, Nigeria is the UK’s fastest growing export market. We want to see this grow dramatically with an annual foreign direct investment (FDI) target of $1bn for British investors in Nigeria?
According to Britain’s Department for International Development (DfID) UK-Nigeria trade was worth £3.4bn in 2016....
Ayo Akinfe
We do not need loans or grants but proper foreign direct investment (FDI) to build up our industrial capacity. Consequently, all recent coronavirus-related loans must be written off
Nigeria needs at least $100bn of FDI annually. International development agencies must agree to press industrialised countries to offer...
ALL Progressives Congress (APC) presidential candidate Pastor Tunde Bakare has promised to attract $2trn in foreign direct investment (FDI) annually into the Nigerian economy if elected as president next year.
Pastor Bakare, 67, who is the general overseer of the Latter Rain Assembly church, was President Muhammadu...
NIGERIA and the UK have signed a foreign direct investment (FDI) agreement worth $300m aimed at boosting British support for small and medium sized enterprises in Nigeria that will lead to the creation of about 5,000 jobs.
This deal was signed in London today with minister for industry, trade and investment, Otunba Niyi...
FOREIGN direct investment (FDI) into Nigeria fell by a whopping $331.2m to $698.78m in 2021 compared with the sum of $1.03bn recorded in 2020 according to figures just released by the National Bureau of Statistics (NBS).
It is not yet clear why there was such a huge drop but the NBS report, titled Nigerian Capital...
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