NIGERIA suffered from a 50% drop in foreign direct investment (FDI) during the course of 2020 as capital inflows plummeted to a meagre $9.68bn representing a four year low according to figures just published by the National Bureau of Statistics (NBS).
Due to the debilitating effects of the coronavirus pandemic, global...
Ayo Akinfe
(1) General Motors
(2) Ford
(3) Chrysler
(4) John Deere
(5) Dell
(6) Boeing
(7) Prizer
(8) Tyson Foods
(9) Hewlett Packard
(10) Nike
We need about $50bn in foreign direct investment in 2021 to save us from economic strangulation. If these companies come to Nigeria, it will create about 1m new jobs...
Ayo Akinfe
(1) Top marks to President Biden for hitting the ground running with his economic stimulus plan on day one. It is very impressive and shows he was ready for office long before he was sworn-in
(2) I fully expect the US Congress to pass his economic stimulus bill. Reading through the proposals, it is clear that if you...
NIGERIA only attracted 4% of the $75bn foreign direct investment (FDI) ploughed into Africa's oil and gas sectors during the four year period between 2015 and 2019 according to the Lagos Chamber of Commerce and Industry (LCCI).
Despite being Africa's oil and gas producer and the sixth biggest crude oil exporter in the world,...
Ayo Akinfe
Nigeria needs to attract at least $50bn in foreign direct investment (FDI) in 2021 to avoid total economic collapse. Where on earth we are going to get it from I do not know and I am surprised that nobody is even talking about it at the moment.
Waiting for investors to just come to Nigeria is utopian thinking. We should...African News
Ayo Akinfe
(1) In 2019, US foreign direct investment (FDI) worldwide totalled $5.96trn
(2) Within the US itself, FDI during that period totalled $246bn, with about $125bn of this coming from Japan
(3) Every industrialised nation worldwide takes FDI very seriously because it opens up new markets for their goods, creates ancillary...
Ayo Akinfe
(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...
Ayo Akinfe
(1) Why has his government not clamped down on Boko Haram with the same ruthlessness as it did the Shiites and Ipob
(2) Why are Fulani herdsmen not being subjected to the same venom as #EndSARS protesters
(3) Why is this government investing all this money in Niger Republic when even President Buhari’s Katsina...
Ayo Akinfe
(1) I have studied the recent report just published by the Nigerian Bureau of Statistics and from everything I can see, the economy looks set to shrink by between 9% and 10% during the course of 2020 as a result of the Covid-19 pandemic
(2) Anyone thinking the government can bail the country out is...
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