LAGOS State government is seeking private sector support to boost the revenue it generates from the coconut industry to N350bn ($850.8m) annually from the current N76bn raised primarily through the export of primary produce.
Nigeria is currently the world’s number 19 coconut producer with a disappointing output of 288,615...
NIGERIA suffered a trade deficit of over $35trn ($85bn) when it came to manufactured goods during the four years between 2017 and 2021 as she spent N40.94trn on imports and only generated N4.22tn from exports during the period.
According to data obtained from the Foreign Trade Report of the National Bureau of Statistics...
Ayo Akinfe
We should aim for annual double digit economic growth between 2023 and 2030. If we enjoy 10% growth every year for a decade, it will increase Nigeria's GDP to over $1trn
In 2014, when we enjoyed our highest export revenue generation, receipts totalled $102bn. That year we had a trade surplus of about $1.5bn....
NIGERIA has been listed by the World Bank as one of the three countries on the planet with the highest rate of electricity deficit alongside Democratic Republic of Congo and Ethiopia as well as being among the top 20 countries that lacks access to clean fuel.
In what is a major impediment to its development, Nigeria only...
Ayo Akinfe
Nigeria's economic and human development indicators will be compared annually with those of other Mint nations like Mexico, Indonesia and Turkey and Brics nations like Brazil, India, Russia, China and South Africa, to ensure we never fall behind
At the moment, Nigeria's human development index is on a par with...
Ayo Akinfe
Our herdsman crisis can only be resolved by opening cattle ranches. We need to attract about $5bn to build six mega ranches with accompanying leather tanneries, milk processing plants, veterinary clinics and animal feed compounders
In Turkey, they used Islamic finance to build a Eurostar-type railway tunnel under the...
Ayo Akinfe
We should aim for annual double digit economic growth between 2021 and 2030. If we enjoy 10% growth every year for a decade, it will increase Nigeria's gross domestic product (GDP) to over $1trn, freeing up money for all those social amenities currently beyond the reach of our people
In 2014, when we enjoyed our...
Ayo Akinfe
(1) Foreign direct investment - Aim for $50bn annually. When Mark Zuckerberg last visited, did we get him to commit to a minimum annual investment figure
(2) Development grants - I have lost track of how many billions are available through bodies like Unesco, Unicef, WHO, WTO, World Bank, etc
(3) Federal government...
Ayo Akinfe
(1) Once more the planet needs the help of the world’s largest black nation Nigeria as we are faced with a climatic and ecological crisis. As should always be the case, the giant of Africa needs to come to the rescue of humanity
(2) Indonesia and Malaysia have run out of land as the need for socio-economic...
Ayo Akinfe
(1) China- 12.6bn
(2) India - 2.1bn
(3) Brazil- 895m
(4) Vietnam- 760m
(5) Indonesia - 660m
(6) Pakistan - 295m
(7) Thailand - 245m
(8) Mexico- 245m
(9) Italy - 205m
(10) Turkey - 175m
With a population of 200m people, surely Nigeria must manufacture at least 400m shoes a year. Maybe this is just a case of poor...
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