VICE president Professor Yemi Osinbajo has revealed that Nigeria needs to attract a minimum of N2.3trn ($6bn) in capital investment annually over the next 30 years if the nation wants to confront her infrastructural deficit problems.
Despite having a population of over 200m, Nigeria only has a gross domestic product (GDP) of...
Ayo Akinfe
(1) I often wonder if there is any agency in Nigeria monitoring global product development. What I have in mind is a body of intelligent men and women who follow demand and supply fundamentals and then make sure Nigeria reacts to them accordingly
(2) For instance, the global rubber industry was valued at $40.77bn in 2019...
Ayo Akinfe
(1) One of the hallmarks of a visionary leadership is its ability to multi-task. When it comes to running your economy, this means diversification, whereby you expand into several sectors at the same time as China and India are currently doing so successfully
(2) Nigeria’s biggest failure as a nation has been her...
Ayo Akinfe
(1) This year, about one third of Nigeria’s $33bn annual budget shall be funded by borrowing. We simply do not generate enough wealth as a nation to raise a paltry $33bn despite having a population of 200m
(2) Sadly, Nigeria is a mono-economy with about 95% of government revenue coming from crude oil exports. With...
Ayo Akinfe
(1) Al Rajhi Bank of Saudi Arabia
(2) Dubai Islamic Bank of the United Arab Emirates
(3) Kuwait Finance House of Kuwait
(4) Maybank Islamic of Malaysia
(5) Qatar Islamic Bank of Qatar
(6) Alinma Bank of Saudi Arabia
(7) Abu Dhabi Islamic Bank of United Arab Emirates
(8) Masraf Al Rayan of Qatar
(9) Al Baraka...
Ayo Akinfe
(1) Is it just me but the more I think about this nonsensical herdsmen saga, the more confusing it gets. These incessant clashes are a lose-lose situation for everyone but alas, some deranged people, particularly the Miyetti Allah Cattle Breeders Association of Nigeria (Macban), keep pressing the self-destruct...
Ayo Akinfe
(1) India - 5.9m km
(2) Brazil - 1.75m km
(3) South Africa - 750,000 km
(4) Thailand - 702,210 km
(5) Indonesia - 542,310 km
(6) Turkey - 445,000 km
(7) Mexico - 393,473 km
(8) Iran - 291,014 km
(9) Pakistan - 263,942 km
(10) Nigeria - 193,200 km
We have our work cut out as neither our road nor...
Ayo Akinfe
(1) Worldwide, about 80m hectares of irrigated lowland rice provide 75% of output
(2) Irrigated rice is grown in bunded fields or paddies, which are surrounded by a small embankment that keeps the water in. Our Niger Delta is tailor-made for this kind of rice production
(3) Rainfed lowland rice is grown in river...
NIGERIAN leading airline Air Peace has stepped up its expansion into the international market with the launch of an 11-hour non-stop flight between Lagos and the Jamaican city of Montego Bay this week.
Yesterday, the maiden flight left the Murtala Mohammed International Airport in Lagos for Jamaica according to Stanley...
Ayo Akinfe
(1) The jumbo pay packages of our lawmakers are an affront to any decent society
(2) The impunity with which corrupt people are running the country. Orji Uzor Kalu was convicted of fraud by a court but remains a senator, while Abdullahi Ganduje was caught red handed receiving bribes yet remains a governor
(3) This...
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