Ayo Akinfe
The federal government will fund the construction of 12 technical vocational training colleges in Aba
Nigeria’s Bank of Industry will open five branches in Aba
No Aba manufacturer will be charged more than 5% on any loans taken out
Any new manufacturer opening up in Aba will get a five year tax holiday
...
Ayo Akinfe
Nigeria needs to attract at least $50bn in foreign direct investment (FDI) in 2022 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...
Ayo Akinfe
Nothing is as responsible for Nigeria's current socio-economic woes as the federal revenue allocation formula. It has made us dependent on one primary commodity, stifled economic growth and inhibited productivity. I am hoping that Charles Soludu will initiative the process that will eventually slay this dragon. If by say...
Ayo Akinfe
President Buhari was at another investment summit in Saudi Arabia this week. I am yet to hear of him signing any major Islamic finance deal while there
Upon assuming office in 2015, President Buhari actually enjoyed a lot of international goodwill with Nigeria being invited to every capital in the world. However, all...
Ayo Akinfe
Nigeria shall have a gross domestic product (GDP) target of $1.5trn by the year 2030 with the aim of unveiling an annual budget of $300bn. According to the African Development Bank, Nigeria has an annual infrastructural deficit of $100bn. We have to set ourselves the target of narrowing that gap significantly,...
Ayo Akinfe
Fellow Nigerians,
(1) We shall be opening one mechanised division of the Nigerian Army in each of the 19 states of northern Nigeria to combat insecurity, terrorism, kidnapping, banditry and the murderous Fulani herdsmen
(2) During the course of 2021, we will establish at least one battalion of the Nigerian Army in...African News
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...
Ayo Akinfe
(1) With oil prices in the doldrums and the Dangote refinery poised to take over as Nigeria’s main source of petrol products, this is the time to cannibalise the NNPC and convert it into an industrial concern
(2) Dangote’s Lekki refinery has effectively made the three dormant NNPC refineries needless. We have to now...