Ayo Akinfe
In 2020, British prime minister Boris Johnson announced that he will be spending an extra £16.5bn ($21.9bn) on defence over the next four years. Nigeria needs some of that cash to create jobs, boost productivity and reduce our balance of payment deficit
Also, if the British outsource some of the work to us, it will...
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
Last year, the International Monetary Fund (IMF) published a report in which it warned that Nigeria’s debt-to-gross domestic product (GDP) ratio was growing at an alarming rate
Although borrowing is still within reason as the federal government’s external debt of $40bn is still less than 10% of GDP, the way it is...
Ayo Akinfe
Increasing generated power from the current 7,000MW to about 50,000MW through a variety of sources like wind, solar, thermal, gas, hydro and waste recycling
Initiating a Lagos Underground tube network. Lagos is the largest city in the world without an underground network. With 12m people and no metro, you will always...
Ayo Akinfe
According to Britain’s Department for International Development (DfID) UK-Nigeria trade was worth £3.4bn in 2016. President Buhari should demand that this be boosted to around £50bn over the next five years. There are sectors like power, automobiles, railways, healthcare, etc where Britain has a lot of...
NIGERIA'S minister of state for petroleum resources Chief Timipre Sylva has revealed that government subsidies in the sector have effectively ended with the passing of the Petroleum Industry Bill (PIB) by the National Assembly.
Earlier this month, Nigeria's National Assembly passed the long-awaited PIB, which among other...
AFRICA'S richest man Alhaji Aliko Dangote has expressed concern about plans by the Nigerian National Petroleum Corporation (NNPC) to purchase a 20% stake in his newly-opened Lekki refinery.
A 650,000 barrels per day integrated refinery and petrochemical project, the Dangote refinery in the Lekki suburb of Lagos costs $12bn...
Ayo Akinfe
(1) Hydro-electric generation plants that can bring total generated output to 50,000MW
(2) One 853km windmill farm that stretches along our Atlantic coastline from Badagry to Calabar
(3) Three mega solar farms in Borno, Katsina and Zamfara States to try and generate at least 10,000MW from solar power. No other country...
NIGERIA spent a total of $1.32bn on the importation of petrol and other petroleum derivatives in 2020 according to recent data just published by the Central Bank of Nigeria (CBN) despite being the world's sixth largest crude oil exporter.
Historically, Nigeria has produced 2.5m barrels of crude oil a day, the bulk of which...
Ayo Akinfe
(1) Ending the current insecurity epidemic. There are 6m weapons in the country at the moment and criminals are having a field day. This needs urgent addressing
(2) Putting out all the ethnic fires currently raging across the country. Ethnic mistrust is now such an issue, it virtually impossible to have any...
-SG (1).gif)
