AkinfeAyo's blog

10 things I would do with the $8bn saved from the scrapping of the petroleum subsidy were I in Bola Tinubu’s shoes

Ayo Akinfe

[1] Nigeria currently spends $8bn a year out of her paltry $30bm annual budget subsidising petrol marketers. As a nation we simply cannot afford this. One does not need to be genius to realise that it is not sustainable

[2] Most Nigerians are rightly scared about the inflationary impact the subsidy removal will have, so I believe these fears can be negated if the cash is used to fund infrastructural development that will improve their lives in other areas

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Glasgow Rangers have their bid for Cyriel Dessers rejected by Cremonese as inadequate

GLASGOW Rangers have had their bid for Super Eagles striker Cyriel Dessers rejected by his Italian club Cremonese who considered the offer not substantial enough as they want at least £6m for the forward.

 

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Tinubu has to do something big to announce that Nigeria is open for business. He should either host another Festac or hire a business cruise liner and get it to sail to all over the world selling Nigeria as an investment destination

Ayo Akinfe

[1] In this post-coronavirus era, Nigeria and most other African countries are staring into the abyss. Our reality is that the prices and exports of our primary commodities have collapsed and as we manufacture very little, we are looking at huge debts and massive balance of trade deficits

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I shall be waiting to see who Tinubu appoints as agriculture minister as the person will be central to any industrialisation programme the government is planning

Ayo Akinfe

[1] Within four years we will need to raise maize output from the current 10m tonnes to match Mexico’s 28m tonnes

[2] Increase tomato production from the current 4m tonnes to match Pakistan’s 16.6m tonnes

[3] Increase rice production from the current 6m tonnes to match Thailand’s 25m tonnes

[4] Raise sugarcane production from current 1.3m tonnes to match South Africa’s 15m tonnes

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Given the legislative backgrounds of Gbajabiamila and Akume, I expect them to formulate a coherent animal husbandry policy for Tinubu that looks something like this

Ayo Akinfe

[1] Nigeria currently has about 20m head of cattle. We should aim to double this to at least 40m by 2025 through an ambitious programme of industrial production, aggressive ranching, the provision of veterinary services and the provision of security for livestock

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Fayemi denies reports that he is under investigation for corruption saying he visited EFCC as a courtesy

FORMER Ekiti State governor Kayode Fayemi has refuted reports that he is under probe by the Economic and Financial Crimes Commission (EFCC) over an alleged N4bn ($8.65m)  fraud case claiming that he has no case to answer.

 

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Gbajabiamila appointed as chief of staff to the president with George Akume becoming SGF

OUTGOING speaker of the Federal House of Representatives Hon Femi Gbajabiamila has been appointed as the new chief of staff to President Bola Tinubu as part of a flurry of new appointments.

 

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Brighton look to sign Super Eagle Calvin Bassey during the summer transfer window

ENGLISH Premier League side Brighton and Hove Albion are weighing up a move for Super Eagles defender Calvin Bassey as a possible replacement for Levi Colwill who they may be unable to sign from Chelsea during the summer transfer window.

 

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At yesterday’s meeting with his security chiefs I hope Tinubu was able to reach an agreement with them to proceed with a policy which looks something like this

Ayo Akinfe

[1] Given that the Nigeria Police Force (NPF) is totally overwhelmed by the security situation, it is crystal clear that we need at least one new layer of security. As things stand, the NPF lacks the capacity to respond to distress calls and attacks taking place up and down the country because it is hopelessly overstretched

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Flying Eagles qualify for U20 World Cup quarter final with shock win over hosts Argentina

NIGERIA'S Flying Eagles have qualified for the quarter finals of the ongoing U20 World Cup in sensational style by knocking out hosts Argentina in a dramatic 2-0 win last night thanks to two second half goals from strikers Ibrahim Muhammad and Haliru Sarki.

 

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