Nigeria lost about $30bn annually between 2005 and 2019 to revenue leakages according to recent report

NIGERIA lost a total of about $30bn annually between 2005 and 2019 to revenue leakages according to a recent report by the Joint House of Representatives Committee on Finance Banking and Currency.

 

Share

Senate president says Nigeria has no option but to keep borrowing for infrastructural development

SENATE president Senator Ahmad Lawan has revealed that Nigeria has no option than to keep borrowing money to fund infrastructural projects because the country is poor and does not generate enough wealth internally.

 

Share

Dangote wary about plans by NNPC to buy a 20% stake in his new Lekki refinery

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.

 

Share

Nigerian councillors of Igbo extraction in the UK meet to demand London acts over killings

NIGERIAN local government councillors of Igbo extraction in the UK have held a meeting where they drew up demands for the British government in response to the growing violence in their geo-political zone in a bid to pressurise Abuja to address the crisis.

 

Share

British mission denies Nnamdi Kanu was arrested in the UK with sources saying it was Addis Ababa

BRITAIN'S high commission to Nigeria has denied claims that Indigenous People of Biafra (Ipob) leader Nnamdi Kanu was arrested in their country following his recent deportation to  face treason charges.

 

Share

With 61% of Nigerians in the US over 25 holding a first degree we have a potential foreign direct investment goldmine which needs to be tapped into with a robust programme that looks like this

Ayo Akinfe

[1] Nigeria's federal government needs to set them a foreign direct investment (FDI) target of about $5bn a year

[2] All this diaspora investment needs to be protected by the Local Content Act, which guarantees duty-free access to the Nigerian economy

Share

Tinubu considers calling off his 2023 presidential bid after failing to secure Buhari's support

ALL Progressives Congress (APC) national leader Asiwaju Bola Tinubu is reported to be considering dropping his 2023 presidential ambition plans amid glaring signs that President Muhammadu Buhari is not in support of his candidacy.

 

Share

Nnamdi Kanu arrested and arraigned in Nigeria where he will now face trial

INDIGENOUS People of Biafra (Ipob) leader Nnamdi Kanu has been arrested and deported to Nigeria where he will now face prosecution for jumping bail and his outstanding treason charges.

 

Share

Iswap and Boko Haram agree to join forces and form a united front against Nigerian military

REMNANTS of the terrorist sect Boko Haram have teamed up with the resurgent Islamic State of West Africa Province (Iswap) to take on the Nigerian military in the fight for control of the northwest of the country.

 

Share

As part of an ambitious industrialisation programme, we should turn Ore, the gateway between western and eastern Nigeria into a mega commercial city with a masterplan that looks like this

Ayo Akinfe

[1] A 170 metre Ferris Wheel will be built there- This will make it the largest in the world and it will be solar-powered (High Roller, the one in Las Vegas is 167.6 meters and currently holds the world record). Also, no Ferris Wheel anywhere on earth is solar-powered as ours will be

[2] The Ondo State government will build 1,000 warehouse units and 500 housing units at Ore. This will halve the trips for those travelling from the east to Lagos and vice versa

Share

Pages

Subscribe to Ayo Akinfe | Bookshop RSS