AkinfeAyo's blog

Ayo Akinfe

[1] 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, maybe by half, over the next four years

DANGOTE Industries' urea fertiliser is now finally on sale nationwide across Nigeria with about 120 trucks ferrying supplies from its new Lekki plant to markets up and down the country on a daily basis.

NIGERIA is enjoying a mini boost in its trade with the rest of the African continent after recent statistics showed that the country exported primary commodities worth about $2.48bn to South Africa over the last 24 months.

FORMER Economic and Financial Crimes Commission (EFCC) chairman Mallam Nuhu Ribadu has joined several former world leaders and the heads of other global anti-graft agencies in calling for the establishment of an International Anti-Corruption Court (IACC).

NIGERIA looks set to benefit from the supply of more doses of the coronavirus vaccine after the Group of Seven (G7) nations approved a $650bn loan to the International Monetary Fund (IMF) to purchase more shipments for developing countries.

NIGERIAN Army commanders have told the remnants of terrorist sect Boko Haram to lay down their arms and surrender as they are now a spent force following the death of their leader Sheikh Abubakar Shekau.

Ayo Akinfe

[1] Given that Nigeria's average revenue from crude oil exports totals about $50bn a year, four other sectors of the economy must each match this figure by the year 2025. They should include agriculture, manufacturing, tourism and solid mineral extraction. Our aim should be to generate at least $300bn in export earnings annually

NATIONAL Hajj Commission of Nigeria (Nahcon) officials have announced that there will be no religious pilgrimage to Saudi Arabia in 2021 for the second year in a row pointing out that the suspension of operations in the wake of Covid-19 remains in place.

WASHINGTON has stepped up the pressure on President Muhammadu Buhari to rescind his recent ban on the use of Twitter across Nigeria pointing out that such restrictions have no place in a democratic government.

Ayo Akinfe

[1] By 2025, Nigeria wants to get all new industrial concerns to generate their own power. No new industrial start-ups will from henceforth be dependent on the national grid for their power supply. We want companies in G7 nations to bear this in mind when coming to Nigeria