ANY hopes of Nigeria's chronic inflationary crisis easing appear to have been dashed after a recent consumer product index report released by the National Bureau of Statistics (NBS) showed a 1.18% monthly increase with inflation now standing at 33.88%.

According to the NBS, for the month of October, inflation rose from 32.70% in September. On a year-on-year basis, the headline inflation rate was 6.55% points higher than the rate recorded in October 2023 which was 27.33%.

Ayo Akinfe

[1] Nigerians have made a habit of hiding behind incompetent governments but for me, that is just a convenient excuse. If you have a crap government and an industrious people, you can generate enough wealth to address most of your socio-economic problems

SEVERAL English Premier League clubs have stepped up their interest in Victor Osimhen as the January transfer window looms in the hope of signing him from Italian giants Napoli by the end of the year.

Ayo Akinfe

[1] No matter how you look at it, the world’s largest black nation should be seated at the G7 table. At some stage it is inevitable Nigeria will be because we live in a changing world. For instance, China is now the world’s second largest economy, so a G-7 meeting without Beijing present is comical. Nigeria’s seat is just waiting for us to occupy it one day

NIGERAN petrol prices are expected to fall over the coming days as a result of a decision by the Independent Petroleum Marketers Association of Nigeria (Ipman) to commence the direct sale of produce from the Dangote refinery to members of the public.

Ayo Akinfe

[1] Build at least one silo in each of our 774 local government areas to store all our cash crops and food crops. We then need to build processsing plants around these silos with a goal of adding at least 50% value to every agricultural product we produce

[2] Get the Ajaokuta, Oshogbo and Aladja steel mills running at full capacity. Nigeria needs to produce at least 10m tonnes of steel a year

STATE governors have been given a December 1 deadline to start paying the new national minimum wage of N70,000 ($42) per month by the Nigeria Labour Congress (NLC) or face the prospect of industrial action.

Ayo Akinfe

[1] Nigeria's capacity to produce at least 5m tonnes of steel annually

[2] A machine tool manufacturing capability

[3] A double gauge railway network that linked up all her 40 provinces and could run at a speed of 120km per hour

[4] A minimum literacy rate of at least 25%

[5] A hydro-electric power capability to generate at least 5,000MW per year

Ayo Akinfe

[1] Food processing - $20bn
[2] Railways - $15bn
[3] Power generation - $10bn
[4] Automobile assembly plants - $10bn
[5] Steel production - $5bn
[6] Solid mineral processing plants - $5bn
[7] Pharmaceuticals - $5bn
[8] Leather processing - $5bn
[9] Green energy - $5bn
[10] Cosmetics and beauty products - $5bn

NIGERIA's defence headquarters has confirmed the emergence of a new terrorist organisation in Sokoto State known as Lukarawas that is making life unbearable for residents across the northwest geo-political zone.