AkinfeAyo's blog

Petrol prices expected to drop as a result of agreement between Ipman and Dangote refinery

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.

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10 things Nigeria needs to do starting from next year if we want a repeat of the 1970 feat when we witnessed a 25% growth in GDP

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

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NLC gives all state governors Dec 1 deadline to pay new minimum wage of face strike action

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.

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Sometimes, the quest for office can lead people to engage in regrettable rhetoric. Now that Kemi Badenoch has been elected, let us hope she retraces her steps and reminds Britain that these 10 things should have been in place before Oct 1 1960

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

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With China cutting back on its borrowing, President Tinubu needs to set very ambitious foreign direct investment targets for 2025

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

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New terrorist organisation known as Lukarawas emerges in Sokoto State killing 15 in Kebbi

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.

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Until we elevate our level of thinking and get set to think the unthinkable as befits our status as the world's largest black nation, poverty and under-development will remain our ID card

Ayo Akinfe

[1] I have always maintained that the first step towards making Nigeria a better place is to elevate the level of thinking of its people. So long as our immediate priorities are the accumulation of private wealth, going to heaven, building churches and mosques in each street corner, enjoying owambes, amassing SUVs, throwing lavish parties in Dubai and celebrating our ethnic differences, we will remain an impoverished people

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Nigerian government launches new single digit interest loan scheme for SMEs in bid to create jobs

NIGERIA'S federal government has approved a N75bn ($44.63m) loan scheme with a 9% interest rate for 75,000 small businesses as part of an ambitious programme to  kick-start the economy and create jobs.

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With inflation destroying the lives of the common man in Nigeria, pushing the price of basic foodstuffs beyond the reach of the working class, it is time to split our agriculture ministry into two

Ayo Akinfe

Cash crops

[1] Oil palm

[2] Cocoa

[3] Groundnuts

[4] Cotton

[5] Jute

[6] Rubber

[7] Coconuts

[8] Shea nuts

[9] Cashews

[10] Neem

Food crops

[1] Cassava

[2] Yam

[3] Vegetables

[4] Fruit

[5] Tomatoes

[6] Pepper

[7] Maize

[8] Sorghum

[9] Millet

[10] Rice

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Eguavoen names 23-man squad for Nations Cup qualifiers against Benin and Rwanda

SUPER Eagles head coach Augustine Eguavoen has unveiled his squad list for the upcoming 2025 Africa Cup of Nations qualifiers against Benin and Rwanda taking place later this month with Taiwo Awoniyi and Tanimu Benjamin being dropped.

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