AkinfeAyo's blog

Nigeria suffers a 65% drop in foreign direct investment as inflows fall to record lows

NIGERIA suffered a 65% drop in foreign direct investment (FDI) during the second quarter of 2024 with revenue falling to a mere $29.83m making it the lowest quarterly figure ever recorded since records began in 2013.

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While President Tinubu is in the UK, I hope he finds time to carry out a detailed study of the London Underground network with a view to replicating it in several Nigerian cities

Ayo Akinfe

[1] Unlike anywhere else in Nigeria, Lagos requires federal infrastructure as it accounts for one quarter of Nigeria's gross domestic product (GDP), one third of non-oil GDP, attracts about 70% of foreign direct investment (FDI) and half of all Nigeria's cars ply Lagos roads

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Six Jigawa students relocated to India from Sudan have completed their studies and returned home

SIX Jigawa State students who were relocated to India and Cyprus from Sudan when fighting broke out there have now completed their studies and returned home as qualified graduates ready to start work.

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I for one will forever hold on to the belief that Britain should have converted Nigeria into a maritime nation. I live in hope that President Tinubu will use his sojourn in the UK to push for this

Ayo Akinfe

[1] First of all, we should have an 850km windmill wall along Nigeria’s Atlantic coastline. This would get Nigeria into the Guinness Book of Records as the nation with the world’s latest windmill farm

[2] Secondly, in a bid to turn Nigeria into a maritime power, we should vigorously pursue the location of shipyards along the Nigerian coastline, especially in the Niger Delta

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NFF wait for Adarabioyo to act on his recent hint that he is prepared to play for Nigeria

NIGERIAN Football Federation (NFF officials have told Chelsea centreback Tosin Adarabioyo to do the needful and submit his switch of nationality application to Fifa if he is serious about playing for the Super Eagles.

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I hope President Tinubu uses his two week vacation to meet up with UK rail franchise operators like Virgin and sell them a vision that looks like with the hope of attracting investment into the sector

Ayo Akinfe

[1] We want to get all Nigerian trains to operate using electricity as from 2026. Diesel engines will be phased out over the next two years

[2] Within five years, we plan to turn Nigeria into the world’s largest manufacturers of rail carriages and engines. Today, India calls itself the pharmacy of the world. Nigeria aims to do something identical with rail

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While he is in the UK, should President Bola Tinubu ask the City of London for $100bn and them invest it in the following areas to kickstart the Nigerian economy

Ayo Akinfe

[1] Security

Provide funding for geo-political zone, state or local government security outfits to combat the current insecurity menace. Our current security architecture is wholly inadequate

[2] Restructuring

No matter how you cut it, Nigeria is going nowhere unless we end our dependence on crude oil and get the states to start acting as federating units. Our states need help to stand on their own two feet

[3] Railway

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Nigeria to launch contactless passport applications eliminating the need for biometric visits

INTERIOR minister Dr Olubunmi Tunji-Ojo has stepped up plans to introduce a contactless passport application regime that will enable applicants to submit forms from the comfort of their homes without having to visit passport offices or overseas missions.

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I hope that President Tinubu’s two week vacation in the UK involves holding at least one meeting with Prime Minister Kier Starmer to request British investment in the Nigerian ports sector

Ayo Akinfe

[1] Do you know that Nigeria is the only country on the world that had three slave shipping ports? We had Calabar, Lagos and Badagry, all if which shipped human cargo to the New World in mega quantities. It is crystal clear that without Nigeria there simply would never have been the Trans-Atlantic Slave Trade or the global industrial buying and selling of human cargo. It is payback time. Britain owes us big time!

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Ibadan Grammar School alumni wins Canuk independence day quiz for the third time

IBADAN Grammar School Old Students Alumni Association UK chapter has won the Central Association of Nigerians in the UK (Canuk)  independence day quiz for the third successive year.

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