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I have wracked my brain tirelessly over this and do not see any other way Nigeria can generate investment of say $25bn that matches diaspora remittances other than through religious finance

Ayo Akinfe

[1] No matter how you look at things, religious capital presents Nigeria with the biggest potential source of internal finance for investment. Even if we appoint the most brilliant economist on earth as our finance minister, he or she will never be able to crack the Nigerian economy without tapping into religious finance

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I have wracked my brain tirelessly over this and do not see any other way Nigeria can generate investment of say $25bn that matches diaspora remittances other than through religious finance

Ayo Akinfe

[1] No matter how you look at things, religious capital presents Nigeria with the biggest potential source of internal finance for investment. Even if we appoint the most brilliant economist on earth as our finance minister, he or she will never be able to crack the Nigerian economy without tapping into religious finance

Share

I have wracked my brain tirelessly over this and do not see any other way Nigeria can generate investment of say $25bn that matches diaspora remittances other than through religious finance

Ayo Akinfe

[1] No matter how you look at things, religious capital presents Nigeria with the biggest potential source of internal finance for investment. Even if we appoint the most brilliant economist on earth as our finance minister, he or she will never be able to crack the Nigerian economy without tapping into religious finance

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With Nigeria facing the twin problems of having to create millions of jobs and needing to cut down on fuel consumption, opening the world’s largest bicycle factory is inevitable

Ayo Akinfe

[1] Nigeria was founded on the basis of the fact that she could supply Europe with commodities she needed at particular points in time. First of all it was human cargo in the form of slaves and then it later became palm oil once the Trans-Atlantic Slave Trade was abolished in 1833. I ask myself why we have not continued with that trend. As the world’s largest black nation, Nigeria has got to be one of humanity’s greatest providers

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Nigeria eligible youngster Lesley Ugochukwu joins Southampton on season-long loan

NEWLY-promoted English Premier League side Southampton with London giants Chelsea to sign Nigeria-eligible midfielder Lesley Ugochukwu on a season-long loan deal that will see him play at Saint Mary's for the duration of the 2024/25 campaign.

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As a first step towards bringing inflation down, the government has to launch a South Korean-style campaign calling on Nigerians to only consume what we produce 

Ayo Akinfe

[1] In South Korea, they have a national slogan - “Anything we do not make, we do not need.” Basically, what this means is they have agreed as a people to cut their coats according to the size of their national cloth

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With this nagging problem of rising inflation and the recent nationwide demonstrations protesting the development, should finance minister Wale Edun publish a second supplementary budget that includes strict caveats like this for the future?

Ayo Akinfe

[1] Going forward, Nigeria will have an annual budget ratio of $1bn to every 1m citizens. In 2024 for instance, with a population of 200m, our national budget shall not be less than $200bn

[2] Every one of Nigeria’s 36 states shall generate at least twice the amount of its running costs. Any state that fails to do this over two successive quarters shall be dissolved and incorporated into one of its neighbours

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With this nagging problem of rising inflation and the recent nationwide demonstrations protesting the development, should finance minister Wale Edun publish a second supplementary budget that includes strict caveats like this for the future?

Ayo Akinfe

[1] Going forward, Nigeria will have an annual budget ratio of $1bn to every 1m citizens. In 2024 for instance, with a population of 200m, our national budget shall not be less than $200bn

[2] Every one of Nigeria’s 36 states shall generate at least twice the amount of its running costs. Any state that fails to do this over two successive quarters shall be dissolved and incorporated into one of its neighbours

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Would you not just love it if Tinubu and Shettima published a post-protests document called Contract With Nigeria that aims to ensure annual double digit economic growth for the next decade

Ayo Akinfe

[1] We will aim for annual double digit economic growth between 2025 and 2035. If we enjoy 10% growth every year for a decade, Nigeria’s gross domestic product (GDP) will increase to about $1trn from the current $400bn

[2] Given that we have a very young population and are forecast to become one the world's five most populous nations by 2020, job creation is simply a must. We pledge to create 20m manufacturing jobs by 2030.

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Nigeria needs to start planning for the 2028 Olympics now with an ambitious programme to send 300 athletes to Los Angeles to participate in 25 events in both male and female categories

Ayo Akinfe

[1] Football

[2] Handball

[3] Basketball

[4] Volleyball

[5] Hockey

[6] 3x3 Basketball

[7] Beach Volleyball

[8] Athletics

[9] Boxing

[10] Wrestling

[11] Judo

[12] Taekwondo

[13] Track cycling

[14] Road cycling

[15] Triathlon

[16] Table Tennis

[17] Lawn Tennis

[18] Badminton

[19] Weight Lifting

[20] Swimming

[21] Archery

[22] Shooting

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