Financial experts believe Nigeria has the potential to have a $6trn economy if inflation is controlled

FINANCIAL experts have forecast that Nigeria has the potential to have a $6trn gross domestic product (GDP) if the numerous sectors of her economy are properly harnessed and inflation is brought down to single digit figures.

 

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Today our Making Nigeria Better campaign takes us to the Niger Delta where we look at the economic potential of Rivers State

Ayo Akinfe

[1] Rivers is not just any state in Nigeria. It is our fountain of wealth and ideally should be the bellwether of the Nigerian economy. There is no reason for it not to be competing with Lagos State when it comes to attracting foreign direct investment (FDI)

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US businessmen plans to invest $100m in venture to rid Nigeria of abandoned vehicles

AMERICAN-based businessman Otunba Saheed Ashogbon has announced plans to invest $100m in Nigeria to help clear the country's roads of unwanted vehicles which will then be recycled and the scrap metal put to productive use.

 

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Ademola Lookman eyes return to Premier League as Chelsea and Man United chase him

SUPER Eagles winger Ademola Lookman could be returning to England this summer as Premier League giants Chelsea and Manchester United are both said to be looking t sign him from Atlanta before the start of the 2024/25 season.

 

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Continuing with this our journey across Nigeria, today we visit Zamfara State and examine its economic potential

Ayo Akinfe

[1] Zamfara is arguably the poorest state in Nigeria as it has no private sector whatsoever, no industry and has not tapped into any of its natural resources. At the moment, Zamfara is more or less wholly dependent on federal allocation handouts for its survival

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Diaspora remittances surge by 90% during May boosting foreign exchange inflows by 163%

NIGERIA witnessed a 90% surge in diaspora remittances during the month of May with Nigerians living abroad sending back home a whopping $365.44m helping the total amount of foreign exchange inflows into the country to surge by 163%.

 

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Date of Canuk family fun day to Southend-on-Sea beach changes to August 10

DIASPORA body the Central Association of Nigerians in the UK (Canuk) has changed the date of its coach trip to Southend-on-Sea beach to Saturday August 10 in response to requests from its membership.

 

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Our Making Nigeria Better series moves on to Borno State today, where we examine its huge potential. This is another state that is sitting on billions of dollars worth of dead capital

 

Ayo Akinfe

[1] First of all, do you know that Borno State gets more sunshine than any other in Nigeria as its huge landmass of almost 71,000 square kilometres is in the Sudan and Sahel Savannah. Why does Borno not have one of the largest solar farms on the planet?

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Organised labour urges Tinubu to approve minimum wage of no less than N250,000

NIGERIAN trade unions have appealed to President Bola Tinubu to set the new minimum wage at N250,000 ($165) per month so it reflects the present inflationary trend in the country and allows workers to live meaningful lives.

 

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