AkinfeAyo's blog

Nigeria signs MoU with Russian conglomerate to rehabilitate Ajaokuta Steel Complex

NIGERIA'S federal government has signed a memorandum of understanding (MoU) with Russian conglomerate Messrs Tyazhpromexport to rehabilitate the Ajaokuta Steel Complex and the National Iron Ore Mining Company (Niomco).

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With these lengthy petrol queues and high fuel prices, it is time we started thinking about alternative modes of transport. Here are some options for President Tinubu to consider

Ayo Akinfe

[1] A high speed rail network to be constructed across the country over the next 20 years linking all 36 states

[2] Road maintenance is to be given back to the states. The Federal Ministry of Works will ensure funds are disbursed to state governments to cater for stretches that fall within their domains. This will enable states to levy tolls to discourage private car usage

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Nigeria's economy projected to grow by 3.5% between now and 2026 raising GDP to $400bn

NIGERIA'S economy has been projected to grow by 3.5% between now and 2026 increasing the country's gross domestic product (GDP) to approximately $400bn despite the current challenges that point to a rather gloomy outlook.

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As has always been the case in history, national challenges lead to the introduction of radical alternatives. In the case of Nigeria, this petrol crisis simply has to lead to the introduction of an ambitious railway expansion plan

Ayo Akinfe

[1] We should set ourselves the target of linking all our 774 local government areas by rail by 2030

[2] Abuja and Lagos should be linked by a high speed network allowing travel within two hours

[3] We should build a coastal high speed rail link that connects Calabar to Lagos within two hours

[4] We should launch an Ecowas railway service linking Accra, Abidjan, Dakar, Freetown, Niamey, Bamako, Ouagadougou, Banjul, etc

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Coca Cola visits Tinubu where it announces plans to invest $1bn in Nigeria over the next five years

COCA-Cola has announced plans to invest $1bn in Nigeria over the next five years under an ambitious programme that involve the expansion of its existing bottling plants and the creation of thousands of more jobs.

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They say necessity is the mother of invention, so this petrol crisis should be forcing our state governments to come up with innovations like car-free city centres

Ayo Akinfe

[1] With the cost of petrol now becoming a serious issue across Nigeria, it is crystal clear that we now need to drastically reduce its use. More and more cities in the world are going car-free and those that are not, are phasing out petrol and diesel cars, going for electronic automobiles. It is time for Nigeria to join the club

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Hydrological agency officials warns of more flooding as Cameroon plans to open Lagdo Dam

NIGERIA Hydrological Services Agency (Nihsa) officials have issued a warning to states along the Benue River to increase their vigilance as the management of the Lagdo Dam in Cameroon are planning to open their floodgates any moment from now.

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I wonder if finance minister Wale Edun has sat down to calculate how many jobs would be created and figured out by how much Nigeria’s economy would grow if we manufactured say 10m units of the following products annually

Ayo Akinfe

[1] Volkswagen Beetle

[2] AK-47 assault rifle

[3] Kenwood mixer

[4] Phillips pressing iron

[5] Samsung mobile phone

[6] Dell laptop computer

[7] Sekonda wrist watch

[8] Bosch fridge-freezer

[9] LG flatscreen television

[10] Nike trainers

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Benue State and London Borough of Barking & Dagenham plan exchange programme

GOVERNOR Hyacinth Alia of Benue State has commenced negotiations with the London Borough of Barking & Dagenham with a view to establishing an exchange programme that will facilitate the training of local government chairmen and councillors.

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NFF reach agreement with former Cameroonian coach Schafer to take charge of Eagles

NIGERIAN Football Federation (NFF) officials have concluded plans to appoint former Cameroonian manager Winfred Schafer as the new Super Eagles head coach over the coming weeks.

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