Blogs

Ayo Akinfe

(1) One of the hallmarks of a visionary leadership is its ability to multi-task. When it comes to running your economy, this means diversification, whereby you expand into several sectors at the same time as China and India are currently doing so successfully

NIGERIA may get some economic respite before the end of the year after analysts at US bank Goldman Sachs raised their price forecasts for crude oil for the second and third quarters of 2021 to about $75 a barrel.

GOVERNOR Seyi Makinde of Oyo State has ordered the immediate re-opening of Shasha market in Ibadan and the closure of the interim annex which was established in Iroko during the closure in response to the recent outbreak of violence.

NIGERIA'S senate has confirmed the recently-retired four military service chiefs as non-career ambassadors-designate paving the way for them to take over the running of overseas missions after a brief hearing today.

NIGERIA'S information minister Alhaji Lai Mohammed has said that the federal government cannot take on the armed bandits causing mayhem across the country because it is concerned about destroying the forests from which they operate.

GOVERNOR Samuel Ortom of Benue State has said that his Bauchi State counterpart Bala Mohammed should be held responsible of the assassins who have tried to execute him succeed because he is their main backers.

Ayo Akinfe 

(1) Across Europe and North America, plans are in full swing to ease the Covid-19 restrictions this year. By my calculations, we will be back to normal by the summer 

(2) In the UK in particular, it appears that the economy cannot sustain the lockdown for much longer anyway, so come what may, the restrictions will be lifted by May/June irrespective of the infection rate

NIGERIA'S dependence on car imports looks set to get worse over the near future after President Muhammadu Buhari granted a 30% import duty reduction on passenger transport vehicles cutting the rate to 5% from 35% with immediate effect.

NIGERIA'S foreign loans are set to grow by $5.3bn this year after the country's Debt Management Office (DMO) revealed that fresh sums totalling that amount have been approved but not yet disbursed to the recipient departments.

MEMBERS of the Indigenous People of Biafra's (Ipob) security militia group the Eastern Security Network (ESN) had fled from their camp in the forests of Orsu Local Government Area of Imo State following the arrival of the Nigerian military in the area