Blogs

NIGERIA'S external debt is set to rise to as much as $45.1bn by the end of this year as the federal government is planning to borrow more money to fund its annual budget due to the lack of growth in the economy.

Ayo Akinfe

[1] India’s population has overtaken that of China. They now have 1.428bn people to China’s 1.425bn. However, India have not been caught napping

[2] India prepared for this moment by building industrial cities, wooing blue chip companies in their hundreds and getting 10% annual gross domestic product (GDP) growth rates

[3] By 2050, Nigeria is going to become the world’s fourth most populous nation behind India, China and the US. Are we prepared for it?

Ayo Akinfe

[1] Nigeria is the open defecation capital of the world, as one in four citizens, representing about 47m people across the country relieve themselves out in the open according to the World Health Organisation

[2] Nigeria needs about$2.7bn to end open defecation by 2025. Of that, the government is expected to provide around 25%. I say turn this into an electricity investment programme

Ayo Akinfe

[1] Who will build the world's largest cocoa plantation in Owena. Nigeria is currently the world's sixth largest cocoa producer with an output of about 245,000 tonnes and Ondo State is the largest producer in Nigeria. This Owena plantation should have an output of about 10,000 tonnes with the potential to rise to 50,000 tonnes

ANY hopes of Nigeria's chronic inflationary crisis easing appear to have been dashed after a recent consumer product index report released by the National Bureau of Statistics (NBS) showed a 1.18% monthly increase with inflation now standing at 33.88%.

According to the NBS, for the month of October, inflation rose from 32.70% in September. On a year-on-year basis, the headline inflation rate was 6.55% points higher than the rate recorded in October 2023 which was 27.33%.

Ayo Akinfe

[1] Nigerians have made a habit of hiding behind incompetent governments but for me, that is just a convenient excuse. If you have a crap government and an industrious people, you can generate enough wealth to address most of your socio-economic problems

SEVERAL English Premier League clubs have stepped up their interest in Victor Osimhen as the January transfer window looms in the hope of signing him from Italian giants Napoli by the end of the year.

Ayo Akinfe

[1] No matter how you look at it, the world’s largest black nation should be seated at the G7 table. At some stage it is inevitable Nigeria will be because we live in a changing world. For instance, China is now the world’s second largest economy, so a G-7 meeting without Beijing present is comical. Nigeria’s seat is just waiting for us to occupy it one day

NIGERAN petrol prices are expected to fall over the coming days as a result of a decision by the Independent Petroleum Marketers Association of Nigeria (Ipman) to commence the direct sale of produce from the Dangote refinery to members of the public.

Ayo Akinfe

[1] Build at least one silo in each of our 774 local government areas to store all our cash crops and food crops. We then need to build processsing plants around these silos with a goal of adding at least 50% value to every agricultural product we produce

[2] Get the Ajaokuta, Oshogbo and Aladja steel mills running at full capacity. Nigeria needs to produce at least 10m tonnes of steel a year