AkinfeAyo's blog

I would like to see President Buhari’s New Year’s Day address set production targets in several key sectors with punitive measures for ministers for fail to fulfill their quotas

By Ayo Akinfe

Can someone please explain to me why we should not meet these targets?

(1) Steel - 10m tonnes
(2) Cocoa - 1.5m tonnes
(3) Natural gas - 100m cubic metres
(4) Rice - 10m tonnes
(5) Distributed electricity - 20,000MW
(6) Tarred roads - 200,000km
(7) Assembled automobiles - 500,000 units
(8) Bitumen - 10m tonnes
(9) Palm oil - 20m tonnes
(10) Clean energy - 5,000MW

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Ngozi Okonjo-Iweala's banking consolidation exercise is meaningless unless it it backed up by a parallel industrial consolidation exercise

By Ayo Akinfe

[1] As we all remember, in 2004, the then finance minister Ngozi Okonjo-Iweala introduced a bank consolidation exercise during which the Central Bank of Nigeria (CBN) increased the minimum capital requirement base of banks to N25bn ($70m) from N5bn. This policy was introduced due to the challenges which plagued the banks including low capital bases, liquidity and poor asset quality. As a result, Nigerian banks were consequently forced to merge

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Kwara State's Governor Abdulrazaq seizes Saraki's land and plans using it for secretariat

GOVERNOR Abdulrahman Abdulrazaq of Kwara State has announced plans to build a secretariat on the piece of land in Ilorin reclaimed from one of his predecessors the former senate president Senator Bukola Saraki.

 

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Igbo Presidency Project Movement 2023 warns northerners not to abandon zoning

IGBO Presidency Project Movement 2023 officials have warned politicians of northern extraction to respect the zoning of the presidency and relinquish power to the south of the country come 2023.

 

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Cross River State's Governor Ayade creates foreign affairs ministry in dive to attract investment

GOVERNOR Ben Ayade of Cross River State has created a ministry of foreign affairs as part of an aggressive plan to attract international investment in a desperate bid to diversify the state's economy.

 

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Nigeria desperately needs an industrial conglomerate that will acquire patents for the following 10 machines and mass produce them

By Ayo Akinfe

[1] Vegetable grinding machine
[2] Shoulder held sewing machine
[3] Seed crushing machine
[4] Mobile vulcanising machine
[5] Danfo bus
[6] Molue
[7] Electric-powered Okada motorcycle
[8] Church and mosque loudspeaker
[9] Money spraying machine at parties
[10] Manual cement block making machine

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Philippines bans two US senators from entry in response to their criticism of its human rights record

PHILIPPINE president Rodrigo Duterte has banned two US senators from entering the country and has threatened to require all American citizens to apply for visas before being allowed to visit in response to criticism of his human rights record.

 

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World Bank warns that 35m more Nigerians could fall into extreme poverty over the next decade

NIGERIA is facing the prospect of increased poverty over the next decade with an extra 10m people becoming extremely poor unless the government dramatically increases productivity and enhances growth according to a new World Bank report.

 

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PDP to begin consultations about who to select as its 2023 presidential candidate

NIGERIA'S main opposition the Peoples Democratic Party (PDP) has revealed that it will soon commence consulting its members as to who will be the best person to select as its 2023 presidential candidate.

 

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NFF offers Rohr new contract compelling him to live in Nigeria and only have three holidays a year

SUPER Eagles head coach Gernot Rohr has been offered an extension to his contract with the Nigeria Football Federation (NFF) with several new conditions including one stipulating that he must live in Nigeria and only can only travel abroad on holiday three times a year.

 

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