AkinfeAyo's blog

PRESIDENT Muhammadu Buhari has been summoned to appear before the House of Representatives to answer questions about the growing state of insecurity across the country following the recent upsurge of violence in several northern states.

GOVERNOR Rotimi Akeredolu has signed a memorandum of understanding (MoU) with Sheikh Dalmook Al Maktoum of the Dubai royal family primarily aimed at attracting investment into the state's sea ports.

HOUSE of Representatives majority leader Hon Femi Gbajabiamila has received a boost to his ambition to become the speaker after one of his fellow contestants Hon Muhammad Monguno announced that he was standing down and backing the Surulere lawmaker.

By Ayo Akinfe

(1) Yesterday, the International Monetary Fund (IMF) published a report in which it warned that Nigeria’s debt-to-gross domestic product (GDP) ratio was growing at an alarming rate. Although still within reason as the federal government’s external debt of $40bn is still less than 10% of GDP, the way it is growing gives cause for concern. It is only a matter of time before it gets out of control

NIGERIA has been advised by the International Monetary Fund (IMF) to ease on her borrowing as the country's debt to gross domestic product (GDP) ratio is too high to be sustainable over the long term.

ECONOMIC and Financial Crimes Commission (EFCC) officials have written to the federal high court in Lagos asking that it transfers Governor Ayo Fayose's pending case before Justice Mojisola Olatoregun to another judge because she also from Ekiti State.

NIGERIA'S Independent National Electoral Commission (Inec) has proposed a fine of N500,000 or three years imprisonment or both for any persons convicted of vote-buying and selling in the country's elections.

PETROLEUM minister Dr Ibe Kachikwu has challenged crude oil exploration and production companies operating within Nigeria to seek to raise output from the current 2.1m barrels a day to a whopping 7m barrels within the foreseeable future.

OONI of Ife Oba Enitan Ogunwusi has revealed the Internet search engine Google originated in Ile-Ife as the Ifa oracle starting off as a form divination was all about sourcing for information and knowledge through traditional consultation.

By Ayo Akinfe

(1) This week, President Buhari was in the Middle East seeking investment in Nigeria, while Professor Osinbajo was in Rwanda trying to boost our relations with our African brethren. In both instances, they are trying to cash in on the fact that Nigeria will always be the primary investment destination in Africa from where everyone can reach out to the rest of the continent