Rotimi Amaechi can revolutionise the Nigerian economy if he has a coherent railway policy

By Ayo Akinfe

[1] Last week, Rotimi Amaechi was in China to look at the railway carriages being built. He will take delivery of 20 coaches this year but alas, this is nowhere near good enough. Nigeria cannot continue to be an eternal consumer. No economy has ever grown when it operates that way

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ICPC declare former SPIP chair Okoi Obono-Obla wanted after he fails to appear for questioning

ANTI-graft officials have declared Okoi Obono-Obla the former chairman of the Special Investigation Panel for the Recovery of Public Property (SPIP) wanted after he failed to appear before the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

 

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Three Nigerians injured in fresh attack as anti-immigrant xenophobia flares in South Africa again

THREE more Nigerians have been injured in fresh xenophobic attacks in South Africa's Mpumalanga Province barely a week after Ikenna Otugo was stabbed to death by unknown assailants in Empageni.

 

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Seven EFCC operatives arrested after audacious plan to smuggle Maina out of custody fails

SEVEN Economic and Financial Crimes Commission (EFCC) operatives have been arrested in connection with an attempt to smuggle former Pension Reform Task Team (PRTT) chairman Abdulrasheed Maina out of detention.

 

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QPR midfielder Ebere Eze out of Benin and Lesotho qualifiers as he requires Fifa switch

QUEENS Park Rangers (QPR) midfielder Ebere Eze is unlikely to feature in Nigeria's forthcoming African Cup of Nations qualifiers against Lesotho and Benin Republic next month as he will not have completed his nationality switch with Fifa by then.

 

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Amaechi says 20 railway carriages will be delivered from China over next six weeks

TRANSPORT minister Rotimi Amaechi has revealed that 20 new coaches for the Abuja-Kaduna and the Lagos-Ibadan rail lines will arrive in the country over the next six weeks as part of the ongoing railway expansion programme.

 

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Nigeria just needs 10 conglomerates who will account for 80% of manufacturing output, about 75% of GDP and who will employ about 20m people directly to have a $2trn economy. As things stand, production is too fragmented

By Ayo Akinfe

(1) NNPC
My stance on this has always been clear. Privatise the NNPC with the government holding say a 25% stake in it. Then expand its operations to cover manufacturing, automobile assembly, food processing, petrochemicals, power generation, railway equipment manufacture, etc. Within a year, the NNPC should be floated on the New York and London stock exchanges with a market capitalisation of at least $200bn

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Buhari heads off to Russia-Africa Summit where he is expected to attract investors

PRESIDENT Muhammadu Buhari has left Abuja for Russia where he will attend the three-day Russia-Africa Summit taking place in the southern city of Sochi between October 23 and 24 to be attended by about 40 African nations.

 

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PDP Governors Forum to hold internally generated revenue summit in Abuja on October 30

MEMBERS of the Peoples Democratic Party's (PDP) Governors' Forum plan to hold an economic summit on boosting internally generated revenue (IGR)  in Abuja on October 30 as part of a plan end Nigeria's dependency on crude oil.

 

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EFCC secures interim forfeiture order against two of Bukola Saraki's Ikoyi houses

FORMER senate president and Kwara State governor Senator Bukola Saraki has temporarily forfeited two Lagos homes to the federal government after the Economic and Financial Crimes Commission (EFCC) secured a court order against him.

 

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