US businessmen plans to invest $100m in venture to rid Nigeria of abandoned vehicles

AMERICAN-based businessman Otunba Saheed Ashogbon has announced plans to invest $100m in Nigeria to help clear the country's roads of unwanted vehicles which will then be recycled and the scrap metal put to productive use.

 

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Ademola Lookman eyes return to Premier League as Chelsea and Man United chase him

SUPER Eagles winger Ademola Lookman could be returning to England this summer as Premier League giants Chelsea and Manchester United are both said to be looking t sign him from Atlanta before the start of the 2024/25 season.

 

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Continuing with this our journey across Nigeria, today we visit Zamfara State and examine its economic potential

Ayo Akinfe

[1] Zamfara is arguably the poorest state in Nigeria as it has no private sector whatsoever, no industry and has not tapped into any of its natural resources. At the moment, Zamfara is more or less wholly dependent on federal allocation handouts for its survival

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Diaspora remittances surge by 90% during May boosting foreign exchange inflows by 163%

NIGERIA witnessed a 90% surge in diaspora remittances during the month of May with Nigerians living abroad sending back home a whopping $365.44m helping the total amount of foreign exchange inflows into the country to surge by 163%.

 

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Date of Canuk family fun day to Southend-on-Sea beach changes to August 10

DIASPORA body the Central Association of Nigerians in the UK (Canuk) has changed the date of its coach trip to Southend-on-Sea beach to Saturday August 10 in response to requests from its membership.

 

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Our Making Nigeria Better series moves on to Borno State today, where we examine its huge potential. This is another state that is sitting on billions of dollars worth of dead capital

 

Ayo Akinfe

[1] First of all, do you know that Borno State gets more sunshine than any other in Nigeria as its huge landmass of almost 71,000 square kilometres is in the Sudan and Sahel Savannah. Why does Borno not have one of the largest solar farms on the planet?

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Organised labour urges Tinubu to approve minimum wage of no less than N250,000

NIGERIAN trade unions have appealed to President Bola Tinubu to set the new minimum wage at N250,000 ($165) per month so it reflects the present inflationary trend in the country and allows workers to live meaningful lives.

 

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In today’s edition of Making Nigeria Better, we look at the economic potential of Anambra State. This is a state with the most millionaires in Nigeria, so should never have a problem attracting investors to exploit its potential

Ayo Akinfe

[1] By now, Nnewi should have been turned into the Detroit of Africa with every automobile manufacturer on the planet attracted to the city. Ever car company on earth should have a local manufacturing plant in Nnewi

[2] Were things well run, as of today, Anambra State should be generating at least $100bn internally. It should have long withdrawn from the shameful federal allocation money sharing regime, becoming the first Nigerian state to do so

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Foreign ministry claims as many as 200 Chinese firms are interested in investing in Nigeria

AS many as 200 Chinese companies have expressed an interest in investing in Nigeria according to foreign minister Ambassador Yusuf Tuggar who believes that the economy provides good returns on investment that appeals to investors.

 

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