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Posts tagged with "Dangote"

Before Xmas Buhari needs to call of a meeting of all Nigeria's millionaires and set them these industrial production targets to save Nigeria from economic collapse in 2021 African News

Before Xmas Buhari needs to call of a meeting of all Nigeria's millionaires and set them these industrial production targets to save Nigeria from economic collapse in 2021

Ayo Akinfe 10m tonnes of steel 20m pre-paid electricity metres 5m electricity transformers 20m mobile phone handsets 2m automobiles must be assembled locally 10m flatscreen TV sets 10m tonnes of maize 5m tonnes of sugar 10 tonnes of rice 50m pairs of footwear 1,000 railway carriages 20bn kg of milk 2m tonnes...
Buhari also needs to appoint a development economist like Wale Adeyemo and give him or her a freehand to do the following things African News

Buhari also needs to appoint a development economist like Wale Adeyemo and give him or her a freehand to do the following things

Ayo Akinfe (1) Ensure that annual gross domestic product (GDP) is never below 10%. Single digit growth should be considered recessionary (2) Attract a minimum of $50bn in foreign direct investment (FDI) annually (3) Hold monthly meetings with the 36 state commissioners of trade & industry and ensure that they each attract a...
10 things I would like to see in the Petroleum Industry Bill President Buhari just submitted to the National Assembly African News

10 things I would like to see in the Petroleum Industry Bill President Buhari just submitted to the National Assembly

(1) The NNPC is to be privatised with the government holding a stake of no more than 25%. Foreign partners will hold about a 50% stake, with the company floated on the Lagos, New York, London, Frankfurt and Tokyo stock exchanges (2) The NNPC will be recalibrated as a diversified conglomerate with a presence in manufacturing,...
Looking at these global pre-Covid figures, Nigeria needs either a 10-fold increase in foreign direct investment or for oil prices to rise to $500 a barrel African News

Looking at these global pre-Covid figures, Nigeria needs either a 10-fold increase in foreign direct investment or for oil prices to rise to $500 a barrel

Ayo Akinfe Foreign direct investment (FDI) figures (1) US -$4bn (2) UK - $2bn (3) Hong Kong - $1.9bn (4) China - $1.5bn (5) Ireland - $1.47bn (6) Brazil - $778.5m (7) Mexico - $500m (8) India - $367.5m (9) Vietnam - $318.7m (10) South Africa - $139.2m For Nigeria, the annual FDI figure was $118m. Given that we do not...
There cannot be a better time than this to convert the NNPC into an industrial conglomerate African News

There cannot be a better time than this to convert the NNPC into an industrial conglomerate

Ayo Akinfe (1) With oil prices in the doldrums and the Dangote refinery poised to take over as Nigeria’s main source of petrol products, this is the time to cannibalise the NNPC and convert it into an industrial concern (2) Dangote’s Lekki refinery has effectively made the three dormant NNPC refineries needless. We have to now...
 

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