ANNUAL remittances by the Nigerian diaspora worldwide fell by about 20% over the last year as a result of the economic crisis precipitated by the global coronavirus pandemic cutting into the expected figure of $25bn.
Historically, Nigeria has always been among the top five countries in the world when it comes to remittances...
Ayo Akinfe
Our herdsman crisis can only be resolved by opening cattle ranches. We need to attract about $5bn to build six mega ranches with accompanying leather tanneries, milk processing plants, veterinary clinics and animal feed compounders
In Turkey, they used Islamic finance to build a Eurostar-type railway tunnel under the...
NIGERIAN diaspora remittances fell by 27% year-on-year in 2020 to $17.2bn from $23.55bn in 2019 as the economic impact of the coronavirus pandemic hurt Nigerians living abroad hard forcing them to reduce the amount they remit back home.
Although Nigeria itself has been spared the worst excesses of the global pandemic,...
VICE president Professor Yemi Osinbajo has revealed that Nigeria needs to attract a minimum of N2.3trn ($6bn) in capital investment annually over the next 30 years if the nation wants to confront her infrastructural deficit problems.
Despite having a population of over 200m, Nigeria only has a gross domestic product (GDP) of...
CENTRAL Bank of Nigeria (CBN) officials have revealed that diaspora remittances during the third quarter of 2020 fell by 61% to $1.09 from $2.8bn during the corresponding period of 2019 as the effects of the coronavirus pandemic but hard.
Nigeria's diaspora is the world sixth largest sender of remittances behind India,...
Ayo Akinfe
(1) Worldwide, about 80m hectares of irrigated lowland rice provide 75% of output
(2) Irrigated rice is grown in bunded fields or paddies, which are surrounded by a small embankment that keeps the water in. Our Niger Delta is tailor-made for this kind of rice production
(3) Rainfed lowland rice is grown in river...
CENTRAL Bank of Nigeria (CBN) officials have unveiled a new financial policy that grants unfettered access to foreign exchange sent from the diaspora and other money transfer remittances that come into the country through the likes of Western Union and MoneyGram.
Diaspora remittances are currently the biggest source of...
POPE Francis I has intervened in the ongoing crisis in Nigeria by calling for prayers over the current violence and widespread looting that has spread nationwide across the country asking that peace be returned.
Last Tuesday, Nigerian Army troops opened fire on unarmed protesters at the Lekki Toll Gate, killing several of...
Ayo Akinfe
(1) The jumbo pay packages of our lawmakers are an affront to any decent society
(2) The impunity with which corrupt people are running the country. Orji Uzor Kalu was convicted of fraud by a court but remains a senator, while Abdullahi Ganduje was caught red handed receiving bribes yet remains a governor
(3) This...
REMITTANCES from Nigerian diasporans fell to $3.3bn during the second quarter of this year representing their lowest level since 2008 as the Covid-19 pandemic affected the income of many Nigerians living abroad.
Historically, Nigeria has always been one of the top six nations when it comes to global remittances alongside the...
