Tuesday, October 31, 2023

Britain’s King Charles commences historic visit to Kenya

King Charles begins visit to Kenya with Queen Camilla by his side: Monarch is given ceremonial welcome on first state visit to a Commonwealth nation since he was crowned - as he prepares to address 'painful' colonial legacy.

Wednesday, October 25, 2023

Govenror Sanwo-Olu Inaugurates Automobile Assembly Plant in Lagos

The Lagos State Government has sealed a Joint Venture Agreement (JVA) sealed with CIG Motors, a Chinese automobile company for the birthing of a new vehicle assembly plant in Lagos. Governor Babajide Sanwo-Olu commissioned automobile assembly plant sited along WEMPCO Road in Ogba axis of Lagos, two years after both partners signed the agreement for the construction of the factory. The facility will be jointly-run by the state government and its partner for the production of different classes of brand new cars, a statement signed by the Chief Press Secretary to the governor, Gboyega Akosile stated. The government stressed that it was a result of part of the bilateral agreements reached by the Sanwo-Olu administration and Chinese investors’ community during the governor’s business trip to China in November 2019. Already, the statement said that 2,000 units of brand new GAC vehicles had been successfully assembled in Lagos ahead of the formal opening of the facility. The plant, it said, was built with production capacity to assemble 5,000 units of new vehicles yearly in the first phase, while generating thousands of direct and indirect jobs. The governor described the development as a promising synergy between international partnerships and local talent, stressing that it underscored Lagos’ openness to investments that would foster job creation, skill development, wealth creation, and entrepreneurial opportunities.

Saturday, October 21, 2023

Wednesday, October 18, 2023

When Would It Reach Us?

Tinubu launches cash transfer of 15million for Nigerian households
Said that ₦25,000 would be given to each of the beneficiaries to improve their spending power and economic fortunes in the society. What About Paying The Exorbitant Children School Fees? Also said that the ₦30,000 Iyaloja loan scheme would soon be started for small-scale traders in the country as part of economic revitalisation and empowerment. The Iyaloja one might not warrant the school fee questioning.

Tuesday, October 17, 2023

Nigeria Economy: Loan or GDP?

Nigeria can make N2.5 trillion from ocean – NIS boss, Adepoju
80 per cent of goods and services come into the country through shipping. She called on all stakeholders to ensure a high standard of business integrity by “ensuring transparency in transactions, proper documentations, eschewing corrupt practices, avoiding extortion and other sharp practices that may be contrary to economic growth and development.” “N2.5 trillion can accrue to Nigeria from the Blue Economy,” she said, stressing that “the oceans are 72 per cent of the world covered by bodies of water. The Seabed – 90 per cent of deposit is yet to be explored. 2.2 million species are yet to be discovered by experts.”

The Solution Is Not Loan

Nigeria: Tinubu Secures Another $1.5bn World Bank Loan
Presidential approval was given after analysing the agreement. Similarly, the 30 days implementation timeline agreed on was also approved by FEC.

Thursday, October 12, 2023

Employment Could Be Cheap

Lagos teacher wins African Union continental prize
A Teacher in Lagos State, Adeola Adefemi, has won this year’s African Union(AU) Continental Teacher Prize. The announcement was made by the Director of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in charge of International Institute of Capacity Building in Africa, Wodon Quentin, in celebration of this year’s teachers’ day. This came barely two weeks after two Lagos teachers were shortlisted among top 50 finalists for the Global Teacher Prize. Adefemi, the award winner, teaches English Language at Keke Senior High School, Agege, under the state’s Education District 1.

Inflation Is Corruption

Corruption is scorn. Corruption is ineptitude. Corruption is death. Happy Independence Anniversary, Nigeria! The 2027 Elections: Corrupt...