Business

Revitalising Edo State for a sustainable future

Posted by on 7:21 am in Business, Featured | Comments Off on Revitalising Edo State for a sustainable future

Revitalising Edo State for a sustainable future

By Kede Aihie Nigeria has a myriad of challenges, including facing its worst recession in 25 years, which has taken a toll on majority of 193 million Nigerians (pop est. NBS). Mohammed bin Rashid Al Maktoum, ruler of Dubai, in his book, Flashes of Thought, says ‘government’s job is to achieve happiness for people. There is a huge disconnect between the federal and state governments in policy matters, economic competitiveness and growth. Edo State is one of two (Lagos State) sub national in Africa to get World Bank direct budget support, for...

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Nigeria Should Strategically Engage With President Trump

Posted by on 10:15 pm in Business, Featured, politics | Comments Off on Nigeria Should Strategically Engage With President Trump

Nigeria Should Strategically Engage With President Trump

By Kede Aihie U.S. President. Trump has kept the media and world leaders busy, with his unconventional presidency and of course his tweets. How should Nigeria strategically engage with the new administration? The closest Trump policy in almost three weeks since becoming president, has touched Africa, is via the travel ban on seven countries with Muslim majority, which includes Libya, Somalia and Sudan. Window of opportunity President, Trump, appointed investment banker, Bayo Ogunlesi, to serve as a strategist on his economic policy team. The...

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Nigeria Infrastructure Funding

Posted by on 11:52 pm in Arts&Culture, Business, Featured | Comments Off on Nigeria Infrastructure Funding

Nigeria Infrastructure Funding

By Kede Aihie Nigeria’s sovereign wealth fund is setting up a company in partnership with London firm GuarantCo, to enable pension funds to invest in Nigerian infrastructure bonds, its chief executive, Uche Orji say. According to data from Nigeria’s National Pension Commission, pension fund assets by December 2015, was $26.4 billion Chris Vermont, GuarantCo, CEO based in the UK office, confirmed to Kede Aihie, Editor in Chief of Nigeria Magazine, in a telephone call that the new business partnership will be launched in a few weeks,...

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Making Lagos third largest economy in Africa is our target – Gov Ambode

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Making Lagos third largest economy in Africa is our target – Gov Ambode

Mr. Akinwunmi Ambode says one of his administration’s objectives is to propel the State from being the fifth to become the third largest economy in Africa. He said to achieve this, the State Government would focus more on Education (especially vocational training), scaling up of its health facilities, including renewal and building of world class infrastructure in the coming year. Lagos State Governor, Governor Ambode, who spoke at the Christmas Eve Dance organised by the Yoruba Tennis Club, Onikan, said he remains committed to making the...

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Nigeria Sovereign Investment Authority (NSIA) sign $700 Million-Agreement With Old Mutual Investment Group (OMIG) South Africa, UFF Agri-Fund For Establishment Of Real Estate And Agriculture Investment

Posted by on 9:13 pm in Business, Featured | Comments Off on Nigeria Sovereign Investment Authority (NSIA) sign $700 Million-Agreement With Old Mutual Investment Group (OMIG) South Africa, UFF Agri-Fund For Establishment Of Real Estate And Agriculture Investment

Nigeria Sovereign Investment Authority (NSIA) sign $700 Million-Agreement With Old Mutual Investment Group (OMIG) South Africa, UFF Agri-Fund For Establishment Of Real Estate And Agriculture Investment

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun says Federal Government has commenced discussions on the privatisation of the country’s railway system to provide necessary infrastructure for agriculture to thrive. Under the real estate agreement signed, $500 million is expected to be invested in commercial and retail assets with an initial commitment of up to $100 million each from NSIA and Old Mutual, with deal origination and execution to be undertaken jointly by both parties. The agricultural component of the deal will require both...

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