Business

African Business Network event, 6th October

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African Business Network event, 6th October

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Nigeria Infrastructure Series – Public Private Partnerships

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Nigeria Infrastructure Series – Public Private Partnerships

By Kede Aihie Nigeria (Africa’s largest economy) has spent over $30 billion on the power sector, since 1999, yet produces less than 4,000 megawatts of electricity for a population of 193 million. South Africa (2nd largest economy in Africa) produces over 40,000 megawatts for a population fewer than 50 million people. The narrative and optics of rationing, constant power cuts in the nation’s capital (FCT Abuja) and indeed across the country, is shameful. Nigeria’s infrastructure deficits are huge and will require billions of dollars to have...

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Revitalising Edo State for a sustainable future

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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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