Covid-19: Germany May Face 50,000 New Infections A Day Unless – Economy Minister

“If we don’t want days with 50,000 new infections, as was the case in France a few weeks ago, we must see through this and not constantly speculate about which measures can be relaxed again.”

Those were the words of Germany’s Economy Minister Peter Altmaier as he warned that the European economic giant is clearly “not out of the woods” following a worrying recent spike in Covid-19 infections.

According to the Robert Koch Institute (RKI) for infectious diseases, the number of confirmed cases in Germany rose by 16,947 to 790,503 on Sunday.

But the constant speculation on locking down is taking its toll on many citizens as they long for the kind of normality they used to have before.

There have been fierce protests on the streets. But for Minister Altmaier and many German policy makers, longer lockdowns might be the bitter pill Germans need to swallow if their economy and society is to return to normal.

UNIZIK buys many cars from Innoson

Nnamdi Azikiwe University, UNIZIK, has bought many cars from Innoson, the Nnewi-based car maker.

This will help create jobs and boost the economy.

Crude Oil: Innoson Takes On Shell

Innoson Oil and Gas has won 9 crude oil blocks in Sierra Leone – a coup in a sector normally dominated by such oil giants like Shell BP. The oil blocks are based in the South, near Sierra Leone’s border with Liberia.

Also read the Igbo translation: Mmanụ Ugbọ: Innoson Nke Nnewi Chọrọ Inapuzi Shell BP Okpu Eze Ha

Innoson won in a keenly contested licencing round. She competed against 6 other companies. Reports from Energy Voice state that Innoson won crude oil Blocks 96, 97, 114, 115, 116, 117, 133, 134 and 135. Another company, Cluff Energy won Blocks 23, 24, 25, 36, 37, 38, 39, 54, 55, 56, 57, 74, 75, 94 and 95.

Also Read: Despite Opposition From Governments, Facebook Goes Ahead With Libra Cryptocurrency

This development signals Innoson Group’s big entry into oil. Innoson is known more for vehicle manufacturing. Before that, they pioneered an innovative way of assembling motorbikes in Nigeria called CKD. CKD means Completely Knocked Down goods.

With Innoson’s record of excellence, it will not be surprising if it begins giving the Shells and Totals of this world a run for their money very soon.

Innoson recently expanded its car manufacturing operations with another plant in Nnewi. The Igwe of Nnewi was present.The foray into crude oil in Sierra Leone may be strategic. There are speculations that Innoson might be about to build an affordable car model for the West African country.

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4 Reasons Nigeria Is Great for Business

Nigeria is a unique country. There is no other country quite like Nigeria. Here are 5 reasons why Nigeria is good for business.

  1. Nigeria has the largest concentration of people in Africa. I mean, just look at the sheer economics of it. 180 million people in one country. If you sold one thing for 180 million Nigerians at $1, you’d be a millionaire. By 2050, it estimated Nigeria would have risen to 300 million. Why not dig your economic well before you get thirsty?
  2. Nigerians like spending big. Nigerians are natural big spenders. Forget that the oil price crash has dampened things a bit. (Ask Harrods Hypermarket.) But if the economy bounces back, you’ll see the spending power of Nigerians at its best.
  3. Lots of untapped mineral resources lie under Nigeria’s ground. If you can get a license to mine it, you’ll have cornered your own pot of gold.
  4. Resourceful people. Nigerians are very resourceful. In the United States for instance, Nigerians are known as the most successful immigrants. All Nigerians really need is the right atmosphere to succeed. Perhaps your company can help. Can you profitably bring in some good organizational culture that would drive productivity and innovation in its own small way?

Are Collapsed Oil Prices About To Make Nigerians Even Poorer?

I read this analysis about what the collapse of the crude oil might mean to Nigeria. And I must tell you; it is scary. Read it because to be forewarned is to be forearmed.