Due to the difficulty in getting US dollars for import, Nigerian industrialists are increasingly using locally sourced alternatives to raw materials they previously used to import. For instance, one industrialist told Punch that his company had in the past month been using locally sourced soybeans instead of imported feeds. The current weakness of the naira…… Continue reading Dollar scarcity: Nigerian manufacturers look to local alternatives for imported raw materials
Category: Economy
Buhari, Create Lake Chad Basin Agricultural Development Agency (LaCBADA)
This article is an attempt to get the Federal Government of Nigeria to suspend oil exploration in Lake Chad in response to drastically falling oil prices, and instead use the N37 billion allocated for oil exploration in the area to promote agriculture in the region. We will propose the creation of a new Federal Agency…… Continue reading Buhari, Create Lake Chad Basin Agricultural Development Agency (LaCBADA)
Babatunde Fashola And Nigeria’s Coal Deposits
In 2006, when the then outgoing Governor of Lagos State, Asiwaju Bola Ahmed Tinubu anointed his then little known Chief of Staff, one Babatunde Raji Fashola as his chosen successor to the governor’s seat at Alausa, not a few feathers were ruffled. Many of Tinubu’s disciples who had expected the Jagaban Borgu to name them…… Continue reading Babatunde Fashola And Nigeria’s Coal Deposits