Posts Tagged “Economy”

Cassava revolution ‘can solve’ Nigeria’s economic crisis

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Cassava revolution ‘can solve’ Nigeria’s economic crisis

Segun Adewumi, national president, Nigeria Cassava Growers Association, says the country can generate over N20 trillion from cassava within a year.   Adewumi said this in an interview with NAN in Abuja on Monday. He said that cassava, which is one of the most reliable cash crops in the world, could also be used to…

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KADUNA WELDING FABRICATION WORKSHOP WHERE ALL WORKERS ARE PHYSICALLY CHALLENGED

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KADUNA WELDING FABRICATION WORKSHOP WHERE ALL WORKERS ARE PHYSICALLY CHALLENGED

By ISAIAH BENJAMIN Life comes with various challenges. While some take such challenges that come their way as stepping stone to better their lives and make something out of it, others allow themselves to be weighed down with them and allow themselves become a liability to themselves, their families and the government. At the sight…

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FACEBOOK’S 10-YEAR ROADMAP TO SUPPORT NIGERIAN ECONOMY

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FACEBOOK’S 10-YEAR ROADMAP TO SUPPORT NIGERIAN ECONOMY

By Prince Osuagwu & Geraldine Anunukem Social media platform, Facebook says it was ready to unveil a ten-year roadmap which will impact the Nigerian economy. The company’s Director of Global product Partnerships, Mr Ime Archibong, disclosed this in a telephone interview with Vanguard. Archibong said the roadmap would be unveiled during the‘Facebook for developers workshop’…

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NIGERIA’S TECH STARTUPS ARE IN A RACE TO FIX A MULTIBILLION-DOLLAR PAYMENTS PROBLEM

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NIGERIA’S TECH STARTUPS ARE IN A RACE TO FIX A MULTIBILLION-DOLLAR PAYMENTS PROBLEM

Three years ago, whenever Larry Eghosa, a Lagos-based sound engineer, tried to pay for products online it was always a crapshoot. After submitting his order he’d typically have to wait for about five minutes to get confirmation of payment being accepted. But, more often than not, the same error message appeared: ‘Your transaction was not…

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DANGOTE MAKES AFRICA’S LARGEST SINGLE INVESTMENT IN RICE PRODUCTION

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DANGOTE MAKES AFRICA’S LARGEST SINGLE INVESTMENT IN RICE PRODUCTION

Africa’s richest man and king capitalist, Alhaji Aliko Dangote has pledged to invest $1 billion  (N165 billion) in Nigeria’s commercial rice farming; making it the largest single investment ever made in rice production on the continent. The investment will see the establishment of two modern integrated rice mills. They will both have the capacity to…

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AN UNCONVENTIONAL GUIDE TO BUILDING YOUR NIGERIAN STARTUP

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AN UNCONVENTIONAL GUIDE TO BUILDING YOUR NIGERIAN STARTUP

Of course, an additional benefit of picking a project you’re passionate about is that, like wine, you get better, over time. If we go back to FourSquare example, Dennis Crowley pretty much spent his whole life solving this one problem he was passionate about — how to find his friends. He co-founded Dodgeball and sold it off to Google (who unsurprisingly killed it), before co-founding FourSquare. They’re both location based startups.

An example closer to home might be said to be Ezra, who previously co-founded Eyowo and is now a co-founder of PayStack, both payment startups.

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KLIPBOARD IS AN ANAMBRA-BASED STARTUP PLAYING IN THE EDUTECH SPACE

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KLIPBOARD IS AN ANAMBRA-BASED STARTUP PLAYING IN THE EDUTECH SPACE

Klipboard is an Enterprise Resource Planning (ERP) platform that tries to “address the core challenges faced by school administrators as well as parents, teachers and students in Africa”.

Boasting features like school software management, fees management, inventory management, student-parents login, students’ result management, customizable platform and integrated payment platforms suited for each school, Klipboard supports their claim to have everything that a modern school needs to function effectively.

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HOW NIGERIA’S TOP TYCOONS MADE THEIR FORTUNES

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HOW NIGERIA’S TOP TYCOONS MADE THEIR FORTUNES

Building Nigeria’s future will be manna for infrastructure companies like Julius Berger. Its chairman is establishment heavyweight Mutiu Sunmonu, who also ran Shell’s Nigeria wing and sits on the board of Unilever Nigeria.
One of Nigeria’s other big infrastructure firms, Bi-Courtney, is run by the irrepressible billionaire Wale Babalakin.
The boom of indigenous oil companies has been the story of the last decade in Nigeria, with Wale Tinubu’s Oando so lucrative he moved some of his money with the help of the offices of Panamanian lawyers Mossack Fonseca of Panama Papers fame.

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FOR NIGERIA’S RAIL TRANSPORT, A NEW DAY BECKONS || BY IDOWU SAMUEL

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FOR NIGERIA’S RAIL TRANSPORT, A NEW DAY BECKONS || BY IDOWU SAMUEL

Efforts towards modernizing the Nigerian railway system had commenced in October 2006. An agreement was signed between Nigeria and the CCECC of China for construction of a standard gauge Lagos-Kaduna rail line, costing $8.3 billion. The project, well packaged was for upgrade of the entire rail system to standard gauge, covering a 25-year period. The project included the Port Harcourt-Kano line and the additional, Lagos-Calabar line (East-West).

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NIGERIA, WORLD’S FOURTH LARGEST PRODUCER OF CASHEW NUTS EYES 175,000 MTS IN SIX MONTHS

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NIGERIA, WORLD’S FOURTH LARGEST PRODUCER OF CASHEW NUTS EYES 175,000 MTS IN SIX MONTHS

According to the NEPC CEO in 2011, Vietnam imported over $140m worth of RCN and $46m worth of cashew kernel from Nigeria, adding that in recent years, export of Nigeria RCN had been increasing.
He said, “With a projected output of 175,000 metric tonnes of RCN in the just-concluded 2016 trading season, Nigeria is expected to earn over $200m at an average price of $1,200 per tonne in the international market.

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