SOUQ News TV’s Post

VISION TO OMISSION, NIGERIAN COASTAL HIGHWAY PROJECT: ABSTRACT: Any sociopolitical or socioeconomic service that underminds essential needs induces more friction and retardation in a derailing economy. INTRODUCTION: The idea of construction of coastal highway as source of channel, which could shorten distances between major economic cities of Nigeria is good. But Its completion, timing, study of future tidal encroachment due to climatic changes, payment for economic displacement of occupiers or users of the territory, possibility of full compensation and resettlement (in corrupt system like Nigeria), within the era of the contracting government, are hereby in doubt. ECONOMIC IMPLICATION: We learnt about the huge debt of Nigeria and the incessant complaints by the contracting government that Nigeria’s economy is ill. Considering the cost of such huge project, distortion of investors operation along the chosen link, the unemployment inherent in the displacement of business operatives within those zones, issues of community displacement due to encroachments on aboriginal sites, settlements and other logistics costs, the project though interesting, yet has far reaching predicaments. EFFECTS OF SHIFT FROM PLANNING: Information from the short video below, indicated that the coastal road network shifted from the originally scheduled master plan to a new proposal. This kind of shift in strategy, when investors have already avoided the official RIght of Way to confidently invest at neutral zones but just to be disappointed in the long-run, will have adverse effect on employment, because employees’ contracts will be terminated thus sending more labor seekers into the market, thereby increasing the deep problems of unemployment and starvation in the system with adverse increase in crime too. Investors without alternative location, will eventually close their business hence affecting the internally generated revenue for the States and Federation. CONCLUSION: It is obvious that nothing would stop the government from the continuation of demolition, which is often an easy and interesting jobs for most Nigerian leading executives to perform. But the main project might not go as smooth as the destruction. It is also known that Nigerian governments usually destroy to gain space they eventually would not use after all, thereby torturing souls and sending many to early death because, most times the government pay less than the value of the property and fails to resettle displaced people. The project might not also get completed at the end yet billions of naira will be annnounced as expenditure, which the executives eventually have shared and issuing some to the legislators and Judiciary to avoid impeachment and future judicial condemnations. Therefore, this proposed coastal link road may become another money jamboree. A source to offset financial crimes. Nigerians are going into another era of more debts and new fantasy project. I pray this works.

Have you ever questioned the effectiveness of "these summits" — wondering if they really lead to actionable change? Well, for 30 years, the Nigeria Economic Summit Group (NESG) has been at the forefront of driving economic reforms and policy conversations in Nigeria and I can confidently say that NESG has been a critical force in shaping our nation’s growth...as I have been involved in a few. Here’s a short video from one of the interviews on the sidelines of the summit. If you’ve been skeptical too, this clip may just open your eyes to the real, lasting impact Nigerian Economic Summit Group (NESG) has had. Are you registering for NES 30? Be part of the next wave of change! #NES30 #EconomicGrowth Abdullahi A. Sule

🇳🇬 Reflecting on President Tinubu's First Year in Office: A Turning Point for Nigeria? As we mark one year since President Bola Ahmed Tinubu took office, it's crucial to evaluate the impact of his policies on Nigeria's socio-economic landscape. From the bold move to eliminate fuel subsidies to his efforts in attracting foreign direct investment, his administration has initiated several pivotal changes. But the question remains: Are these measures paving the way for a sustainable future, or are they adding strain to the already burdened Nigerian populace? Hannah Agbai conducts a comprehensive review of his first-year performance and delves into the effectiveness of developed policies and their real impact on the lives of over 200 million Nigerians in our latest insight. 🔗 Read the full insight here - https://lnkd.in/eZZyXhMF   #Nigeria #Tinubu #Leadership #EconomicPolicy #VerivAfrica

Launching a business in Africa? Avoid costly mistakes! Get a FREE 30-day trial of Kasi Edge. Learn from real-world examples like Heineken's struggles in Nigeria and Tanzania's economic shifts. Kasi Edge provides affordable access to consumer insights to help your business thrive. #EntrepreneurLife #StartUpSuccess Don't miss out - visit our news and analysis page for more information. https://lnkd.in/gEAibZm4

Happy Independence Nigeria. Today marks 64 years of our nation’s independence, a time to reflect on our past, acknowledge the challenges we face, and most importantly, renew our hope for a brighter future. Nigeria is a country brimming with incredible human capital, rich cultures, and resilient spirits. Despite our current difficulties, I truly believe we are blessed with the resources, talent, and potential to rise above them. It is my hope that our leaders will realize the immense power in our diversity and the untapped possibilities within our nation. May the government do the needful, creating the environment for innovation, growth, and unity to thrive. Together, let’s hold on to the vision of a better Nigeria, one where peace, progress, and prosperity are not just aspirations but realities. #NigeriaAt64 #IndependenceDay #HopeForNigeria #Leadership #HumanCapital #TogetherWeRise

In our journey towards economic prosperity, the private sector plays a pivotal role in driving innovation, creating jobs, and fostering sustainable development. I was excited to see Tony O. Elumelu, C.F.R at the shared iftar at the presidential villa, where they had a discussion regarding the Nigerian economy. Bringing visionaries like Tony Elumelu to the forefront is crucial for realizing our country's economic potential. Their innovative ideas, strategic investments, and commitment to excellence inspire confidence and drive progress in key sectors such as finance, technology, healthcare, and agriculture. I believe that by harnessing the ingenuity and dynamism of the private sector, we can unlock new opportunities, drive inclusive growth, and build a brighter future for all Nigerians. Together, let's continue to champion entrepreneurship, foster innovation, and create an enabling environment for businesses to thrive. I would also like to extend my heartfelt appreciation to the President of Nigeria for his unwavering efforts in transforming our country's economy. His vision, leadership, and dedication to driving economic reforms are instrumental in shaping a prosperous future for our nation. Let's continue to work together, harnessing the power of the private sector and government collaboration, to build a resilient and vibrant economy that benefits every Nigerian. #PrivateSectorLeadership #EconomicTransformation #TonyElumelu #NigeriaEconomy #ThankYouMrPresident

We Have What It Takes To Turn Around The Economy - Aliko Dangote The business mogul and richest African has reiterated his commitment to help Nigeria attain the status of a great nation and the giant it is. In his words, he made this known after a meeting with President Bola Tinubu at the State House which had other top businessmen and industrialists in attendance. In his words: We Have What It Takes To Turn Around The Economy - Aliko Dangote The business mogul and richest African has reiterated his commitment to help Nigeria attain the status of a great nation and the giant it is. In his words: “I think we had a very good meeting and what we discussed is generally about the economy, food security and security of the nation. We discussed everything in detail. There is the economic presidential advisory committee which has been set up and I think this will look at all the issues and address them, coming from job creation, food security, coming from also reflected the economy.”

Insightful Discussion with Johnson Chukwu Today, we sat down with Johnson Chukwu, GMD of Cowry Assets Management Limited, to dive into some of the most pressing economic issues facing Nigeria today. Don't miss out on his expert analysis and insights! #JohnsonChukwu #EconomicIssues #CowryAssets #FinancialInsights #NigeriaEconomy #MoneyTalks Johnson Chukwu Nancy Illoh-Nnaji

We are delighted to be part of this pivotal conversation! Our CEO, Ogechukwu Modie, looks forward to sharing valuable insights on seizing opportunities in the African Continental Free Trade Area (AfCFTA) at the 30th Nigerian Economic Summit. As a leading knowledge hub, Kairos Knowledge Centre is dedicated to equipping young entrepreneurs with the skills and insights necessary to leverage the opportunities presented by the African Continental Free Trade Area (AfCFTA). Through strategic guidance and innovative training, the centre enables them to navigate the complexities of AfCFTA and unlock its full potential for growth, scalability, and market expansion. We invite all interested stakeholders to join this CEO Roundtable and gain practical knowledge on: - Leveraging the AfCFTA for market expansion - Overcoming challenges in the new trading landscape - Harnessing economies of scale and scope #KairosKnowledge #AfCFTA #Opportunities

Volume Two: Management of the Economy Explore President Muhammadu Buhari's bold vision for Nigeria's economic growth! "Management of the Economy" is the second volume of "Muhammadu Buhari: The Nigerian Legacy" series, offering an in-depth look at his administration's economic policies, reforms, and achievements. From diversification to stabilization, discover how his leadership shaped Nigeria's economic trajectory. Delve into the strategies, challenges, and successes that defined his economic agenda!_ Limited Time Offer: 10,000 off your order! You can pick up if you are in Lagos. #BuhariLegacy #EconomicReforms #NigerianEconomy #Leadership"