RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Make Nigeria Better By Ayo Akinfe. Today’s Focus: Yobe State

Stephen Akudike by Stephen Akudike
July 22, 2024
in Economy
Reading Time: 3 mins read
A A
0
Make Nigeria Better By Ayo Akinfe. Today’s Focus: Yobe State
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Yobe State is arguably the most arid state in Nigeria as its northern tip is in the Sahel savannah, which borders the Sahara Desert. Those who nicknamed Yobe State the Pride of the Sahel probably envisioned an economy dominated by its climate and environment, but alas, this is not happening. Yobe State does not have a booming Sahelian economy. If we can achieve peace in Yobe State, the sky is the limit.

 

AlsoRead

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

FG Dismisses Plans for New Taxes on Fuel and Telecoms

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

For starters, being in the Sahel means lots of sunlight. Yobe is one of the largest states in Nigeria with a landmass of 45,502 square kilometers. It should thus be littered with solar farms that go on for miles. Maybe for now, two mechanized divisions of the Nigerian Army need to be located in the state to protect them against terrorists and banditry.

Yobe’s urban centers like Damaturu, Potiskum, Geidam, Gujba, Nguru, Gashua, and Kanamma should all have industrial estates where solar panel manufacturing factories are located. The state should be a one-stop-shop clean energy provider, even distributing the electricity to neighboring states.

Still on this climate matter, why is Yobe State not a major global producer of Sahelian crops like cotton, groundnuts, dates, millet, gum arabic, sorghum, guar gum, etc.? They have all the land in the world for mega US-style prairies that will give a new meaning to the term commercial agriculture.

Were I the governor, I would float a Yobe State Food Company, taking out a minority stake in it and get it to process all these crops into finished food items. We would target the export markets of neighboring West African states big time. I would make sure there is at least one branch of this company in each of our 17 local government areas.

Yobe State is also rich in solid minerals, with large deposits of gypsum and kaolin in particular, which are available in commercial quantities in Fune Local Government Area. No doubt, the likes of Rio Tinto need to be invited in to prospect for these minerals with a processing plant opened in Damagum, the local government headquarters.

Livestock is another area in which Yobe State is a big player, as it has one of the largest cattle markets in West Africa, located in Potiskum. I want to see Yobe State open one of the world’s largest cattle ranches in, maybe, say, Bursari Local Government Area. Basically, build a new town from scratch around it with a ranch, veterinary school, meat processing companies, a police station, a veterinary clinic, etc. Let it be so popular that every nomadic Fulani herdsman will want to settle there.

Were I elected as the Yobe State governor tomorrow, I would launch the most audacious economic plan Nigeria has ever seen. Yobe is under threat from desertification, so I would unveil a program known as the Desert Economy Plan involving the widespread cultivation, processing, and sale of cactus and cactus products.

Do you know that in 2021, Mexico generated $20 million from the sale of cactus products? I would open cactus farms right across the northern tip of the state and then open a Yobe Cactus Processing Company in somewhere like Nguru to produce tequila, cactus soap, cactus cream, cactus meal, cactus dye, cactus herbs, etc. My target would be annual export revenue of $2 billion.

Yobe State also has several tourist attractions including Gooya Valley, Ngazargamu, Dagona Birds Sanctuary, Gujba Forest Reserve, and Dufuna canoe. They all need to be upgraded with hotels, bars, restaurants, and amusement parks built around them. To do this, the security situation has to improve dramatically.

Previous Post

China Cuts Key Interest Rates to Stimulate Growth: What Nigeria Can Learn

Next Post

Forex Inflows via IMTOs Reach $1.07 Billion in Q1 2024: CBN

Related News

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

by Victoria Attah
June 18, 2026
0

The Federation Account Allocation Committee (FAAC) has distributed N2.3 trillion from May 2026 revenue to the Federal Government, states, and...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

by Victoria Attah
June 18, 2026
0

The Federal Government has strongly refuted reports claiming it intends to introduce new taxes on petroleum products and telecommunications services,...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

by Jide Omodele
June 18, 2026
0

Nigeria posted a significantly stronger external position in the first quarter of 2026, with the current account recording a surplus...

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

by Bolarinwa Mathew
June 16, 2026
0

The International Monetary Fund (IMF) has raised concerns over the rapid adoption of U.S. dollar-denominated stablecoins in Nigeria, warning that...

Next Post
NEC Affirms CBN $3 Billion Loan for Naira Stability

Forex Inflows via IMTOs Reach $1.07 Billion in Q1 2024: CBN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

June 18, 2026
2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

June 18, 2026

Popular Story

  • Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

    Dangote Refinery Lowers Petrol Price to N1,252 per Litre in Response to Depot Competition

    0 shares
    Share 0 Tweet 0
  • FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

    0 shares
    Share 0 Tweet 0
  • Naira Weakens to N1,361.5/$ as FX Market Turnover Drops Sharply

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

    0 shares
    Share 0 Tweet 0
  • FG Dismisses Plans for New Taxes on Fuel and Telecoms

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>