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 LGAs Share ₦1.659 Trillion in May Revenue – FAAC

Nigerian Stock Market Dips as Investors Lose ₦183 Billion

Tight Liquidity Threatens Nigerian Banks Amid CBN’s 50% Reserve Policy – Report

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 Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG, States, and LGAs Share ₦1.659 Trillion in May Revenue – FAAC

by Stephen Akudike
June 19, 2025
0

The Federation Account Allocation Committee (FAAC) has distributed a total of ₦1.659 trillion as revenue for May 2025 among the...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Stock Market Dips as Investors Lose ₦183 Billion

by Stephen Akudike
June 19, 2025
0

The Nigerian stock market continued its downward trend on Tuesday, with investors facing a significant ₦183 billion decline in market...

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

Tight Liquidity Threatens Nigerian Banks Amid CBN’s 50% Reserve Policy – Report

by Stephen Akudike
June 19, 2025
0

A new report by Renaissance Capital has raised alarm over a deepening liquidity crisis in Nigeria’s banking sector, following the...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Tightens Oversight on Forbearance-Affected Banks to Bolster Financial Stability

by Stephen Akudike
June 18, 2025
0

The Central Bank of Nigeria (CBN) has placed banks still operating under forbearance measures under stringent supervision to strengthen the...

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 Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

FG, States, and LGAs Share ₦1.659 Trillion in May Revenue – FAAC

June 19, 2025
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Nigerian Stock Market Dips as Investors Lose ₦183 Billion

June 19, 2025

Popular Story

  • Guaranty Trust records N214.2b pre-tax profit.

    GTBank to Deduct N6.98 USSD Fees from Airtime Starting June 18

    0 shares
    Share 0 Tweet 0
  • IMF Forecasts: The Fastest Growing Economies in 2024

    0 shares
    Share 0 Tweet 0
  • BlackRock Joins Blockchain Platform Axoni for Equity Swap Trades

    0 shares
    Share 0 Tweet 0
  • Tight Liquidity Threatens Nigerian Banks Amid CBN’s 50% Reserve Policy – Report

    0 shares
    Share 0 Tweet 0
  • Fair Money Job Opening: Regional Sales Manager

    0 shares
    Share 0 Tweet 0
RateCaptain

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}
?>