Investogist
No Result
View All Result
Thursday, October 23, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

    NNPC acquires equipment to build 40 CNG filling stations

    NNPC Revenue Dips to ₦4.27tn as Crude Oil Output Falls in September

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Meta set to lay off employees in Africa, Europe, Asia

    Meta cuts 600 AI jobs amid internal restructuring

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods Cites Data Migration for Possible Delay in Filing Q3 Financial Statement

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Okomu Oil Palm Plc announces N10 interim dividend

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

    NNPC acquires equipment to build 40 CNG filling stations

    NNPC Revenue Dips to ₦4.27tn as Crude Oil Output Falls in September

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ned Nwoko Denies Domestic Violence, Accuses Regina Daniels of Drug Abuse

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Major Shift: Mathematics No Longer Compulsory for Non-Science University Entry – FG

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Transcorp Power Grows Profit, Revenue Surges to ₦308.5bn in Q3 2025

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    Coca-Cola to Launch 7.5-Oz Mini Cans in U.S. Stores

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    QatarEnergy Secures 27% Stake in Shell’s North Cleopatra Block Offshore Egypt

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    Trump warns of trade cuts with China over soybeans

    The New Tax Acts and Tax ID – What You Need to Know

    Nigerians to enjoy benefits of new tax laws from January 2026 – Oyedele

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    CBN Tightens Agent Banking Operations, Introduces Transaction Limits

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Meta set to lay off employees in Africa, Europe, Asia

    Meta cuts 600 AI jobs amid internal restructuring

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Transcorp Hotels Grows Q3 Profit by 45% as Revenue Hits ₦72.3 Billion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    Apple Stock Reaches All Time High of $260 as Market Cap Nears $3.85 Trillion

    BUA Foods Plc reports N418.3 billion revenue for 2022 FY

    BUA Foods Cites Data Migration for Possible Delay in Filing Q3 Financial Statement

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Okomu Oil Palm Plc announces N10 interim dividend

    Ford Announces Move to New Global Headquarters in Dearborn

    Ford Recalls 625,000 Vehicles for Faulty Rearview Cameras and Seatbelt Anchors

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Germany Signs Multi-Billion Euro Deal for 20 Advanced Eurofighter Typhoons

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Binance Announces $400 Million Recovery Initiative After Crypto Crash

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Opinion & Analysis Op-ed

Ogun & Lagos sign MoU on rail project, WHY NOT South East?

Sunday, 24 July 2022, 8:07 am
in Op-ed, Opinion & Analysis
0
Ogun & Lagos sign MoU on rail project, WHY NOT South East?
Share Share Share Share Send as Email

Soon, the 31-kilometer redline passengers rail service from Oyingbo in Lagos State to Agbado in Ogun State will become operational. Infact, information coming out of both state government houses say that the operations on the rail line are expected to begin in the first quarter of 2023.

Both states recently signed a Memorandum of Understanding for this rail project.

Secretary to the Ogun State Government (SSG), Tokunbo Talabi, noted the project is a significant achievement in the series of developments engendered by the Lagos/Ogun Joint Commission.

Read also; FG discusses nationwide Okada ban as an approach to containing insecurity

He added that the development was an achievement from the robust understanding and synergy between the governors of Lagos and Ogun states in taking advantage of their proximity to better their economies and the lives of their citizens.

As an Igboman from South Eastern Nigeria, I have on multiple occasions argued amongst friends and family, that we can harness the enterprising spirit of the Igbo person and turn the South East into a thriving economic block that can stand and negotiate its own economic path with the Nigerian federation and other states of the country, and even with other nations.

After all, States like California in the United States of America do go out to negotiate it’s economic interests with other countries and foreign corporations, despite being a part of the United States.

A close look at the concentration of industries in Nigeria clearly shows that Lagos and Ogun States are in a league of their own. Data on Foreign Direct Investment into the country confirms this fact in numbers.

The government of these states know this, and are both actively trying to widen that gap between them and the others, thus positioning themselves as the most preferred location for industries in the country.

Yes, one can argue advantages Lagos has as the commercial capital of the country and the rubbing-off of those advantages on Ogun State. It is a valid argument, but also an excuse for a State that is bereft of visionary leaders.

The city of Detroit in the State of Michigan in USA at the turn of the 20th century was the heartbeat of the American automobile industry, it was infact called Motor City. The city had since gone into decline owing to competition from other States. As it declined, California rose.

The State of California is now seeing an exodus of businesses (eg. Tesla Inc.) and residents, many of whom are moving to Texas and Florida. Texas and Florida are not attracting these Businesses as a result of their complaints and lamentations, they are doing so by their policies and improvement of business environment, while being aided by Californian laws that residents and businesses are frowning at.

Coming back home to Nigeria, Ogun State is already planning to extend the train services beyond Agbado to other parts of the State such as Ijoko and Kajola, among others.

The Ogun State Commissioner for Transportation, Engr Gbenga Dairo stated after the signing of the MoU that “the two states are already taking advantage of the significant investment of the Federal Government through the Nigeria Railway Corporation (NRC) along the Lagos/Ibadan standard gauge railway infrastructure to ensure transportation is effective and efficient to serve the economic needs of Lagos and Ogun as the commercial nerve and industrial hub of the nation respectively.”

We, the Igbos of the East pride ourselves as the ones holding the economy of the country, and the most enterprising, why then can’t our states give Lagos & Ogun a run for their money. Afterall, don’t we have Onitsha, Aba and Nnewi commercial centers, great agricultural capabilities in Abakaliki and Arochukwu, refined administrative and academic cities of Enugu and Owerri?

Let us agree to some extent on the marginalisation of the South East, but then, we have a popular saying that “Onye ajuru ajụ anaghị ajụ onwe ya.” “He that is rejected does not reject himself” is a very wise phrase passed down to us from our forefathers, but we seem to have rejected ourselves, and even pride ourselves with the rejection of ourselves.

How difficult could it be to build an Eastern Economic Block? It has been done before, according to stories we were told while growing up.

Golden Guinea Breweries, Premier Breweries, Modern Ceramics, Nkalagu Cement etc all rose in the East just as the sun rises in the East.

As Lagos and Ogun sign their MoU, it should set off self assessment and debate in Igbo land. A debate devoid of name calling and saboteur tagging, an honest debate on where we are as a business oriented people and where we want to go.

Why not a MoU signed by the 5 South Eastern states on an Eastern Railway corridor; Onitsha – Awka – Enugu – Abakaliki – Arochukwu – Umuahia – Aba – Owerri – Nnewi – Onitsha?

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • IMG-20220807-WA0002
    Turkey and Russia sign MOU, to use Russian ruble as…
  • NLNG Disclaimer
    We are NOT recruiting for the Train 7 Project - Nigerian LNG
  • Sakhalin
    Japanese firms are not considering quitting Russian…
  • SERAP-VS-BUHARI-1
    President Buhari approves partial lifting of…
Previous Post

Nigerians will soon know the “actual truth” about Atiku – Gov Wike

Next Post

12 dead members still listed on the N’Assembly website – report

Next Post
12 dead members still listed on the N’Assembly website  – report

12 dead members still listed on the N'Assembly website - report

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

Binance Announces $400 Million Recovery Initiative After Crypto Crash

Binance Announces $400 Million Recovery Initiative After Crypto Crash

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

Meta set to lay off employees in Africa, Europe, Asia

Meta cuts 600 AI jobs amid internal restructuring

Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

FG Spends 35.26% of 2024 Budget on Debt Service, Records ₦13.51tr Fiscal Deficit

NNPC acquires equipment to build 40 CNG filling stations

NNPC Revenue Dips to ₦4.27tn as Crude Oil Output Falls in September

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved