Powering the future: Nigeria’s pivotal role in shaping the global electric vehicle ecosystem
The article highlights Nigeria’s strategic position in the global shift towards sustainable transportation, specifically in the electric vehicle (EV) industry. With abundant lithium and copper reserves, Nigeria is positioned to become a key player in the EV supply chain, potentially transforming its economy and industrial development. The surge in global demand for EVs has intensified competition for critical minerals, making Nigeria’s resource abundance even more significant.
The establishment of a robust EV value chain in Nigeria presents numerous investment opportunities, including mining, battery manufacturing, and infrastructure development. This not only drives innovation and local manufacturing capabilities but also contributes to economic diversification and job creation.
To fully harness this potential, the Nigerian government should implement favorable policies, incentives, and regulatory frameworks to support the growth of the electric vehicle industry. Collaboration with international partners becomes crucial, focusing on technological expertise, research capabilities, and market access.
While the prospects are promising, challenges such as infrastructure development, workforce availability, and sustainability must be addressed through strategic planning and public-private collaborations. Overall, Nigeria stands on the forefront of the electric revolution, poised to contribute significantly to the global electric vehicle market with its abundant resources, strategic investments, and collaborative initiatives.
Unlocking prosperity: The persuasive case for trust structures in preserving intergenerational wealth in today’s world.
For decades, Wills have been the most conventional approach towards achieving wealth preservation. While Wills has been faced with its pitfalls, this article highlights the shift from conventional Wills to setting up a Trust as a more seamless means of preserving intergenerational wealth.
Building resilience: recapitalizing nigerian banks in the face of severe naira devaluation
This article analyses the strategy of the Central Bank of Nigeria (CBN) to recapitalize Nigerian banks in order to pave way for Nigeria’s projected economic goal of achieving a Gross Domestic Product (GDP) of $1 trillion over the next 8 years. The article highlights why it is crucial for Nigerian banks to increase their current capital base of N25 million in view of gross loss of value occasioned by depreciation of the Naira and inflationary pressures. Importantly, the article addressed strategies which Nigerian banks may explore to raise funds to enable them meet the revised capital requirements.
The Hidden Faces: unveiling ultimate beneicial ownership in Nigerian entities
In the intricate world of corporate governance, understanding the nuances of significant control or ultimate beneficial ownership is akin to unravelling a well-guarded secret. This crucial aspect of the corporate governance has long been shrouded in mystery under the Nigerian corporate legal landscape. For decades, the identities of those who truly possess control and derive economic benefits from Nigeria entities have remained concealed, often shielded by layers of opaque entities and offshore structures. This lack of transparency has not only raised concerns about financial integrity and accountability but also hindered the country’s efforts to combat corruption, money laundering, and illicit financial flows.
This article delves into the labyrinth of a person with significant control or beneficial ownership, exploring its significance, regulatory landscape, and the measures Nigeria has put in place to foster transparency
Enhancing dollar liquidity in Nigeria through securitization: prospect and risks
Dollar liquidity in Nigeria has been a huge economic challenge in the country in recent times. As a major step to enhance dollar liquidity in the country, the Federal Government of Nigeria (FGN) announced its plan to securitize its expected dividends for a period of 5 years in Nigeria Liquefied Natural Gas Limited (NLNG) in favor of its lenders, to raise $7 billion.
This step holds significant opportunities for the country’s economy, but it also comes with inherent risks that need to be carefully evaluated. These opportunities and the possible risks are addressed in this article.
FIFA’s latest commentary on its regulations on status and transfer of players: an exclusive summary
In keeping with its commitment to release a commentary on her Regulation on the Status and Transfer of Players (RSTP) bi-annually, the Fédération Internationale de Football Association (FIFA) issued a commentary on the RSTP on November 28, 2023. Here is an executive summary.
Unveiling the concept of legitimate interest: A guide for controllers and processors in the Nigeria’s data landscape
The introduction of legitimate interest as a basis for processing data is a commendable imitative by the drafters of the Nigeria Data Protection Act, 2023. This provision offers flexibility for controllers and processors, enabling a pragmatic approach to address various situations where explicit consent may not be suitable.
However, striking a balance between meeting legitimate needs and respecting the rights of data subjects demands thoughtful consideration. This article delves into the significance of legitimate interest in sustaining an equilibrium between individual privacy and the interests of processors.
Perchtone & Graeys Tech Regulatory Report for Q4 2023
As is our usual practice, here is a summary of relevant regulations, guidelines and circulars issued by regulators in the fintech space during the last quarter of 2023