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MAKING LIFE WORTH LIVING...

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CENTAL BANK OF NIGERIA (CBN) INTERVENTION FUNDS AND THE RESURRECTION OF THE BANKERS EQUITY FUND

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  A couple of days ago I was pleasantly surprised by the announcement that the Central Bank of Nigeria  ( CBN ), has released the modalities for the operation of the 26.87 billion Naira Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) which was approved by the Bankers Committee at their meeting held in February this year (2017). They agreed under the persuasion of the CBN to set aside 5% of their Profit after Tax (PAT) annually to create an equity fund with which they will invest in Agri-Businesses and Small and Medium Scale Enterprises (SMEs), including start-ups. So soon 26.87 billion Naira has already been raised and an SPV named Bankers Fund Managers Ltd is up and running, geared to begin investing.     I was excited that the CBN is pushing on all sides to provide investible capital to complement the various intervention development loans it has been pushing to help heal a major disease afflicting Nigeria's small businesses - poo...
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IS INEC REALLY PREPARING FOR SUCCESS OR FAILURE?

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Usually, there are many parties to every contest. In a football contest you have the teams, the referee and his linesman, the spectators - supporters and opposers and then the managers of the stadium and finally those who control the crowd and provide safety for all.  This  is largely the same for all other sports. In Educational pursuits which can some times turn into a contest when we want to determine winners and losers for prizes, honors or for access to limited space, you have the Students, the teachers, the examiners and those who set standards. But in these situations there are always the most critical parties, those who really can make or unmake. Similarly, in political contests, there are many parties- the political parties, the electorates (voters), the electoral umpire, the security agencies and the government in power. The question is which party determines the election?    It depends. In normal circumstances, every party has significant impact. ...
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FGN: PERFECTING THE ART OF PURSUING SHADOWS

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There is trouble in the land. Anywhere you look there is consternation. The people of Nigeria are unhappy. Government seems to be failing in its critical responsibilities to the citizens. Many Nigerians had very difficult Christmas and new year celebrations because of a suffocating fuel scarcity. President Muhammadu Buhari (PMB) threatened to find out the so called saboteurs who caused the terrible fuel scarcity that disrupted the peace of most Nigerians over the Christmas / New year celebrations and to punish them severely. He made this threat in his new year address to the Nation on the 1st of January 2018. Firstly, I was not minded to take him seriously as it is common for government officials to manufacture " enemies" to explain away their failures. Sometimes the threats are merely empty threats, just made to give the citizens false comfort as nothing happens thereafter. For example, look at the several threats issued by government after each orgy of violence by maraudin...
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