₦airaland Forum

fatadis:
This is one of the few sensible post I have read on Nairaland lately.

I am simply appalled at how Nigerians have lost the ability to be analytical.

Someone somewhere is looking for that 10k to patent an idea so he can run with his vision which others with the money have not bought into.

Someone somewhere is begging relatives for the same 10k so they can start cooking and selling food but are being denied


Someone somewhere has been praying for help from any quarter to help his business grow to the next level and here is a life line and some jobless internet time wasting people who cannot even spare the same 10k are condemning a move that would help alleviate adverse conditions for 2 million WISE and INTELLIGENT Nigerians.

seguno2:
Can you please keep your super story for your next BMC meeting?
Maybe the APC zombies will buy it

I own a piggery and that's public info. I know how I began and its people like you who never appreciate any gesture of goodwill from anyone because you have an entitlement mentality

harmbhrosz:
mumu, the whole country cannot be a petty trader, your stuppid logic of small businesses drive big businesses gave up your level of reasoning,

Let me lay it out to you,
The small businesses don't have issues in starting up their businesses but they won't go far because most of the buyers are unemployed which means debt or low patronage will kill the business.

When big industries are everywhere and most people are employed with good pay, the said employed people will have enough money to patronise the small businesses hence the petty trade market will boom because people are working and they have enough money to buy what they want.

How many millions of people has pass through NYSC with 19k and how has that helped them grow?

Now who is thinking upside down? The industrious China and US became developed with petty trades right?

The problem with you people is simply small mindedness.

When you begin to despise the days of your small beginnings that is when you begin to fail.

Go and read about how Oando began and bury your head in shame.

Many who are millionaires today began with little or next to nothing.

There was a story about a kerosene seller shared on nairaland some time ago and how she started off by selling bottles if kerosene and grew to gallons and today she owns her own petrol station and you sit there and condemn small beginnings.

Your growth will continue eluding you because its people like you that build castles in the air with no cash at hand and even when given 1 million you would still complain its too small as you squander it

Teacher1776:
U can sell your vote for 10k. Not me.

My vote is intact and cannot be bought especially since I can afford to pay you free salaries for the next 10years

harmbhrosz:
mumu, the whole country cannot be a petty trader, your stuppid logic of small businesses drive big businesses gave up your level of reasoning,

Let me lay it out to you,
The small businesses don't have issues in starting up their businesses but they won't go far because most of the buyers are unemployed which means debt or low patronage will kill the business.

When big industries are everywhere and most people are employed with good pay, the said employed people will have enough money to patronise the small businesses hence the petty trade market will boom because people are working and they have enough money to buy what they want.

That is where you are wrong. MAJORITY of the people IN THE MARKETS ARE PETTY TRADERS.

Many do not have access to loans to boost their businesses due to inability to provide collateral to.match such loans.

This is a life line to so many out there. 19k repayable in 6 months and then have access to 50k. Growing a business from scratch is possible and has been done all over the world (google is your friend)

Your myopia and laziness is what is caging you

seguno2:
Must everyone following Buhari and APC be a dullard?
What kind of reasoning is this
Chai.

Its called having an entrepreneur spirit.

I started my business with less than 40k.

I bought a pregnant Pig with less than 40k less about 3 years ago and today I run a business that is worth over 5m

Many of you enjoy being spoonfed. Even in countries as comfortable as USA nobody spoonfeeds them, if you refuse to work, you starve or get thrown out into the streets so you see people working 3 or 4 jobs.

Grow up and stop thinking like a child

Curry30:
Even NYSC pays 19.8k/month. What has Corps members got to show for it?

How much less 10k to a trader? NA WAAH OH

I have never seen a group of people who lack the ability to understand whatever they read and who talk stupid like Nigerians.

The condition given for this loan is so cheap and so easy that its almost a give away.

10k repayable within 6 MONTHS and thereafter you qualify for 50k and all you can see is 10k.

Some of you are just plain impossible

Teacher1776:
abeg go sit down. 10k na money?

Since its not money to you, show us a video of you flushing 10k down the toilet or setting it on fire or even giving it to someone less privileged

Aadeyinka:
Lazy govt , can't provide employment but toy loan, very disappointed

Go and create your own employment and stop being an oliver twist.

Those who became employers of labour do they have 5 heads while you have half a head?

harmbhrosz:
go and sleep joor, you people support rubbish too much, if something is to be done, let it be done well, you yourself what business exactly can you grow with less than 20k?

Go and ask the crayfish seller, the groundnut seller, the moi moi seller, the chin chin seller, etc.

This is called PETTY BUSINESS and this move is what is attainable in the business world.

The small businesses drive the big businesses same way you have streams emptying themselves in rivers and rivers into seas.

Even nature follows this simple method. Kill the small businesses and the big businesses die too. Encourage the small businesses and the big businesses thrive.

Stop thinking upside down

SenatorCharles1:
Yea, we should be talking about a PMB NATIONWIDE developmental projects, infrastructural improvements, security and not the worthless political movement you are bragging of here....!!!!


Shame again on all enemies of democracy and progress of #Nigeria

Yes o shame on you!

kelikell:
This is where it will end, after certificate, they will tell them they never promised them loan just as they did to youwinconnect winners,stupid govt

You wish it would end there wouldn't you same way you were scammed for 16 years under PDP.

Well beneficiaries have all collected and the initiative is being expanded to other states in the federation

ak22:
Which kind loan be dis #10,000 & #15,000
If you want to help please help and if you don't want to help don't help rubbish

From the OP

Under the scheme, beneficiaries can get access to a higher facility ranging from N15,000 to N50,000 when they repay N10,000 within the stipulated time period.

The goal of the Buhari Administration is to use the TraderMoni to take financial inclusion down to the grassroots, the bottom of the ladder, considering the contribution of petty traders to economic development. The Federal Government is also aware of the fact that many of the petty traders don’t have what the commercial banks require to grant them loans.

This administration is keen to ensure that such traders at that level are able to build their businesses and grow.

SenatorCharles1:
He was the proverbial goldfish that leaped out of the bowl, his movement is not hidden...!!!

We are talking about a PMB nationwide movement and you are busy talking about a kwankwaso state movement.

Abeg go and take several seats

gare:
what you dont seem to understand is that your analysis above can only thrive in a friendly business economy with all the necessary infrastructures in place like regular power, security, good roads, goo taxation system for your information we have moved on, you can sit there in Nigeria waiting for handout from the govt to Nigerians without good business plans, after 6 months of this handout check the beneficiaries you will see the money is all gone.

I am not against the hand out but that is not the first thing for them to do, there is still need for a lot to done on the economy before this handout, i bet you the economy will swallow the handout and it will seems as if nothing was done in the first place

Not everyone needs regular power to run a small business on a micro level.

Only a fool would throw away encouragement being given to them and not utilize their chance

E don dey red.

- The rally was held to show the constituents opposition to the decision of the senator to defect from the APC -

The protesters carried placards that accused Senator Shitu of being corrupt, a 'Saraki-boy' and a poor opposition to President Buhari who they claim will remain in office till 2023 -

The protest was led by Bala Umar, an APC chieftain and close ally of state governor Badaru No fewer than hundreds of Jigawa state residents on Sunday, August 12 protested in the streets of Hadejia local government area against the recent defection of Senator Ubale Shitu from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP).

Premium Times reports that the protesters moved in a procession all the way to the emir’s palace chanting against the federal lawmaker and accusing him of being a thief for rejecting President Buhari and APC. At the emir’s palace, they demanded Shitu’s resignation from the National Assembly.

According to the report, the convener of the rally Bala Umar, who is a chieftain of the APC and ally to Governor Mohammed Badaru, told pressmen that they protested to that Senator Shitu’s defection to PDP was not approved by them - his constituents.

He said: “Before Mr Shitu defected to PDP, whenever you came to his official residence in Hadejia, you will find hundreds of people with him. But since he announced his defection to PDP, he is now sneaking out and in of Hadejia in fear.

” Senator Shitu, who represents Jigawa North-east Senatorial District, is one of the fifteen senators who recently defected from the APC to PDP on the floor of the Nigerian Senate. Read


more: https://www.naija.ng/1185909-jigawa-residents-protest-defection-senator-shittu-apc.html#1185909

FarahAideed:
This your Buharis logic of calling anyone at speaks against this very bad govt as lover of thieves is dead on arrival...You call people thieves but in 3 years your President has not been able to jail any till date ...

Yet you call him a dictator and a tyrant despite him not influencing the same judiciary your corrupt PDP of 16 years has influenced.

Your head must be paining you.

And yes you all are looters and thieves

gare:
This is what i have said all along no plans to move this country forward, now its hand me down, how can this guys do business and survive when we do not have a healthy economy, this will not work, we need and plan and good policy to move the country forward.

You are obviously a tree rooted to one spot.

Everyone is moving forward in Nigeria except you .

Even the market women in the OP are so glad at the financial boost regardless of how little it is and will move forward with it and you sit there and say " it will not work".

See armchair economists that do not know that its the little businesses on the streets that drive bigger businesses same way a stream empties itself into a river and a river into the sea.

Even nature teaches these simple economic principles but can you see that? Of course not.

Keep wailing

FarahAideed:
So you think if stop typing in bold fonts we won't know you ? I know how your evil mind works and I can spot your traits all over that butterfly moniker

Oga shut up with this your paranoia.

Gavelslam isn't me and if you think I am behind that moniker then I can see why you would blindly follow and support thieves and looters especially since your mind is now on auto drive and becoming erratic

SalamRushdie:
So diabolic GavelSlam is the miserable butterflyle0 , very interesting and here I was thinking Gavel had repented

Look at this cretinous lout calling me miserable. I am sure you do not even know what that word means.

Dude I am so loving the pains you and your sort are passing through right now.

As e dey pain you, e dey sweet us.

We are a movement known as Buharists and your pains are about to get jacked up.

FarahAideed:
Are you tired of playing butterflyle0 already ...You think everyone is like you shei...this is m only moniker

Who is playing me? Now I know you have gone full rètard.

So you are already dreading me

You never chi chun chin yet.

I am here to torment you more.

Sharpshooota:
As elections comes close
BMC stipend has been increased

Only the gullible will be deceived

Ode so for your mind dem dey pay me abi?

Carry your looters media crew noise out of here

CodeTemplar:
APX and noise. How many houses self?

PILOT PHASE ----- 3000 FMBN houses.

I know you know what Pilot phase means

NoToAutocracy:
I have noticed that no body is talking about good governance again. Election is around the corner, the closer it get the more propaganda APC dish out. All APC apologist are only talking about Buhari’s popularity, to them that alone is good for Nigerians, I don’t know how Buhari popularity or 2019 will put food on the poor mans table. APC have the idea that Buhari is on ground because they won a senatorial election and HOR which they had all their focus on, forgetting that 2018 election won’t be 2019 because you can’t focus on one state, election will be held in 36 states across the nation.

I will imploy Buhari to use the remaining months he has as President to build a good reputation base on good governance and stop the personal vendetta against opposing

What nonsense is this one saying?

Good governance is not IN TALKING! IT IS IN DOING

FarahAideed:
More lies from the pits of hell to misconstrue the truth as captured

Ode! You are reading something with credible info and you are still saying its lies.

Your mental block is just starting

As e dey pain you, e dey sweet us.

PMB SAK!!

The Federal Mortgage Bank of Nigeria (FMBN) is to commence the implementation of a Rent-To-Own Housing Scheme.

This follows the approval of the plan that will provide affordable houses for Nigeria workers, by the board of the organization.

The FMBN Rent-to-Own scheme is an innovative, affordable housing product, which provides an easy and convenient payment plan towards home ownership for Nigerian workers, according to a statement by Spokesman of the organization Mr. Zubaida Umar.

He said: “The scheme is specifically designed to make it possible for Nigerian workers to move into FMBN homes as tenants, pay for and own the properties through monthly or yearly rent payments spread over periods of up to 30-years.

“It will also attract a single digit interest rate of nine per cent on the price of the property on an annuity basis. The product will cover properties with the maximum value of N15million.”

The rent-to-own housing product targets Nigerian workers who are contributors to the National Housing Fund (NHF) and will be implemented in phases. About 3,000 houses are planned for the pilot phase.

To deliver on the rent-to-own housing scheme, FMBN will partner with reputable estate developers for the construction of quality, cost-effective housing stock nationwide.

Payments for the houses will be domiciled with the CBN through the Treasury Single Account (TSA).

Properties that are planned for the rent-to-own scheme are Existing Estates that are funded by FMBN nationwide and non-funded estates.

Managing Director/Chief Executive Officer of FMBN Dangiwa Ahmed said “the rent-to-own is yet another ground breaking initiative of the bank that is targeted at increasing access to affordable housing by Nigerian workers who fall into the low-medium income brackets.”

“The rent-to-own housing product is designed to make sure that any worker who collects a salary should be able to live in his own home and pay conveniently over periods as long as 30-years! This is a massive relief especially given how little workers earn. I am delighted that we have successfully added this product to the many other initiatives that we have made possible to make home ownership a lot easier for Nigerian workers”.

He added that the implementation of the scheme would eliminate the burden of equity contributions by workers for housing loans, complement the existing products of the bank by widening the home ownership bracket, increase housing stock, and help the bank to utilize abandoned estates that are to be transferred to the scheme.

The CEO commended President Muhammadu Buhari for his commitment to the development of housing and the Minister of Power, Works and Housing, Mr. Babatunde Fashola for his continued support for the ongoing reforms to re-position FMBN on the path of efficiency and impact.

Link

http://thenationonlineng.net/fmbn-approves-rent-to-own-housing-scheme-for-workers/

Mynd44, OAM4J Nigeria is getting better and this must be encouraged.

Eponyeeboz:
WAI is

Waziri Aminu (Tambuwal)
And
Ike (Ekweremandu

War Against Indiscipline ( WAI)

limeta:
In Jona time they did not need loans
Business was booming .
First they make you very poor and later come to pretend to rescue you
This is how Turkey became a Muslim country
APC is pure evil

PDP made Nigerians poor through 16 years of looting and mismanagement.

Do you suffer from selective amnesia?

This government is rather trying to reverse that by encouraging business growth at every level and as indicated by the OP, this one is for the lowest levels of business owners.

10k well utilized and repaid gives them access to 50k and 50k well utilized and repaid can grow their business to the levels of 500k if not more.

I personally can attest to how I began my own business with less than 40k, 3 yrs ago and today its worth over 5m and growing and this happened all during PMBs tenure.

Create a niche for yourself in business, consistently stay on it and be dedicated and you can even grow from just an idea with zero capital into a millionaire when you can sell your idea to someone with the money you need to commence.

Stop being pessimistic and stop thinking like an oliver Twist.

SadMemories:
@ I REALLY FIND IT CONFUSING WHETHER YOU ARE THE GUY IN RELIGION SECTION, CUZ WITH ALL THESE SUFFERINGS IN THE LAND, YOU STILL ACT AS A MOUTHPIECE TO THE EVER LYING APC PARTY. THIS SAYS A LOT ABOUT YOUR DECEPTIVE HEART.

Yes I am that same guy and I stand for truth regardless of what religious or ethnic side is ruling the nation.

Keep your sad memories to yourself.

Pmb sak!!!

orisa37:
God knows them all.
In 2014, I was praying for Goodluck to win. Suddenly God instructed me in a Dream to go back to WAI. I argued that it meant Buhari. And God said Yes..
In 2019, it can be Osinbajo/Iweala,
God's Will be done.

Incidentally I know of some people now who are clamouring for a return of WAI and I totally support it

FarahAideed:
Out performed PDP where exactly ?

Is it economy ?

Is it corruption?

Is it access to health care?

Is it poverty alleviation?

Is it access to electricity?

Is it Human rights ?

Is it Maternal mortality?

Is it infant mortality?

Is it livability index?


Where exactly did they surpass PDP so we can discuss

Deal with it, a 3 year old government has outdone PDPs 16 years.