₦airaland Forum

deenee:
You keep displaying your ignorance more and more. Please read my last chat again and tell me where I mentioned donations. You can quote me any where and do your research....banks are mandated by the CBN to contribute a portion of their retained earnings towards a sinking fund with the CBN from which the intervention funds are drawn including the MSME fund, Export facility fund, CACS and Covid TCF.

Again to educate you since you have brought it up, the Cacovid donations from banks and other private sector individuals and firms is managed by a technical committee comprising captain of indutries with the CBN and domicilled with five banks.

It's easy for you to hide behind a mobile device and type nonsense misleading people in the process. Again the TCF is not free money, if you want free money, go and register with any of the social investment programs so you can build your life around govt hand outs.

Finally, CBN is a revenue generating agency (at least you got this right) but the revenue is not your money niether is it part of the national cake you are so much gagging to share. Rather, it belongs to the govt.

God bless Nigeria.

deenee:
Point of correction. It is not your money. Do you pay taxes? If yes to what extent? If no you should just keep quiet and be a spectactor in the scheme of things.

Do you even know where the funds are coming from? You think it's part of tbe national cake that yall want to share and partake in?

Let me educate once again....money comes from a certain portion of the retained earnings of banks set aside for intervention purposes such as this. So please instead of castigating the CBN, banks and other institutions....just say thanks and move on.

God bless Nigeria

deenee:
Bro go through my profile and i will leave it at that....again i will take it as my duty and responsibility to educate you...free of charge and for your own benefit

Maybe you should also apply for TEF and other private sector SME grants since you are looking for free money and see if they won't ask you for the same requirements.


Simple busines plan which should be standard for any business-informal or formal, you are ranting up and down. Even the collateral registry is the global stanard in developing economies and endorsed by the IFC and World Bank. It works very well in kenya, ghana, india etc and has been introduced in nigeria and yall all complaining?

Please go and read how the registry works before you condemn it

deenee:
I dont need to exchange any banter with you. You are definitely one of the reasons why the country can't move forward.....you along side other backward thinking Nigerians with their national cake and entitlement mentality.

And what exactly is at stake? There is a global pandemic and CBN in response has set up a 50b naira TCF for SMEs affected by the pandemic and those in sectors critical to the reduction of the pandemic and they have even said the loans will be at 5% in year one and 9% subsequently.

To access, submit a business plam and credit
check which is standard with any loan....please note that this is not a social investment program or palliative as you have losely termed it but rather a temporary stop gap to help SMEs tide over this period.

Y'all thinking this is national cake so you can quickly chop and clean mouth. Any serious SME will know that business plan is core to their business. At inception you will need it to guide the growth plans and trajectory of the business-whether loan is involved in any way or not. Credit check is to determine your credit history and know if you are the type that will be borrowing money up and down without the intention of paying back.

Finally to educate you on what moveable collateral is....it is not landed property but any other asset with a net worth andcan be pledged as security. This can range from stock hypothecation to even your school certificates and even third party insurance .

I know of a lady that used her school cert to access about 500k of BOI NYSC loans to set up a small pastry shop during her service year. Lady paid back before the end of service and has expanded her business to 3 locations....this was 2 years ago!

Sit down there and be waiting for govt hand out

timesup234:
Nothing to see here. The Japanese economy has been dead and buried for almost 30yrs no thanks for them for being a slave to the United States. In contrast the Chinese economy is $8 trillion bigger than the United States in purchasing power parity. Japan is a ant. The Chinese dont a fvck about them

senatordave1:
Stop displaying ignorance here.the ministry of disaster and humanitarian affairs is incharge of the conditional cash transfer.they have distributed money in fct,anambra,imo,cross river,kano,rivers and its now the turn of lagos.up buhari

michlins:
same immunity was there when ngige was kidnapped as a governor and his security details removed. Buhari can deal with Wike in so many ways. How about claiming that for grounding caverton,he stopped movements of critical staff and thereby hampered the workings of the oil and gas industry. And he claims that Port Harcourt will pay for the losses and put a stop on their allocation. The federal government is all powerful in Nigeria

michlins:
please when the powers that be comes hard on Wike, don't claim marginalization. There are exclusive lists which Wike have no power to control. This guy is just power drunk and we all know how Buhari can disregard rule of law when he wants to discipline someone. Ask NK,ask dasuki

Bigflamie:
Why would such tragedy befall an innocent child. A child that doesn't know what sin is and God couldn't save him, yet some people will continue to worship and sing praises to him.

You guys should be asking questions because I'm confused about this so called God.

NextD18:
So the UCH Chairman has extended and renewed his contract with CoroFc.

Jack500:
and you think you are being reasonable here. Don't you know the meaning of internally generated revenue? Who told you the oil generated from rivers and exported is part of the internal revenue? Most of you are so bold in ignorance

I av always know, u dont reason,

How many cases is in lagos, how many is in river?


Modified: to all those irredemable fools comparing Lagos with Rivers

This is the amount each state offer Nigeria, Rivers is not even generating 1/4 of what lagos generate.


https://nigerianinfopedia.com.ng/highest-revenue-generating-states-in-nigeria/