₦airaland Forum

APCsupporter:
See what your gej and dasuki have caused now. If only they had sense

ZKOSOSO:
Not surprised!! Na dem dem.....

Demdem:

In otherwords, he is a fraud.

billyG:
No even Bankphb went bankrupt 4yrs after d #25biln recapitalisation,what did they do with all that huge money?they did not turn d economy around,money grew wings & dissappeared in2 thier pockets,how many industries has he helped grew?how many successful high flying enterprenuers has he created fom his useless biz school?he is 1 of those that cause this recession.

Demdem:
[s][/s]

Thrash. Giving more excuses for the prof failure. So he failed because he was govt friend. Rubbish talk. The bank died on him before her assets were taken over. Time won't even permit me to disect his failures also as COO for VW.

Demdem:

U dey mind the nonentity. It wasn't even a merger but keystone bank limited took over all the assets after bankphb operating license was revoked because they show no capacity or ability to recapatalise. The eediot want to spin history.
Cc IVORY2009

segebase:
how can tis help nigeria to get out of recession

DonaldGenes:
But why is Nigerian so much crazy about Foreign Currency at the expense of her Local Naira? Must we continue to live like this?

Why can't we make $ the official currency if these people can't live without $
Anyway sha, let me go office make I no vex for all these Bureau de change people

fulaniHERDSman:
No, he should have continued painting everything dark down there

sexymoma:
Pls what is the English name for shebi

Tokety7:
[s][/s]

U sound dumb. Go back and read the opening thread and hear what he said about it.

Tokety7:

Truth indeed from the mouth of the economist who was part of the destruction of [/color=#000099]Bank Phb

Tokety7:
Never knew Utomi is now this dumb. Shame.

krasican:
Who then is the problem of Ekiti State?

doingood:
I need just N1m. I'll surrender my bsc and NYSE certificate.

IkoloTheSage:
Haha.
E don reach like this?

Ize-Iyamu runs the town.


The change is now.
Take it, broda.

LockDown69:
Point of correction, he has done it and is still ready to do more.

The Central Bank of Nigeria (CBN) yesterday unfolded policies to reduce hardship of Nigerians and the current economic recession.

The apex bank assured that government and the apex bank were aware of the prevailing tough economic climate, assuring that the situation would soon be overcome.

CBN’s Acting Director, Corporate Communications, Isaac Okoroafor said at a fair organised for small and medium scale enterprises, artisan, farmers, banks, hairdressers, barbers, shoemakers and other business groups in Enugu, that N220 billion funds made available for Micro Small and Medium Enterprises (MSMEs) could be easily accessed.


Okoroafor said 60 per cent of the funds were meant for women and women-owned enterprises.
He revealed that some states had already accessed the funds to the tune of N2 billion.

According to him, the CBN also has the Commercial Agric Credit Scheme (CACS) for larger commercial farmers.

Also, Okoroafor explained, “If you are a serving corps member and you want to get into business, you can get as much as N3 million to start as an entrepreneur. What happens is that you are not required to provide any collateral because we discovered that collateral is the problem. Your degree or HND certificate will serve, as your collateral because we know it is an asset in which you have made investment. So, just surrender it, and that is all.”

On other policies to help stabilise the economy, Okoroafor said: “Look at rice for instance, 28 out of 36 states can produce rice, so, we have launched a programme called Anchor Borrowers Programme. It is not only on rice but also on tomatoes, palm produce and other farm produce.”

He maintained government couldn’t continue to allocate scarce foreign reserves on goods that we can produce locally. Some, which Nigeria even has comparative advantage.

Okoroafor said this informed the decision of government to ban 41 items, which Nigerians should stop importing. This was borne out of a genuine desire to place the economy on the path of recovery.

Also, professor of economics, Prof. Ukwu I. Ukwu, has said if successive administrations had implemented the report of the Vision 2020 committee, it would have put the country in a better shape.

In an interview with The Guardian, Ukwu advised the President Buhari administration to go back to the Vision 2020 report, stressing that it had answers to most economic challenges facing the country.

Ukwu said “The governance section of about 22 groups, which I coordinated as part of the Vision 2020 was most fascinating because it covered the entire spectrum of the country, because there is a linkage between governance and economy.”