BrandSpurNG:

The Managing Director of Bullion Go-Neat Global Ltd, Mr Olufemi Ajadi has urged Nigerian banks to create more Small & Medium Enterprises (SMEs) loans facilities in support of Nigerian entrepreneurs.

Ajadi said the move would not only help the capacity of Nigerian run companies but calso help boost the economy.

Ajadi who spoke at a forum of the Commerce & Industry Correspondents Association of Nigeria (CICAN) held in Lagos said funding support remained critical for survival of SMEs but that the government and it’s agencies had not seemed to appreciate that.

Ajadi said the current situation whereby emergent small firms are allowed to suffer due to the lack of finance was not auguring well for the economy.

He said not only was it worsening unemployment situation but it was contributing to the spiraling prices of goods and services.

He said because companies are forced to source capital from mainstream banks, at usually high interest rates, they could sell at low prices.

He referred to the tag of small & Medium Enterprises SMEs as the engine of growth, saying they could only perform such roles when they are supported by government at the teething stage.

Ajadi said with experience, that the government was worsening things for these firms by slamming them with huge taxes.

” I believe that the government can actually help SMEs in Nigeria, after all, these SMEs are helping the economy.

” SMEs help to create jobs, provide goods and services and should be supported by the government”

He cited examples with other countries saying that many of them were ahead of Nigeria because they had taken time to support their SMEs.

He is of the opinion that registration procedures could be simplified for Nigerian firms just coming up rather than the current situation whereby they are slammed with multiple taxes.

While acknowledging that some banks were trying by providing loans for firms, he said the conditionalities could be made easier.

“If you say that some banks provide loans, how many companies have accessed such loans and what are the terms?

“I still believe that if government could show interest in supporting Nigerian firms, they will give Nigerian banks strong mandates on it.

“Any bank which does not follow such a directive could be sanctioned.

“If Nigerian SMEs are supported effectively through the provision of small loans” they expand their capacity, create more jobs and help in fighting hunger and insecurity”, he stated

SOURCE:https://brandspurng.com/2022/07/06/olufemi-ajadi-calls-on-banks-to-provide-more-sme-loans-for-entrepreneurs/

Nigerians no dey gree repay loans that's why most banks don't take the issue of SME loans serious.

You will even see people opening threads here and giving people strategies on how to avoid repaying their loans.

Such a terrible attitude

Joy002:
Borrowing is it a sin

There is nothing wrong with borrowing, just make sure you have the means to repay the loan!

I seriously doubt this guy was actually in the prison facility with the general population

Built2last:
Loan companies have no future in our financial system.

You just need a CBN governor that knows what he is doing to shut all of them down. That could happen soon.

Loan companies in Nigeria is another organised scam on Nigerian people

You have job security where you are now. stay there for now

It would have been better if you had just kept your mouth shut instead of exposing your ignorance here!

Abfinest007:
They know what they're doing

Who are the "they" you're referring to?

That one concern dem

OJURONGBE1:


I am getting that vibe.
Aside from asking to go out with her clients, who promised to fund her deliverables, and the ones who are making sexual advances towards her, she told me she's damaged.

Have you ever caught any of her clients on top of her?

Raiders:
Really strange that he died the day he was supposed to leave office as opec boss

Maybe the thought of the estacode and other perks of the office he would no longer have access to after leaving office overwhelmed him

mrsage:


Piggyvest safe lock. Rates are better than banks.

Its safe and secure

Piggyvest that may collapse at anytime without warning.

Most if these small fintechs have very poor corporate governance

OP better fix your money in a traditional bank if you know what's good for you

What type of useless culture is this?

YourBestWriter:
So my friend got this job in management because he knew somebody in that company. But there is high expectations from the company for him to deliver positive results as one of the managers in that company.

This my friend is a university graduate with second class lower result and this manager position is for guys with first class results.

He has never been in management before. Infact, this friend of mine have been at home as an unemployed since 2014. He is socially awkward and easily discouraged. Now he's got this huge job with a big pay, and he is telling me that he feels like a fraud.

He asked for my advice, but I sincerely don't know what to advice him.

So I throw the topic to you guys.

How is he going to behave and probably grow some confidence to overcome this inferior complex?

There's no such thing as a job reserved for first class graduates

fastcashbc:
Is payday loan secured or unsecured: What do the experts say?

In the world of borrowing money, there are two main types: secured and unsecured. Secured loans, such as a payday loan, require collateral to be put up in order to receive the money.

Unsecured loans, such as a personal loan from a bank, don’t require any form of collateral. Payday loans are considered to be an unsecured loan because borrowers don’t have to put up anything as collateral. Read more here https://fastcash-bc.com/payday-loan-secured-or-unsecured/

Do you give Payday loans?

Anyhow, we go still dey call am Turkey

Basher8583:


Na so e pain you reach

I don't blame you, it's because data has become so cheap that riff-raffs Luke you can come online to post rubbish!

Basher8583:

The person in the pic you posted is not Peter Obi's son.

Secondly the pic was not even taken in the UK.

Learn to do verification before coming online to propagate lies!

coputa:
Is a word of thank you not enough to show appreciation.women with their over bearing attitude,must you ass lick a helper to show appreciation(high service)i am sure it's the husband that's pushing her forward.Please,let them know their boundaries.reply her that you like doing your household chores yourself,to send a message to them.

It's not "high service", it's "eye service"

BigDave001:

Can you pay upfront because I see ur account is kind of new

Is your own account not new?

His own own account is even older than your own

HowDareU:
JJC Skillz is a down-to-earth guy, humble to the core. He is not your arrogant type. However, the ex-wife is an arrogant bi*ch. She act as though she is a demi god. A hard core feminist. Please, don't go near her, else she will embarrass you.

You talk as if you know them personally

Poor people are usually very idle that's why they have more time for sex

MASTAkiLLAh:
I just watched a Scotty Kilmer video talking about this thing and how good they are for cars with older engines and also very good for cars with GDi engines.
What are your experiences ? Let's learn

Cc Egunmogaji2, Gazzuzz, Kingreign, Femtopford, diportivo et al

Nigerian consumer experience is in focus here

Most people in Nigeria are more concerned about price of petrol now...I doubt ifbyou would find many Nigerians who give a damn about installing this thing in their cars

OlawaleBammie:
Oga wen did u become David hundeyin??

I just want to know

Honlucas:
i will wreck these guys tomoro
i must borrow frm at least 20 loan apps

Walahi frustration don nearly kill this one, now he wants to take it out on innocent loan companies

OlawaleBammie:
Glory be to God, i love good news my brother, i love legit hustler like die.

But the problem is dat u wil still rubbish this same lagos with ur alternate moniker, lagos is slum, lagos is overrated, lagos is this and dat while u forgot that lagos offers u what ur place couldn't offer.(pardon me if u re not one of those that do this)

Well sha, we thank God for u

What's his alternate moniker and how did you determine that he's also the owner?

I'm not surprised

OluwaLina1:
Is My Sister Doing The Right Thing? Please Your Advice Is Needed

Advice needed
Don't mind my typo errors.

My sister cancel her wedding plans all because her husband to~be insists they are going to be living with his mum after the wedding before they will build their own house.

Now,my sister said she won't go on with the wedding plans if he didn't rent an appartment, even if it's face-me-i-slap-you room,she will be okay with it,she won't even mind if the mother come to spend days with them.

Is my sister doing the right thing?

Your sister did the right thing

Omihanifa:
Nah only HORRIBLE news PM EXPRESS dey carry

You know them very well

It's not just increasing the penalty they need to use one person as a scapegoat

Smithkafors:
Nice,....he actually bought 10planes at a go all fully paid.He is from Ogidi, Anambra state,the same town as sosoliso airlines.Nice one.....by the way,he is the owner of dome in Abuja.

See them above,you can never see them rejoice over successful people.They are already attaching negative comment, while there brothers and sisters are already applying to work there.If he fails,your brothers and sisters will be unemployed.He is a billionaire,he won't suffer but your people who lost their job will.pls try get Sense or borrow.

No one buys 10 planes at the same time!

They are all leased

Audio Covid-19 cases!