Nwokeomajayb:
We can't devalue now because it will be nightmare. CBN can propose currency adjustment like what they're doing now. To peg the exchange rate of the Naira at 380 to the dollar.

We should identify the policies and institutions which can help accelerate Nigeria’s economic expansion and create new job opportunities. Also outlined are four priority areas that would lay the foundation for Nigeria’s transition to a new economic model that more effectively uses its large, young population and abundant natural resources to support sustainable growth and poverty reduction:

Ensure policy transparency and predictability, which will be critical to reduce investment risk and promote growth outside the extractive industry

Enhance factor quality by investing in infrastructure, strengthening land tenure security, improving educational outcomes, liberalizing the trade regime and enhancing trade and transport facilitation to help develop value chains and facilitate the efficient reallocation of factors of production, making Nigeria more cost-competitive

Reduce regulatory discretion to help attract foreign and domestic investment to the non-oil sector, encourage competition, and promote formalization

Improve access to finance, which could enable new firms to compete with incumbents and allow more productive firms to scale up their operations


Building momentum for reforms, which are essential to mitigate risks and promote faster, more inclusive and sustainable growth that improves living standards and reduces poverty.

Select reform areas include: Leverage trade integration to harness the benefits of the Africa Continental Free Trade Area
Improve basic education financing to improve human capital outcomes
Monitor the impact of conflict on the welfare of households to protect poor and vulnerable people
Leverage digital technologies to diversify the economy and create jobs for young workers.
With reforms in these and other areas, Nigeria would be able to strengthen its macroeconomic resilience, promote private sector development, and improve the efficiency of public service delivery.

emmasoft:


Yes you can keep topping up with any amount at any interval. it's like savings account. There is no regulation on amount or interval of deposit after the initial 50k.

Holding period affects any fresh deposit. However, if any investor wishes to withdraw within the 6 months you only lose 10% of the accrued interest of what you are withdrawing ie if you deposit 100k and you decide to withdraw 20k under 6 months you only lose 10% of the accrued interest on the 20k not the 100k, there is no circumstance where investors will have their principal reduced.

emmasoft:


Yes you can keep topping up with any amount at any interval. it's like savings account. There is no regulation on amount or interval of deposit after the initial 50k.

Holding period affects any fresh deposit. However, if any investor wishes to withdraw within the 6 months you only lose 10% of the accrued interest of what you are withdrawing ie if you deposit 100k and you decide to withdraw 20k under 6 months you only lose 10% of the accrued interest on the 20k not the 100k, there is no circumstance where investors will have their principal reduced.

XiaoLi:
Why so much bitter against the SE, you don't even know where he came from and you have concluded that he is from the SE just by sharing his thought. Ridiculous!

hotdealz:
This means when we go into this investment, we will only know the percentage interest after 6months base on what we are paid? Or do they disclose it in any other way?

emmasoft:


Interest is earned and posted daily but it's paid twice a year and u can view it online anytime.

juniorrate:


if one goes for the 182days will the interest be paid twice in 6month?

shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

emmasoft:


VGIF is not like Tbills. There is no tenor. Investors keep it as long as they want. All interest is per annum. The six months is not tenor it's just a holding period. You are free to hold VGIF for any period base on your investment objectives. At anytime you start your investment, your interest is prorated for the period your capital is invested.

Example if one invest in VGIF this morning, you will get interest for 15th to 30th of June on your capital paid to you on1st of July cos payment is made 1st July and 1st January of each year.

NL1960:


At what time can i withdraw the funds if for instance iam no longer interested in the investment?.

Barrytone:
any other person having difficulties accessing AFRINVEST site, are banks still selling secondary market tbills. any known rate.

ahiboilandgas:
he not an ordinary Nigerian ....he well connected to a former Nigeria military president and might be a front and had been empowered intentionally......

freeman67:



I do not deal with AFRINVEST so I won't be able to answer your first question. To your other questions, yes banks still sell secondary market TB. I asked in a branch of FBN on the 29/05/20 and was told they have a bout 3 tenure but the rates were very poor. The highest tenure of about 357 they had that was pegged at about the rate of 2 point something.

ahiboilandgas:
why am not very impress by this guys is that he is an inlaw to a past Nigeria military president ....imagine earning 2 percents of abacha loot as legal fees ....some well connected Lawyers earn over 50m dollars from the 1bn dollars malabu oil deals

shogbenga:


I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

ahiboilandgas:
there are some political position you hold in Nigeria that u cant go back to penury not in your generation....may your grand kids...

Leezah:
Jerry Gana comes to mind. That man can never and will never be poor in 8-15 generation of his

ahiboilandgas:
that why are dont mention them as successful investors and as a guide or mentors for up coming investor.....if i hit 2 billion naira from wrong Nigeria system and buy 500 m zenith shares 500 million gtb share ...and 500 mtn shares and 500 fixed income (at 11) ....tell me how will i become broke ......i cannot be use as a guiding principle to mentor people.....but if i invent Nairaland and sell it for 2 bn then invest it the above.....this can be used as mentorship

ahiboilandgas:
that why are dont mention them as successful investors and as a guide or mentors for up coming investor.....if i hit 2 billion naira from wrong Nigeria system and buy 500 m zenith shares 500 million gtb share ...and 500 mtn shares and 500 fixed income (at 11) ....tell me how will i become broke ......i cannot be use as a guiding principle to mentor people.....but if i invent Nairaland and sell it for 2 bn then invest it the above.....this can be used as mentorship

NL1960:


Whenever these people are asked how they made it, they will never tell you a straight forward answer. They will always start from where they became successful and say that they have been into business.

ahiboilandgas:
example most very rich bdc owners are friends to huspuppy ,woodberry and co....Nigerians business email comprise syndicate stole around 5 bn dollar ( according to fbi) from 2011to date ......suddenly several bdc owners and their labasene friends became very rich ....i mean very rich....by just providing transfer service .......if u know u know .....this group cannot be used as bench mark as rugged investor....if my bdc transfer 33 bn naira like mompha earnng just 5 percent and ploughing same into fixed income , mtn share zenith share ......people will be calling ahib bdc as a very succefully investor......

Gander:

Sharrap there

DexterousOne:


Wow

This is interesting to know

So what really is your stance on this matter sir....

That a regular young man in his say 30s will have an uphill task in climbing this investment hurdle and growing his portfolio?

Or how?

Pls I really want to hear from u

DexterousOne:


Wow

This is interesting to know

So what really is your stance on this matter sir....

That a regular young man in his say 30s will have an uphill task in climbing this investment hurdle and growing his portfolio?

Or how?

Pls I really want to hear from u

ahiboilandgas:
my stand is persons closed to the Nigerian state resources cannot or criminal network cannot be use as guide to mentor young aspiring investors.......Nb the post is from a previous discusion on a very succefull commerical lawyer ....who own lot of mtn share .(whom many didnt know was an inlaw to a fomer Nigeria military president)

Phyde:
Just got this from stanbicbroker