“Wema Bank is the first to officially announced the lifting while other banks in Nigeria are expected to follow suit”.
“If we could recall, the Central Bank of Nigeria (CBN) stopped Nigerian banks from international transactions using naira cards and imposed a $20 monthly limit on international transactions with dollar cards.”
“Customers can now use their Naira cards on Amazon and other related sites and platforms for International spending.
BUHARI SIGNS EXECUTIVE ORDER 007 of 2019, ON FRIDAY 25 JANUARY, 2019
The signing of this order on Friday (January 25, 2019) is another milestone recorded by Buhari led Federal Government to rapidly close the infrastructure gap left by previous administrations. Participating investors will use their funds to build infrastructure and return get incentives in the form of tax credits to reduce their corporate taxes payable to government until they recoup the value of their investments in roads and bridges.
The policy is an alternative source to fund infrastructure, including road and electricity projects.
For the records, Nigeria ranks 11th on the list of countries with the world’s worst road quality and network, according to the Global Competitive Index of 2018.
Between 2017 and 2018 Nigeria scored 2.5, worse than neighboring Cameroon which scored 2.6.
PILOT PHASE
The policy will take-off with six companies. In this pilot phase, the following six private sector companies have chosen to participate in the Scheme to construct 19 federal roads covering 794.4km under the new Executive Order 007
a) Dangote Industries Limited;
b) Lafarge Africa Plc;
c) Unilever Nigeria Plc;
d) Flour Mills of Nigeria Plc;
e) Nigeria LNG Limited; and
f) China Road and Bridge Corporation Nigeria Limited.
“The above companies (to be referred to as investors under the scheme) will be investing in the following 19 eligible road projects, totalling 794.4km which have been prioritised in 11 states across each of the six geo-political zones:
a) Construction of Ashaka-Bajoga Highway in Gombe State;
b) Reconstruction of Dikwa-GambaruNgala Road in Borno State;
c) Reconstruction of Bama-Banki Road in Borno State;
d) Rehabilitation of Sharada Road in Kano State
e) Rehabilitation of Nnamdi Azikiwe Expressway / Bypass, in Kaduna State;
f) Reconstruction of Birnin Gwari Expressway – Road in Kaduna State;
g) Reconstruction of Birnin Gwari – Dansadau Road in Kaduna State;
h) Reconstruction of Makurdi-Yandev-Gboko Road in Benue State;
i) Reconstruction of Zone Roundabout-House of Assembly Road in Benue State;
j) Reconstruction of Obajana-Kabba Road in Kogi State;
k) Reconstruction of Ekuku-Idoma-Obehira Road in Kogi State;
l) Construction of AdaviEba-Ikuehi-Obeiba-Obokore Road in Kogi State;
m) Rehabilitation of Lokoja-Ganaja Road in Kogi State;
n) Ofeme Community Road Network and Bridges in Abia State;
o) Rehabilitation of Obele-Ilaro-Papalanto-Shagamu Road in Ogun State;
p) Reconstruction of Sokoto Road in Ogun State;
q) Reconstruction of Apapa-Oshodi-Oworonshoki-Ojota Road in Lagos State;
r) Construction of Bodo-Bonny Road & Bridges across Opobo Channel in Rivers State; and
s) Rehabilitation of Benin City – Asaba Road in Edo State”.
METHOD OF APPLICATION
Any investors that is interested to participate in the scheme or take advantage of the scheme shall submit proposals (to include prospective road projects) to the government via the scheme’s management committee.
After carefully considering submissions by investors, the management committee will forward the proposals, through the chairman of the committee, to the president.
The president will then, based on the new Executive Order, select eligible road projects which will be published in an official gazette.
MEMBERS OF THE MANAGEMENT COMMITTEE
Minister of Finance, The chairman
Minister of Power, Works and Housing as its Deputy Chairman, and
The Permanent Secretary of the Federal Ministry of Finance as its Secretary.
Other members of the Management Committee are drawn from a number of relevant federal Ministries, Departments and Agencies (‘MDAs’),”
The other Representations from the MDAs are to include:
a) The Federal Ministry of Finance;
b) The Federal Ministry of Power, Works and Housing;
c) The Federal Ministry of Industry, Trade and Investment;
d) The Federal Ministry of Justice;
e) The Bureau of Public Procurement;
f) The Federal Inland Revenue Service;
g) The Nigerian Investment Promotion Commission;
h) The Securities and Exchange Commission;
i) The Infrastructure Concession Regulatory Commission;
j) The Budget Office of the Federation;
k) The National Bureau of Statistics;
l) The Nigeria Sovereign Investment Authority; and
m) The Office of the Chief of Staff to the President.
SARAKI AUDIO (Sorry for non Yoruba speaking, I will run the interpretations here below) ☝️
When I told you in my previous campaign that this rouges treat Nigeria as a a PLC, some of us think it’s an understatement.
BUHARI HAS CHARACTER AND INTEGRITY AND CANNOT REWARD EVIL DOERS, ENEMIES OF GOOD GOVERNANCE, TREASURY LOOTERS AND VIOLENCE ENGINEERS WHO USE PROPAGANDA AND BLACKMAIL TO BLACKLIST OUR FATHERLAND AND CUT-OFF INVESTMENTS AND INVITE FOREIGNERS TO KILL OUR PEACE.
ENGLISH INTERPRETATION OF SARAKI AUDIO?
“All that you have complained about tonight is on point, I can not find anything you have said that is not on point, you complained about empowerment”
“Let us agree that the last 3 and a half years, things have not been easy at all, I agree and accept things have not been easy at all, particularly in the area of empowerment”
“Before 2015 I have always tried to empower the youth and get you involved in appointments, but this time around as a result of what I call human factor, things have not been the same, I believe it is the will of God”
“When you all are complaining and you give example of Gegele and co and you compare it to what is happening now, I am sure you are asking yourself, what is happening? how come all of you struggling with me are not rewarded, it is unacceptable”
“What is the point of putting everything into the emergence of a government and we could not benefit anything from the government, you are asking yourself, what have you benefited”
“If you have not benefited personally in the last 3 and a half years, how do you go to market us, wont people ask you what you have benefited for yourself?
“It got to a stage that people will be making fund of you and asking you what you have benefited, but what is happening from Abuja, use me as an example, in 2015 I carried APC on my head around Nigeria”
“Hardly any state in Nigeria that I did not campaign for Buhari, up to the time of the election in 2015, out of 36 states I paid for the election of 30 states”
“Out of 36 states in Nigeria I funded Buhari campaign in 30 States, some states I paid 200 Million Naira, some 300 Million, some 400 Million, the only states I did not fund are South West States”
“Many times I will be calling my Banks to send money to fund elections across Nigeria for Buhari my thinking was that when we get elected, the next thing is that we will get majority of our people appointments”
“In fact I had already promised some of you here that you will either be MD of Federal agencies, either road maintenance, NIPDA (inaudible) even Nigerian Ports Authority, SUBEB and so on and so forth”
“I know if I put someone amongst you from Kwara even in the smallest Federal agencies, the contract you will sign out, 1Million, 2 Million, but for the first time that I have been in politics even speaker cant appoint a cleaner”
“I as President of the Senate I could not even appoint a cleaner not to talk of Board appointment, if you look at Executive positions I have nothing even after spending Billions for 3 and a half years, I am as angry as you are ”
“I am fighting Buhari because of you, if it because of me I wont fight, it is not easy to fight the federal government, the sufferings you are all going trough is because they did not fulfil our agenda”
“In 2018 I told you all I wont be going with APC but in the last one or 2 months that I left I have been doing a lot for you people, my politics is for all of you, I am just here to empower you all, dont mind the one who just bought form for 33M ”
“It was not my plan not to appoint you, when David Mark was Senate President, every confirmation he made for the President came with something, if they really love us now you will be empowered”
“In the past we they have a cut for Senate President and Speaker but not anymore, so we are no longer going with APC as soon as we joined PDP they called me National Leader when I lost election Atiku came to me immediately”
“Now we have seen the sign that if Atiku becomes President things will come to us, he told me I am the only one that can run his campaign, I know it is not easy for you all, but let me assure you things will be better”
“God see my “aniyan” (Arabic word) now in PDP they have brought us closer, how many people in Kwara did APC bring together in Kwara, now we will soon have power, today in APC they want us to go to Asiwaju Tinubu in Lagos”
“If I am the only one in PDP I will fight alone, my Father made Kwara and took Kwara to the top 10 in Nigeria and I also took Kwara to between number 1 to 3 in Nigerian politics and they now want us to bow to Lagos”
“In the coming election we will put Youth into power in Kwara, let us take Atunwa as he his, he will take care of you all, all those who contested against him are loyal but Atunwa will….. inaudible” (applause)
“When I was Governor I gave a lot of young people contract, they buy land etc and then empower others, I want to return you to the days of when I was Governor when you were all enjoying, Atiku will open things when we win election”
“You know as a leader I see things that followers dont see, when we followed Buhari we felt after spending money, we saw that he failed to reward us, so we said this Baba is not coming back, no money, no patronage all over Nigeria”
“Even with all the problem we have with Buhari the little cut I get I always send to Kwara but I can tell you that we had to design a method to make the little we have, they did not involve us in sharing”
“The only agenda APC have for Kwara is to fight Bukola Saraki , they favour Osun State with empowerment, for the remaining time of Buhari we will still get some things, we gave them list for FIIRS for 3 years they did not employ our list”
*The Choices That We Make*
Singapore Prime Minister, Lee Kuan Yew, said there were two options for me :
*Either I get corrupted and I put my family in the Forbes list of the richest people in the world* and leave my people with nothing.
OR
*I serve my country, my people and let my country be in the list of the best ten economies in the world.*
I chose the second option.
*The ATIKULOOTERS said, “there were two options for us too, but the second option was already taken by the Singapore Prime Minister”*.
Very Unfortunate Indeed. ATIKULOOTED ?
It’s a pity that many Nigerians can no longer reason having been blinded or delusion with ethno-religious sentiment and hatred. While they spend fortune on data to upload or download fake materials, posting and sharing unverified posts, less attention is given to research.
I have read many comments on PMB recently acquired WAEC certificate and I can only conclude that many are actually educated but illiterate, walloping in their high level of ignorance while wailing in the ocean of bitterness and hatred thereby alluding it to hunger and poverty in the land.
CLUE FROM YARADUA’S BOOK
A LIFE OF SERVICE is a book from Late Musa Yardua.
A life of service ‘ pg 27 late shehu yardua mentioned Buhari as his classmate
Here’s a class photo from Shehu Yaradua’s biography, called “Shehu Musa Yar’adua: A life of service”.
FAQ ON PMB CERTIFICATE
You may need to ask the following salient questions concerning the certification after which your eyes of understanding may be opened with the answers provided below, thereby making you to discuss intelligently with wisdom irrespective of your political lineage or belief
1. Is it possible to get another certificate to replace the lost one?
Answer : No
2. How come that WAEC presented another certificate to PMB?
Answer:
WAEC never presented
another certificate to PMB but Attestation based on request.
3. What is the difference between attestation and certificate or Why Attestation instead of certificate?
Answer:
Attestation is a validity of any result upon which a certificate can be issued or has been issued.
4. What happened to PMB original WAEC result?
Answer : Ask the Army headquarter ( IBB)
5. Why should WAEC issue him with attestation? Is it because he is the president?
Answer :
WAEC can issue anyone with attestation irrespective of the person background upon request by the individual and backed up with a police report and court affidavit.
6. How come the certificate looked new with recently taken passport photograph as displayed on the PMB WAEC CERTIFICATE?
Answer :
What was issued is not certificate but attestation which normally comes with an embossed recently taken passport photograph in accordance with the WAEC rules and regulations that guide the conduct of their examination and issuance of attestation which is most often referred to as CONFIRMATION OF RESULTS.
COMMENTARY
1. July 1961 sat the military recruitment exams and passed;
2. December 1961, presumably sat UCLES WASC exams;
3. April 1962 enrolled for 6mnths training at military school Kaduna
4. October 1962 completed 6mnths training at the military school Kaduna
5. October 1962 proceeded to Aldershot UK for 1 year officer training
“6. June 1962 UCLES released result of December 1961 WASC Exams
Gleaned from the net, UCLES conducted its WASC exams in December to avoid the July Oxford exams”
So, it’s clear that PMB joined the army in April 1962 when he was still expecting his WASC result
I believe that with this enlightenment, many will stop making mockery of their ignorance.
Thank you.
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In recent weeks the political train of deceit appeared to have regained some steam in a renewed ruse to make certificate of Mr President the bottom line of 2019 Presidential election. Permit me to admit that certification of classroom tutoring is the standard testimonial of its attendance but at the same time, it is only the mischievous political kindergartians that will think that political diatribe has anything to do with it. In her analysis of the critical attributes of leadership in the book: Not For The Faint of the Heart: A Lesson in Courage, Power and Persistence, Wendy Sherman has concluded that Courage and Integrity are critical attributes that you cannot acquire from the classroom because they are the inert fabrics of human conscience that dictates the power of the negative and power of the positive.
The truth is, I could not agree any better because at the end of the day, those critical attributes are the building blocks of the sincerity of purpose of political leadership. The tragedy of Nigeria as a Country is that for decades now our corrupt and inept electoral system and institutions of governance have only managed to produce certificate leaders rather than character leaders. I mean leaders whose exemplary leadership has been legendary in inspiring the next generation of leaders on ethos of governance and responsibility, I mean, leaders who are no longer celebrated as community treasures but rather revered as national assets, I mean leaders whose nationalism has conquered clan loyalties and ethnic patriotism.
It is sinically despicable that President Muhammadu Buhari, a Gen. of the Nigerian Army, a former Head of State whose honour, integrity and exceptional culture of universal humanity has become an international reference point could be slandered in a desperately dubious game of School Certificate ridicule. I even heard that the choreographed political racism by the PDP’s social media war machine has alleged that you cannot speak English, well, I am wondering when poetry of English-language and the arrogance of ethnic inheritance of it become the index for evaluating the quality and sincerity of political leadership? The truth is that, throughout history great empires that ruled the world at different stages of human civilisation did not have fraternity of English Language; the Mongols, the Othman, the Japanese, the Germans, the Russians and now the Chinese recolonizing the entire planet without English Language.
Dear Mr President, loose no sleep, speak no English, have no certificate, it doesn’t matter, that was not why we elected you, Nigerians elected you to liberate them from the colonialism of PDP whose pedigree in official corruption knew no bounds, we elected you to dismantle the architecture of stupendous State impunity, to restore hope from fatelism of absolute despair, in short, we elected you to pull the Country from the brinks and you did just that against all odds.
The truth is, the oil sheikhs of our criminal economy have regrouped for a political vengeance but be assured that the Nigerian electorates are wiser, sophisticated and ready. At the end of the day, the 2019 general election will not be decided on the gaffe of poetry of deception but rather on the strength of character and the integrity of example.
ONCE AGAIN, SPEAK NO ENGLISH, HAVE NO CERTIFICATE, IT DOESN’T MATTER.
Section 131, of the 1999 Constitution provided that a person is qualified for election to the office of President if
He is a citizen of Nigeria;
He has attained the age of forty years;
He is a member of a political party and he is sponsored by that political party;
He has been educated up to at least School Certificate level or its equivalent.”
Clearly, Gen Buhari has met all the above requirements.
“Under and by virtue of section 318 (1) of the Constitution: “School Certificate or its equivalent” means-
(a) A Secondary School Certificate or its equivalent, or Grade II Teacher’s Certificate, the City and Guilds Certificate; or
(b) Education up to Secondary School Certificate level; or
(c) Primary Six School Leaving Certificate or its equivalent and-
i. service in the public or private sector in the Federation in any capacity acceptable to the Independent National Electoral Commission for a minimum of ten years, and
ii. attendance at courses and training in such institutions as may be acceptable to the Independent National Electoral Commission for periods totalling up to a minimum of one year, and
iii. the ability to read, write, understand and communicate in the English language to the satisfaction of the Independent National Electoral Commission, and
(d) Any other qualification acceptable by the Independent National Electoral Commission.”
Anybody who can read, write and communicate in English, who has attended military courses, who has served in the public service of the Federation or even in the Army, is eminently qualified to aspire to be elected as President of Nigeria.
With the rank of Maj-Gen, it clearly indicates that he’s educated and qualified
The debate is thus unnecessary. Let’s discuss serious issues
Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria in collaboration with the World Bank, African Development Bank, German Development Bank (KfW), French Agency for Development and European Investment Bank to address.
DBN was established to bridge the gaps created by Bank of Industry (BOI) and the commercial banks that could not satisfy the funding needs of the MSME ( Micro, Small, Medium Enterprise). DBN introduction is meant to enhance Private Investment activities.
The Ministry of Finance stated that about 20,000 beneficiaries will be given loan during it’s first year of operations
Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) and small corporate in Nigeria through providing financing, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.
The Development Bank of Nigeria (DBN) was set up as a wholesale development finance institution (DFI) to provide sustainable financing through eligible Participating Financial Institutions (PFIs), who would in turn, lend to end-borrowers – Micro, Small and Medium Enterprises (MSMEs) for the development of that segment….
Who qualifies for the DBN loan?
All MSMEs (start up or existing) involved in productive enterprises are eligible for the loan. However, they must be customers of eligible financial institutions.
Loan Repayments and interest rate
DBN loan repayment tenure is flexible (up to 10 years with a moratorium period of up to 18 months) and the interest rates are on a market-conforming and fully financially sustainable basis. (should you have any issues with your PFI, kindly send feedback to the email ID at the end of this piece).
How to get a DBN Loan
DBN loans can be accessed through PFIs, which include Commercial Banks, Microfinance Banks, Development Finance Institutions (DFIs) and other Financial Institutions.
To access the loan:
1. Visit your bank:
Commercial Bank, Microfinance Bank, Development Finance Institution (DFI) and other Financial Institutions and indicate you want to apply for a DBN Loan.
2. The Bank appraises the business and loan purpose, and if its assessment is favourable, the Bank applies to DBN on your behalf for funding.
3. If DBN approves the loan, DBN will disburse to the Bank for on-lending to end borrowers.
You can access the DBN loan through any of these PFIs by contacting any of the banks listed below:
DiamondBank Olc
Ayodele Olojede – aolojede@diamondbank.com
Ecobank Nigeria Bank Plc
Nelson Paseda – NPASEDA@ecobank.com
LAWAL Theresa – TOLAWAL@ecobank.
Fidelity Bank Plc
Osaigbovo Omorogbe – osaigbovo.omorogbe@fidelitybank.ng
FCMB Ltd
Oluwaseun Adetiba – Oluwaseun.Adetiba@fcmb.com
Oluremi Agboola – Oluremi.Agboola@fcmb.com
UBA Plc
Adegoke Bayo – bayo.adegoke@ubagroup.com
Wema Bank Plc
Dotun Ifebogun – dotun.ifebogun@wemabank.com
AB Microfinance Bank Nigeria Ltd
Nnadozie Joseph – nnadozie.ohaji@ab-mfbnigeria.com
Addosser Microfinance Bank
Olusola Howells – howells.olusola@addosser.com
Baobab Microfinance Bank
Achenyo Oyibo – aoyibo@baobab.bz
Bosak Microfinance Bank
Toyin Peters – toyinpeters@bosakmfb.com
Infinity Microfinance Bank Ltd
Oludotun Adewunmi – g.adewunmi@infinitymfb.com
LAPO Microfinance Bank Ltd
Efosa Aigbe – efosa.aigbe@lapo-nigeria.org
Microcred Microfinance Bank Nigeria Ltd
Omar Niaz – oniaz@microcred.com
NPF Microfinance Bank Plc
Jude Ohanehi – jeco0072000@yahoo.co.uk
Quick Contact
Our support is available to you.
8am – 5pm, Monday – Friday
Head Office:
The Clan Place,
Plot 1386A Tigris Crescent, Maitama, Abuja, Nigeria
Lagos Office:
Plot 952/953 Idejo Street,
Victoria Island, Lagos, Nigeria
Call: +234-9-904-0000, +234-811-3841-699
Email: info@devbankng.com
Ajuwaya! If you could recall, on October 5, 2015, The Graduate Entrepreneurship Fund (GEF) was launched.
The Graduate Entrepreneurship Fund (GEF) is a special N2 billion empowerment programme for serving members of the National Youth Service Corps (NYSC). This novel schemes which is a joint initiative of the Bank of Industry (BOI) and the National Youth Service Corps (NYSC), was aimed at the following objectives:
To encourage graduates of tertiary institutions currently undergoing the compulsory one-year NYSC programme, to venture into business and become employers of labour rather than job seekers.
To address the entrepreneurship capacity gap o the NYSC members who are expected to produce bankable business plans after a three-day capacity building programme
To deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans ranging between N500,000 and N2 million to be provided by BOI
To ensure sustainability of the businesses of the eventual loan beneficiaries through effective monitoring by the NYSC Directorate and BOI
The GEF Programme comprises the following activities:
Online Business Plan Competition to select the most promising real sector business ideas,
Selection/screening of participants per above shall be done via the GEF online application portal.
Three days intensive entrepreneurship capacity building programme
Loan amount of up to N2 million to be provided to each successful participant with bankable business plans within BOI’s 35 SME clusters (list at BOI’s website: www.boi.ng) at an interest rate of 9% per annum, with tenors ranging from 3-5 years inclusive of 6 – 12 months moratorium period.
The capacity building programme is scheduled to hold simultaneously at the following venues:
| S/N | Geo-Political Zone | NYSC Camp Location |
| 1 | South South | Former Martins TIC, Issele-Uku, Aniocha North L.G.A, Delta State. |
| 2 | South East | Umunna, Bende L.G.A, Abia State. |
| 3 | South West | Aisu College Hospital Road, Ede, Osun State. |
| 4 | North East | Government College, Jalingo, Taraba State. |
| 5 | North Central | Mangu, Plateau State. |
| 6 | North West | Main Road, Katsina, Katsina State. |
| 7 | Lagos | Iyana Ipaja, Agege, Lagos State. |
NOTE: The Entrepreneurship Capacity Building Programme will take place at the above stated centres between 18th – 20th November, 2015.
Interested serving NYSC members are hereby requested to apply online immediately through http://www.boi.ng/gef/
[plulz_social_like width="350" send="false" font="arial" action="like" layout="standard" faces="false" ]Application Closing Date
3rd November, 2015.
CBN’s EARLIER WARNING ON IMPENDING RECESSION IN 2016
The Central Bank of Nigeria (CBN) on September 22, 2015 at a Monetary Policy Committee (MPC) meeting in Abuja present a warning on the economy: with “two consecutive quarters of slow growth, the economy could slip into recession in 2016 if proactive steps are not taken to revive growth in key sectors of the economy.”
In the face of the prevailing circumstances, the MPC advocated that a “synergy between monetary and fiscal policies remains the most potent option to sustainable growth.”
FEDERAL GOVERNMENT RECENT REACTION TO THE CBN’S WARNING
The federal government is planning to create a $25 billion fund through public and private sector financing with the aim of tackling infrastructure decay and to avoiding a recession. The special fund will be an intervention fund to fall back on during economic recession
“We think that the way out of this, what some have described as an impending recession, is actually to spend rather than to cut back in any way,” – VP Yemi Osibajo In an interview with Bloomberg on Tuesday 20 October, 2015.
The investment fund will be targeted toward improving power supply, roads, rail and agriculture.
Osinbajo said that the federal government plans to create jobs and conserve foreign exchange by making Nigeria self-sufficient in rice production in 24 months.
“A lot of those projects will be bankable projects, because we’re looking at projects that will interest private sector investors as well, but they are strategic for us,” Osinbajo said
Osinbajo said he understands that portfolio investors aren’t pleased about the trading restrictions on the currency, which have led to a slowdown in capital market inflows and on the other side, the government is “mindful that we maintain foreign-exchange reserves so at least that we are able to keep investor confidence high, especially direct investment,” he said.
OPPORTUNITIES FROM THE PLAN $25b SPECIAL FUND
Clearly from the federal government reaction to the CBN warning per above, the federal government rejected the SYNERGY call between the fiscal and monetary policy as the Federal Government is set to spend heavily rather than cutting back. The projection therefore is that in the coming year 2016, Adesanya & Partners (Chartered Accountants) expect business boom in the following areas:
Therefore entrepreneur are expected to commence preparation of their budget towards such opportunities
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