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Nigerians Now Sees CBN Intervention Funds As Audio Money

Despite the rhetoric, majority of Nigerians are still wary of the so called N1 trillion intervention fund. When the COVID-19 pandemic came with all her fangs, world leaders swung into action with the creation of intervention funds and palliatives to ease the burden of the average citizen. In Nigeria, asides the palliatives of foodstuff given by state and federal governments alike, drums were rolled when the Central Bank of Nigeria disclosed its support for critical sectors of the economy.   The apex bank first initiated a fund of N50 billion soft loans to small businesses. The N50 billion Targeted Credit Facility (TCF) was to serve as a stimulus package to support households and micro, small and medium enterprises (MSMEs) whose economic activities have been significantly disrupted by the COVID-19 pandemic. The financial institution for the scheme is NIRSAL Microfinance Bank (NMFB) and the interest rate under the intervention was fixed at 5% per annum (all-inclusive) up ...

[Opinion] Stop Doing These 8 Things If You Don’t Want to Remain Poor

Character they say is the beauty of a woman and money is the beauty of a man that's why every man desires success and a luxurious lifestyle. Moreover, few are willing to go through the right path of success in order to achieve it. There are certain things men do in their daily life activities that hinder their opportunity to success. They may see it as a way out of poverty, but woefully, it's the gateway to the throne of poverty. There are many habits that can keep a man in the circle of poverty. Check them out below: 1.      Gambling: There is no such thing as getting rich quick. Financial success takes time, takes initiative, and requires relentless effort to achieve. People who engage in gambling are deluded into thinking there is a shortcut to success. A lot of self-made millionaires today didn’t pursue any get-rich quick schemes. Instead, they make a habit of pursuing their dreams and their goals one after the other. A lot of Nigerian youths belie...