Difference between revisions of "User:RahalMccall69"

Revision as of 02:59, 30 October 2014

N IGERIA may be the giant of Africa; we may be the largest economy on the continent, but the people are definitely not benefitting much from the country.

With our huge population, we should be seeing our companies dominating on the African continent; instead, South African companies are the ones reaping from the continent.

As an economist, I have discovered that the biggest problem we are having is our interest rates, which are so high and this is discouraging investors and business owners from taing risks. That is why we have a lot of one-man businesses stunted by lack of suppot from government or the banks. The average interest rate for lending money in Nigerian banks is 23 per cent, while the banks pay just 12 per cent to fixed depositors. This is inhibiting the growth of businesses in the country. In South Africa, for example, the average interest rate for loaning customers is six per cent. That is why a one man business can take a huge amount of money to support his business. If this happens in Nigeria, all the profit will be spent servicing the interest.

The high interest rate is why we have only a number of poorly-run one-man businesses around.

If we want to stamp our authority as the biggest economy in Africa, then we need to support small businesses. Our banks should stop lending only to oil and electricity companies. These are companies that benefit only a few wealthy individuals. Our banks should assist the small scale businesses too, while lowering the interest rate.

There is also the need for government to do more to support small businesses. At the moment, only the oil, electiricty, telecommunication, finance and construction companies are booming in Nigeria , and how many average Nigerians have stakes in these?

鈥elix Okokoh,

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-FERGUSON, Mo. (AP) 鈥?Pounding rain and tornado watches didn't deter hundreds of protesters Monday outside Ferguson police headquarters, where they stayed for almost four hours to mark how long 18-year-old 's body was left in a street after he was fatally shot by police.
+N IGERIA may be the giant of Africa; we may be the largest economy on the continent, but the people are definitely not benefitting much from the country.
-Organizers of the four-day Ferguson October protests dubbed the day "Moral Monday" and committed acts of civil disobedience across the St. Louis region. In addition to the initial march on Ferguson police headquarters, protesters blocked the entrance to a major employer, held a loud rally inside St. Louis City Hall, disrupted business at a Ferguson shopping center and three  stores and tried to crash a private fundraiser for a St. Louis County executive candidate where U.S. Sen.  was scheduled to appear.
-At the  Monday night, protesters briefly draped a banner over a Jumbotron video board that read "Rams fans know on and off the field black lives matter."
+With our huge population, we should be seeing our companies dominating on the African continent; instead, South African companies are the ones reaping from the continent.
-More than 50 people were arrested, including scholar and civil rights activist .
-West was among 42 arrested for peace disturbance at the Ferguson police station. Some protesters used a bullhorn to read the names of people killed by police nationwide. Christian, Jewish and Muslim clergy members 鈥?some of whom were among the first arrested 鈥?led a prayer service before marching to the station two blocks away.
+As an economist, I have discovered that the biggest problem we are having is our interest rates, which are so high and this is discouraging investors and business owners from taing risks. That is why we have a lot of one-man businesses stunted by lack of suppot from government or the banks. The average interest rate for lending money in Nigerian banks is 23 per cent, while the banks pay just 12 per cent to fixed depositors. This is inhibiting the growth of businesses in the country. In South Africa, for example, the average interest rate for loaning customers is six per cent. That is why a one man business can take a huge amount of money to support his business. If this happens in Nigeria, all the profit will be spent servicing the interest.
-Protests have been common since Brown, who was unarmed and black, was killed by a white Ferguson police officer on Aug. 9. Tensions escalated last week when a white police officer in St. Louis shot and killed another black 18-year-old,  Jr., who police say shot at officers.
-"My faith compels me to be here," Bishop  of the  of Missouri said outside Ferguson police headquarters. "I want to show solidarity, and call attention to the structural racism of St. Louis."
+The high interest rate is why we have only a number of poorly-run one-man businesses around.
-Protesters were met by about 40 officers in riot gear. Several clergy members approached individual officers and asked them to "repent" for Brown's killing and other acts of violence. Some officers engaged the protesters, while others ignored the efforts.
-"My heart feels that this has been going on too long," Ferguson officer  told the clergy. "We all stand in fault because we didn't address this."
+If we want to stamp our authority as the biggest economy in Africa, then we need to support small businesses. Our banks should stop lending only to oil and electricity companies. These are companies that benefit only a few wealthy individuals. Our banks should assist the small scale businesses too, while lowering the interest rate.
-Outside Emerson Electric headquarters in Ferguson, six people were arrested for failing to disperse after blocking a street,  spokesman  said. Emerson is one of the region's largest employers.
-At St. Louis City Hall, about 100 protesters blew whistles that echoed off the marble walls. Protest leader  presented a list of four demands to , chief of staff for Mayor . Slay was not in the office Monday.
+There is also the need for government to do more to support small businesses. At the moment, only the oil, electiricty, telecommunication, finance and construction companies are booming in Nigeria , and how many average Nigerians have stakes in these?
-The demands called for an end to participation in a program providing military equipment to police, body cameras for all officers, a civilian review board for police and mandatory independent investigations whenever police kill someone.
-Rainford said St. Louis is not part of the militarization program; he promised the other demands will be taken seriously.
+鈥elix Okokoh,
-"We are already working on all of these things," he said.
-Williams said that wasn't good enough, and pledged further disruptions in days to come. One protester was arrested for property damage.
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-Hundreds of people marched to  in the pre-dawn hours. A small group held a brief demonstration inside the upscale Plaza Frontenac shopping center in St. Louis County. Another group was turned away by police and security at a Ferguson Wal-Mart, but the store closed out of concern about the protest.
-County police spokesman Brian Schellman said Monday night that several protesters were arrested there but could not provide a precise total. He added that an unspecified number of additional arrests were made at the Webster Groves fundraiser for County Councilman , a Democrat who has come under criticism for his political links to St. Louis County Prosecuting Attorney .
-Ferguson October began Friday with protesters marching to the St. Louis County prosecutor's office and renewing calls for charges against , the officer who shot Brown. A grand jury is reviewing the case, and the  is conducting a civil rights investigation.
-___
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Difference between revisions of "User:RahalMccall69"

Revision as of 02:59, 30 October 2014

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