Difference between revisions of "User:RahalMccall69"

Revision as of 09:22, 1 November 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,

This email address is being protected from spambots. You need JavaScript enabled to view it.

Difference between revisions of "User:RahalMccall69"

Revision as of 09:22, 1 November 2014

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-Our national parks are celebrated for their majestic features, and rightly so. Yellowstone's Old Faithful, Volcanoes National Park's awe-inspiring lava flow, Redwood National Park's soaring trees鈥攁ll are wildly impressive. But some of the most interesting details about the parks aren't the ones that make it into the guidebooks and the tours.
-We set out to uncover some of the lesser-known facts about the parks, interviewing park rangers, researching weather patterns, and talking to birding fanatics.
+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.
-Read on to learn what secrets and factoids we uncovered, including a secluded spot in the most popular national park, where to go to be one of the first people in America to see the sun rise, and what actually poses the biggest risk to visitors. Oh, yes, and the URL for that Puppycam.<p>Related Articles:</p><ul><li><a href=http://www.buycelinebags.com>Celine Bags Outlet Store</a></li><li><a href=http://www.buycelinebags.com>Celine UK Online</a></li><li><a href=http://www.buycelinebags.com>Celine Online Outlet</a></li></ul>
+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,
+This email address is being protected from spambots. You need JavaScript enabled to view it.&nbsp;<p>Related Articles:</p><ul><li><a href=http://www.louisvuitton-pascher.com>Louis Vuitton Speedy Round</a></li><li></li><li></li></ul>