Buhari’s foreign loans: Matters arising
PRESIDENT Muhammadu Buhari sought for legislative approval for external loans during the eighth Senate but was turned down. Amongst them was US$29.96billion loan which, according to the object, was to fund critical infrastructure in the country. The Senate bawled that loans cannot be an option at all.
Getting business loans from banks Wema Bank (5)
We have come to the second section of this discussion on Wema Bank’s SME-focused credit facility. As a catch up on what was discussed in the first section which came in four parts, the key information was that the bank has special offers or services for small businesses. The offer, starts from opening of a special account called myBusinessAccount, categorized into three, viz, Bronze, Silver and Gold, with each carrying different requirements. We also discussed in our last week’s publication, the rewards attached to this special account.
Cheaper foreign loans or debt trap?
THE Minister for Budget and National Planning, Udoma Udo Udoma, revealed to the Media, in Abuja, on October 18th 2018, that in contrast to the 2018 total budget of N9.2tn, N8.651tn will be budgeted for 2019; i.e. next year’s budget will be about N470bn less than in 2018.
Getting business loans from banks Wema Bank (4)
By Yinka Kolawole We have had repetitions of the previous content on the aspect of this column dealing with requirements for the various packages under the Wema Bank credit facility for small businesses. Maybe, aside the over flogging, it must have settled in the mind of any interested individual to put action behind the information regardless […]
Getting business loans from banks Wema Bank (3)
In the last two editions of this column we outlined some basic features of Wema Bank’s small businesses loan package, ‘myBusiness Account’ in the three variants – Bronze, Silver and Gold.
Africa-China’s debt diplomacy
LOANS have been used as weapon of underdevelopment of Africa by International Monetary Fund, IMF, and World Bank. Loans from China are irresistible because they come with less strings attached on matters such as governance, democracy or human rights. Bureaucrats too can easily get a cut without much accountability. Yet, the loans are like a Trojan horse. Its consequences will be far-reaching.
