Sunday, 28 September 2014

World Bank approves $500m for SMEs in Nigeria


The World Bank’s Board of Executive Directors has approved a credit of $500m to increase access to finance for Small and Medium Enterprises in the country.

The bank which disclosed this in a statement made available to our correspondent in Abuja on Sunday said the credit would come from its International Bank for Reconstruction and Development lending window.

The Development Finance Project will provide stable funding to support the growth of Nigeria’s SMEs through the establishment of a Development Finance Institution.

The DFI will provide term funding to eligible financial intermediaries to lend to SMEs.
The DFI will also provide partial credit risk guarantees to participating commercial banks.

According to the bank, the project is in support of government’s efforts to promote the growth and job creation potential of private sector through improved access to financing.

Limited access to finance is a key obstacle to enterprise growth and entrepreneurship,
particularly for young people, and it is a major obstacle faced by SMEs, the bank said.

The bank said only 6.7 per cent of Nigerian firms reported having a loan or active line of credit in 2014 adding that SME lending made up only around five per cent of total commercial bank lending.

World Bank Country Director for Nigeria, Marie-Francoise Marie-Nelly, said, “Women entrepreneurs in Nigeria are held back by knowledge gaps, limited access to markets, and challenges regarding land ownership rights which in turn limits their capacity to access to finance.

“Specific attention will be paid to strengthening the capacity of business women to address these challenges.”

Lead Financial Sector Specialist and Task Team Leader of the Project, Arnaud D. Dornel, said “The DFI will be operationally and financially sustainable and would be subject to regulation and supervision by the Central Bank of Nigeria, which will enforce requirements similar to those
applied to commercial banks, including strong prudential transparency and accountability standards.”

The bank added that the project drew on experiences from other countries, such as
Germany, Brazil, South Africa and Mexico, and had been developed in collaboration with other donors supporting development finance reforms in
Nigeria, namely the African Development Bank, Germany’s KFW, French Development Agency, and the United Kingdom’s Department for International Development.

The project will be implemented by the Ministry of Finance and is expected to run for seven years.

Nigeria exports hides, skin worth $800m to Italy annually

  Filed under: Agricultural Business,main story |
hides-skinNigeria exports hides and skin worth 800 million dollars (N129.60 billion) to Italy annually, Mr Segun Awolowo, the Chief Executive Officer, Nigerian Export Promotion Council (NEPC) said on Friday in Lagos.
The bulk of the exported products were from Kano State.
He said hides and skin business was still booming in spite of the security challenges in the North-East geopolitical zone of the country.
He added that the Council had entered into collaborative ventures with other stakeholders to make meaningful contributions toward reviving the agriculture and industrial sectors in the Northern part of the country.
He said “Mr President had initiated collaborative ventures to reawaken the dead industry in that region.
“Government is working toward sustaining the collaborative ventures because most of our agricultural products are from that region; if you talk about sesame seeds, it is from that region; if you talk about ginger, it is from that area.
“Efforts must be made to get the industires in that region running; we need to build the clusters we require for the industry to thrive.
“Many of the hides and skin clusters are in Kano; we are exporting more than 800 million dollars worth of hides and skin to Italy yearly from Kano alone. You can imagine what it means in terms of trade.”

Foluke Daramola: “My b**bs are my asset”

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Voluptuous controversial Yoruba actress — Foluke daramola – Salako opened uo on personal matters in an interview with the Punch.
She talked about why she loved showing off her cleavage in the early stage of her career; says she sees it as an asset and not a burden.
Although her husband loves her legs, Daramola says she can never be caught wearing a mini skirt.
On whether she has ever wished she had smaller b**bs the actress says:
“Of course, when I was much younger in secondary school, I used to wear both singlet and bra just to compress my b**bs but later when people started admiring me, I grew to appreciate my bust and I began to see it as an asset rather than a burden. But when I was in secondary school, I used to be so conscious of it and I tried all I could to hide it. When I finished secondary school, I became aware of myself and I began to wear skimpy clothes till I got into the university and people told me that if I continued to wear skimpy clothes, lecturers would ask me out and I would make myself vulnerable, so I started wearing big shirts. Over time I grew to appreciate myself and love myself the way I am.
Daramola claims she has never bleached her skin:
“There was a time bloggers were ‘yabbing’ me that I bleached my skin. When I went into my first marriage, I had a lot of challenges and because of that, I was not able to take care of my skin. I have never been a dark-complexioned person, neither have I been extremely fair. One thing about me is that I don’t like using harsh substance on my skin. Since I was about 10 years old, I would always have my bath in the morning and in the evening, I don’t miss it. I also use natural substances on my body like honey which I use to steam my face, ‘ori’ (shea butter) for my hair and whatever cream I use; baby oil has to be included. I like to look as natural as possible, I don’t like looking too artificial and that is why you can never find a tattoo on me. Whenever I use a cream and see that it is making my skin too fair, I stop using it and allow my skin to rest. I don’t like make-up so I allow my skin to breathe. When I was younger, I hardly used harsh substance on my skin. I have always been a tomboy.”
On what she would never be caught wearing, she says:
“You will never see me wear a short skirt or a micro mini skirt; even though my husband really loves my legs. Because of my r*pe experience, I have phobia for mini skirts. I was wearing a mini-skirt then.”

Friday, 26 September 2014

Nigeria Health Heart Disease & Stroke: WHO Warns Against High Salt Consumption



World Health Organisation (WHO) in marking the ``World Heart Day’ on Thursday in Geneva, called for reduction in salt intake to cut the number of people experiencing heart disease and stroke and in turn save lives.

It described non-communicable diseases, including heart diseases and stroke, as the leading causes of premature death in the 21st century.

Oleg Chestnov, WHO Assistant Director-General, said the Global Action Plan to reduce non-communicable diseases, reducing global salt intake by a relative 30 per cent by 2025, was one of the major targets.

"If the target to reduce salt by 30 per cent globally by 2025 is achieved, millions of lives can be saved from heart disease, stroke and related conditions," he said.

Chestnov said consuming too much salt could lead to high blood pressure and greatly increase the risk of heart diseases and stroke.

He noted that reducing salt intake was one of the most effective ways to improve health.

Chestnov said people who consumed 10gm of salt per day, ate almost double the WHO's recommended level of salt intake.

He urged the food industry to work closely with national governments to incrementally reduce the level of salt in food products.

Chestnov said part of WHO's evidence-based strategies to reduce salt consumption included ensuring that food manufacturers reduced the levels of salt in food and beverage products.

The strategy was also to make healthy food available and affordable, foster healthy eating environments in public places as well as to ensure clear food labelling so that consumers could easily understand the level of salt in products.

Chestnov said for individuals and families, WHO recommended removing salt dispensers and bottled sauces form dining tables and limit the amount of salt added in cooking.

#WHO #Stroke


Thursday, 25 September 2014

Fantastic property deals under 50million naira


700SqM Land @ Igbokushu, by Nicon Town @ N40m

350sqm fenced plot@rasak bishi for 25m@magodo gra1

4bdrm duplex+bungalow@yaba for 50m

4bdrm bungalow@otedola estate omole phase 2 for 29m

plot @ serene estate  estate sangotedo  lekki for 10m;

5bdrm duplex+ 2nos 3bdrm@ afolabi brown off akoka for 28m

576sqm with cof o @ mende maryland  for 18m;

 955sqm@ lekki phase 2 for 15m;

4bdrm bungalow@off adeniran ogunsanya  for 45m

4nos 3bdrm flat+ 1bq@ oredola st surulere for 45m

4bdrm terrace with room servant@off road 2 ikota villa for 45m

 2bdrm semi detached  bungalow@sparklight estate for 7m;

4bdrm bungalow+bq in woodland estate sangotedo for 27m

A plot @ayodeji magodo isheri @ 7m

4nos 3flats@ bajulaiye rd fola agoro for 45m

Newly built 6nos 3bdrm @ awushe estate opebi for 40m

3bedroom flat,last floor  at 4th Avenue ,402 Road,D Close,Block 4,Flat 14 for 9m

Crystal Estate Abijo GRA Now selling: 450sqm for 4m and 600sqm for 6m.

40 units  of 3bdrm  terrace crystal  estate  abijo gra  (off plan) for  17m

100 units  of 3bdrm  block of flats at crystal  estate abijo gra off plan for 13m

1. 1200SqM for lease on Kofo Abayomi, Victoria Island @ N8.5m

2. New 3 Bedroom Flat with BQ and Gen Off Island Banana Road, Ikoyi @ N8m

3. 2900SqM for Lease @ Lekki Tourism @ N6m per Annum

4. Back House on Large Grounds on Akin Adesola Victoria Island @ N15m per

5. 5 Bedroom house with 2 BQ on Agodogba Road, Parkview Ikoyi @ N6m

6. 4 Bedroom Townhouse with 2 BQ on Boudillon Road @ N9m

7. 5 Bedroom Town House with Pool, Gym & Gen by Victory Park Igbokushu,
Lekki @ N2.8m.

8.Spacious 5bdrm mansion  with bq  @ Maryland for 1.8m

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