Success is not really about the amount of money you have.Strippers earn as much as 150,000 naira weekly exposing their naked bodies in clubs.Also, some politicians steal public funds,and leave their people to suffer.The list of ungodly means of making money are endless.Can we say people who make lots of money by ungodly means are successful?The likes of Bill Gates and Aliko Dangote can never be poor simply because they have a solution to some of human problems.Bill Gate helps solve the problem of information technology. .Dangote helps solve the problem of getting some basic needs like salt,cement,flour,steel,oil and gas and real estate.I think success is fulfilling your destiny on earth,and achieving your vision.A lot of rich people today are not successful.What is your own definition of success???
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An Economist, Austin Nweze, has urged the Federal Government to establish a credit bureau to investigate bank debtors.
Mr Nweze, on Channels Television’s Sunrise Daily, said that the country needs a structure beyond the conventional banks but like the venture capital firms that can take up the risks instead of the banks directly.
Talking about the process of creating debts, the Economist said that Nigerian banks are to be blamed for defaults because from the beginning of a transaction, they make it difficult for the lenders to pay back.
“Agreed that the CBN and NPC have the monetary rate, in addition to that, there is also cost that NDIC would also take.
“When they calculate the rate by one or two per cent, cost of management fee and the interest rate moves from 13 per cent to 25 per cent and that is how the banks make profit.”
The Economist stressed that the Nigerian economy would not grow if it keeps pushing monies meant for businesses to the bank.
“Government is the biggest debtor. If government could pay off the domestic dept they owe, it has a way of influencing the economy; the bank will have money, businesses can expand, interest rate can reduce,” he said.
Mr Nweze further said that Government should make a policy that would encourage local industry and manufacturing.
He added, “It is the government policy that makes it easier for people to import than to manufacture.”
The post Government Needs To Establish Credit Bureau – Nweze appeared first on Channels Television.
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Source : http://www.coolnsmart.com/wise_quotes/
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