There is so much talk about restructuring, zoning the next presidency, or even breaking up the nation as a solution to Nigeria’s problems that people appear to have taken their eyes off the ball. The next presidential election is three years away and the imperative problem is financial not political restructuring. In order to fund […]
The Equipment Leasing Association of Nigeria (ELAN) states that a major financing tool that can bring the economy out of the woods is equipment leasing. This was disclosed in the 2021 outlook released by the Association titled – “2021: A year of Cautious Optimism”.
According to ELAN, “rebuilding the economy requires enormous capital and the growing cost of assets, hinders the capital formation in economy. Government at all levels must seek innovative and proactive ways in achieving its development – oriented initiatives. One of these options is Equipment Leasing – a creative financing alternative, utilised globally to stimulate economic development and growth. The appeal of leasing is underscored in its developmental attributes of enhancing capital formation in the economy, that drives job creation, revenue, better life and economic growth”
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The Federal Government has warned applicants for the MSME Survival Fund to beware of fraudulent websites demanding for account details so that applicants can get N50,000.
This was disclosed in a release made available in Calabar by the Project Delivery Office (the Coordinating office of the scheme) under the Federal Ministry of Industry, Trade and Investment, and titled ‘Portal requesting for beneficiaries account details to get N50, 000 not known to us’.
The PDO is coordinated by the SA to the President on MSMEs, Office of the Vice President, Tola Johnson.
The statement said, “Our attention has been drawn to the activities of fraudsters parading themselves as operators of the Federal Government’s Survival Fund Scheme.
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By Constance Athekame
Electricity access is essential for people’s lives and livelihoods; from using fridges for storing food and medicine; charging mobile phones to stay connected; lighting up households and schools at night to powering local businesses.
Most people in many rural areas of Nigeria lack access to electricity and only few can afford costly diesel-powered generators that lead to pollution and noise endangering people’s life.
Solar-powered mini-grids could be the answer to rural communities’ access to electricity because it is well-suited to small, remote communities, renewable energy mini-grids can now be the cheaper, greener option.
By Constance Athekame
Electricity access is essential for people’s lives and livelihoods; from using fridges for storing food and medicine; charging mobile phones to stay connected; lighting up households and schools at night to powering local businesses.
Most people in many rural areas of Nigeria lack access to electricity and only few can afford costly diesel-powered generators that lead to pollution and noise endangering people’s life.
Solar-powered mini-grids could be the answer to rural communities’ access to electricity because it is well-suited to small, remote communities, renewable energy mini-grids can now be the cheaper, greener option.
Providing electricity to rural populations can take three forms: grid extension; standalone solar systems; and mini-grids.