Governor Peter Obi’s nuggets

This was so interesting that i just had to share.

Mr Peter Obi is Currently Trending On Nigerian Media Space After he appeared on Channels Television Breakfast Show – InfoEast

He debated a professor of economics in University Of Abuja and laid out solid points which earned him admiration and praises all over Nigerian media space.

Here are 10 quotes from his debate on channels.

1. “ If a man has not created wealth. He cannot manage wealth “

2. “Unemployment is worsening. In 2017 our unemployment ratio moved from 14.8% to 18.8% this year. This means that more people have lost their jobs. We can’t survive like this “

3 “You are borrowing money and the issue it was supposed to affect is not coming down. Poverty is increasing , children out of school moved from 10 million to 12 million. “

4. “ I remember Ngozi Okonjo Iweala crying everyday. Begging Us to save this monies for the rainy day. All the Governors disagreed. They said let us share it. Now we are borrowing to feed.”

5 “ All I Know is that Governance has nothing to do with age. Today the Youngest Governor in Nigeria is an Unmitigated disaster”

6. “ In a State in the North the number of children that sat for WAEC is 128. This state has about 5 million people. This is not acceptable “

7. “ I don’t have any single property in this country outside Onitsha. If you see any property outside Onitsha and they say it belongs to Mr Peter Obi. Burn it! “

8. “ When you are borrowing for consumption. It gets to a stage when you cannot control it”

9. “ Nigerians cannot aim for sky scrapers when we cannot maintain simple toilets “

10. “ I cannot pay 250,000 for one night in a hotel. I wouldn’t sleep that night. I will feel like I have been robbed. “

Dialogue With Africa Board Fellows: Navigating Challenging Macroeconomic Environments

Center for Financial Inclusion Blog

30784872334_b499dfc281_mThe following is part of a blog series spotlighting the perspectives and experiences of CEOs and board members of financial institutions, as well as industry experts, who have participated in CFI’s Africa Board Fellowship program.

Africa Board Fellowship graphic harvest illustrationBy Danielle Piskadlo, Director, CFI

In recent years, some African countries have experienced slower economic growth and less stability in their currencies. This deterioration in macroeconomic conditions has presented challenges for financial service providers (FSPs) seeking to serve the base of the pyramid and improve financial inclusion. Some ways macroeconomic conditions impact FSPs include:

  • Higher operational expenses (e.g., imported IT equipment and software; office leases and technical services invoiced in foreign currency)
  • Increase in non-performing loans as small businesses have had fewer growth opportunities
  • Higher cost of funds (both deposits and debt)
  • Reduced access to debt from international and local providers
  • Decrease in revenue or tighter margins

We’re talking to Africa Board Fellowship (ABF) alumni…

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Navigating Challenges Is What Boards Are All About – Part 2: Vulnerability and Resilience

Center for Financial Inclusion Blog

Strong board leadership can help reduce a financial service provider’s vulnerability to external shocks and enhance its resilience.

> Posted by Paul DiLeo, Founder and Managing Director of Grassroots Capital Management and Governance Expert for the Africa Board Fellows Program

30784872334_b499dfc281_mThe following is part of an Africa Board Fellowship blog series spotlighting the experiences of participants and reflections from industry experts.

In the previous blog in this series, we reframed external challenges as a “normal” part of doing business for financial service providers (FSPs) targeting the base of the pyramid. And based on insights from Africa Board Fellows, we looked at specific ways board members can anticipate and even shape the challenging aspects of their operating environment. However, while most boards have more potential for external influence than they often exercise, there are always external factors that cannot be controlled. Boards must also continually focus on reducing the…

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