#Small Loan in Nigeria

[thegildedbee]

Family/Laugh: May 12 & 13 Prompts from @calaisreno

The exterior nowheres that Sherlock inhabits can be charted by his footfalls as he wends his way through the precincts of temporary cities. The silent drift of assimilating interior nowheres, however, seems to leave no traces, even as he feels unseen changes taking hold. His suspension in the January North of a darkness that persists until late morning, and then quickly returns in the afternoon, intensifies his perception that he lives in a shadow-world, a lone dark figure extracted from the frozen rain that curtains his days. 

The patterns he seeks to capture as he hunts amidst the ones and zeros of cyberspace are likewise intangible – extended solitary vigils as his fingers command the keyboard to winnow through the tangle of codes – as well as tangible, of meetings with the technological mix of people here at Tallinn’s crossroads: software developers seeking the leading edge at corporate labs, security experts at NATO’s Cyber Defence Centre of Excellence, the underground hackers who traverse the landscape of the digital realm’s hollow earth. Both the intangible and the tangible are intense efforts to spy glimpses of Moriarty’s covert presence in the spaces between the ones and zeros, summoning up the networks and nodes of the intersecting spheres of finance, and energy, and communications, as made manifest in trafficking, and counterfeiting, and hijacking, across the physical and human worlds.

He’s accumulated an abundance of leads, some he’s near-certain he understands, and others he’s yet to decipher – but it’s enough to reveal to him his next move on the chessboard: St. Petersburg. He’ll take the train from Tallinn, without needing to step out for border control, which is handled en route. He’ll be leaving Estonia under a new identity; he hopes to keep Lukas Sigerson in his back pocket for later uses, but it’s time to make his presence difficult to trace: it's time to step away from Mycroft’s grid. He’s left seemingly inadvertent clues to allow Mycrofts’s people to (think that they’re) following him, along a pathway that connects the nefarious doings of Mexican cartels involved in establishing meth labs in Nigeria for the Asian market. Their pursuit of him will be turned to good account in dismantling that nexus, even when they realize he is elsewhere. 

St. Petersburg is a hive of hacking activity, the physical site of the infamous Russian Business Network, which catered to the needs of cyber criminals. It’s not surprising that it is the city where Vladimir Putin lived, received his education, and joined the KGB, as an agent in its foreign intelligence wing, before tunneling his way to Moscow. Sherlock doesn’t believe that there are many degrees of separation between Moriarty and the dark internet of Putin’s hellscape. 

He arrives at the end of Tallinn’s usefulness on a Friday evening. As he packs up his kit in the office space he’s made homebase through a courtesy loan in deference to his Norwegian technology credentials, some of the younger workers have swept him up into their murmurating flock as they celebrate the coming weekend in search of alcohol, bar food, and music. In London, Sherlock would have begged off such a request, were anyone intrepid enough to suggest it, and he would have been unperturbed at whatever anyone might think. But he’s not Sherlock, he’s Lukas, at least for a short while longer, and although his persona is reserved, businesslike and uninclined to make small talk, Lukas possesses an average quantity of affability; and remaining unobtrusive is best accomplished by being amidst the motions of others, rather than making himself conspicuous by setting himself off from the norms of sociality. 

He did not, however, anticipate the karaoke session, which is putting a severe strain on the bonhomie he is channeling to Lukas, as it’s clear that he’s going to need to accede to accepting a turn in the spotlight, lest he put a damper on the good spirits of his companions. He nevertheless protests with a smile, holding out his hands, but any input he might have been able to exert on the decision-making disappears, when two of his impromptu friends conspire to tug him toward the microphone, explaining that all three of them will venture forth together, with a song they insist is dead simple to sing, and that the well-lubricated crowd will be delighted to join in with them in belting out the familiar refrain. Which is how he finds himself being carried along within a punchy, melodic stream that turns out to be excruciating emotionally, as the verses unfurl. He listlessly despairs, marooned, a hollowed-out laugh echoing inside his head in response.

. . . When I'm lonely, well, I know I'm gonna be I'm gonna be the man who's lonely without you And when I'm dreamin', well, I know I'm gonna dream I'm gonna dream about the time when I'm with you. When I go out (when I go out), well, I know I'm gonna be I'm gonna be the man who goes along with you And when I come home (when I come home), I know I'm gonna be I'm gonna be the man who comes back home with you I'm gonna be the man who's comin' home with you . . .

He’s exasperated at the universe conspiring to keep him unsettled, to deny him the solace of alone protecting him. He fears that he is fated to have any social contact whatsoever somehow conjure home and reminders of John. The song ends to raucous cheers, and the enthusiasm surges on, and he’s being importuned to name a new song of his own choice before being allowed to return to the table. He looks at the smiling faces helplessly, immobilized by the churning cacophony playing hide-and-seek inside his guts, incapable of conjuring up the simplest of answers. Undeterred, they jolly him along, prompting him to think of a film he’s recently seen, or club he’s been to, or a favorite television show. At the latter suggestion, his mind does slightly slip free, and there is John again, teasing Sherlock into watching another of his favorite shows, Sherlock pretending to be annoyed at being consigned to such a fate. He turns to the young people, and raises his voice to speak into the nearest person’s ear to be heard over the noisy crowd, and says with a question in his voice, Peaky Blinders? He seems to have pleased them, as they fiddle around to pull the selection, bouncing in high spirits and punching their fists into the air, as the music starts, a bell ringing out, and the slithering deep tones speaking of the edge of town, of secrets in the border fires, of a gathering storm -- and a tall handsome man, in a dusty black coat, with a red right hand. 

As Sherlock listens to the song unspool, his mind wanders back to the show's themes, reminding him of a line of thought he’d been considering the last few days – that to focus singularly on Moriarty and faceless confederates is not quite the right way to conceptualize the dead man's web: that there must have also been family members in leading positions, positions of trust. One of the deep divides between himself and Mycroft originated in Sherlock’s refusal in uni to agree to work for SIS. Mycroft knew that he would never be able to trust completely any of the professionals who worked for him – after all they are spies working for money. To be sure, he wanted Sherlock to sign on to be able to appropriate his intelligence, but even more compelling was the fact that never having to question the loyalty of a brother would have made him an asset par excellence. Mycroft considers getting what he wants to be an inviolable law of the universe, and Sherlock doesn't think his brother will ever be able to truly forgive him for the rejection . . . especially given Sherlock's devotion to the inferior endeavors of dedicating himself to a life of metropolitan crime-solving. Family; family is what matters. A Moriarty is gone; but there are other Moriarties yet to be unearthed. ........................................................ @calaisreno @totallysilvergirl @friday411 @peanitbear @original-welovethebeekeeper @helloliriels @a-victorian-girl @keirgreeneyes @starrla89 @naefelldaurk

@topsyturvy-turtely @lisbeth-kk @raina-at @jobooksncoffee @meetinginsamarra @solarmama-plantsareneat @bluebellofbakerstreet @dragonnan @safedistancefrombeingsmart @jolieblack

@msladysmith @ninasnakie @riversong912 @dapetty

.............................................................................

[readyforevolution]

10 Interesting Facts About Igbo People🇳🇬

This is the tribe from which a member honored me with my first name.

The Igbo people (Ndi Igbo) are an ethnic group native to the present-day south-central and southeastern Nigeria. Igbo people are known to be innovative, interesting & enterprising with a unique way of life (Omenala Igbo). . The Igbo people are descendants of the Nri Kingdom, the oldest in Nigeria.

1. The Igbo’s are Industrious In Nature.

Igbo People are Indigenous

Igbos are industrious & entrepreneurial in nature, they boldly engage in business & other commercial activities, they are said to be the most industrious tribes in Nigeria. They are born Hustlers, The Igbo apprenticeship system known as “Ịgba boy” is a case study of how wealth is circulated in Igbo land.

2. They Strongly Believe in God

The Igbo people strongly believe in God whom they refer to as Chineke. They had this belief even before the coming of Christianity.

3. Igbo’s has Israeli origin.

Igbos have sometimes claimed that they may have originated from Israel. Eri, the father of all Igbos , who hailed from Israel was the fifth son of Gad, the seventh son of Jacob (Genesis 46:15-18 and Numbers 26:16:18).

4. The Igbos are said to be the most traveled of all tribes in Nigeria, their quest for success especially in business has taken them to every part of the world.

5. They are believed to have strong love for money.

It is believed that a true igbo man loves money. Thou they believe in making money legally and frowns at illegal money, Igbo people are likely to respect a man who has made wealthy men in his community.

6. Great Value of Extended Family.

There is a great respect for the extended family in Igbo land, family matters are often treated by the elders who make up the extended family. This extended family is regarded as (Umunna).

7. Predominantly Christians.

The Igbos are predominantly Christians, about 98% of the igbo tribe practice the Christianity. Catholics and Anglicans are the dominant christian denominations in igbo land.

8. Igbo’s Have a Calendar system peculiar to them.

The Igbos invented a calendar called “Iguafo Igbo” (Igbo Calendar) so as to be aware of days and years. This calendar has four market days namely; Eke, Afor, Nkwo and Orie. These days make a week. In the Igbo calendar, four days make a week, seven weeks make one month, and thirteen months make a year.

9. Igbo is spoken in southern Nigeria, Equatorial Guinea, Cameroon, Haiti, Barbados, Belize, Trinidad and Tobago, it also supplied a large chunk of words to the Jamaican Patois.

10. They Invented a way of saving called ‘Isusu’.

The Igbo people have a savings and mini loan system called “Isusu”, this invention is also being practiced in the Caribbean Island where it is known as “Susu”, Isusu helps to save money and have easy access to small loans.

Ụmụ Igbo Kwenu !!!

Onye aghana nwanne🤝🇳🇬

[ejesgistnews]

A Comprehensive Guide to Personal Loans and Smart Borrowing. Personal loans can be a valuable financial tool for various needs, from covering unexpected expenses to consolidating debt. Here’s a detailed guide to understanding the different types of personal loans and their benefits. Types of Personal Loans 1. Unsecured Personal Loans Description: These loans do not require collateral, meaning you don’t have to pledge any assets to secure the loan. Benefits: No Collateral Required: Reduces the risk of losing personal assets. Quick Approval: Often faster to process since no asset valuation is needed. Flexible Use: Can be used for various purposes, such as medical expenses, education, or travel. 2. Secured Personal Loans Description: These loans are backed by collateral, such as a car or property. Benefits: Lower Interest Rates: Typically offer lower interest rates due to reduced risk for the lender. Higher Loan Amounts: Can borrow larger sums compared to unsecured loans. Improved Approval Chances: Easier to qualify for if you have valuable assets. 3. Fixed-Rate Loans Description: These loans have a fixed interest rate that remains the same throughout the loan term. Benefits: Predictable Payments: Easier to budget with consistent monthly payments. Protection Against Rate Increases: Shielded from rising interest rates. 4. Variable-Rate Loans Description: These loans have an interest rate that can fluctuate based on market conditions. Benefits: Potential for Lower Rates: May start with a lower interest rate compared to fixed-rate loans. Flexibility: Can benefit from decreasing interest rates. 5. Debt Consolidation Loans Description: These loans are used to combine multiple debts into a single loan with one monthly payment. Benefits: Simplified Payments: Easier to manage one payment instead of multiple. Lower Interest Rates: Can reduce overall interest costs if the new loan has a lower rate.   Top 10 Tips For Choosing The Right Insurance Policy You Need To Know 10 Best Seniors Auto Insurance Options for 2024/2025 How To Reduce Your Gas And Electricity Bills: Top 10 Tips You Need To Know Benefits of Personal Loans Access to Quick Funds: Provides immediate cash for emergencies or planned expenses. Flexible Use: Can be used for a wide range of purposes, from home improvements to medical bills. Fixed Repayment Schedule: Helps with budgeting and financial planning. Improves Credit Score: Timely repayments can boost your credit score. How to Secure a Business Loan in Nigeria Securing a business loan in Nigeria can be challenging, but with the right approach, you can increase your chances of success. Here’s a step-by-step guide to help small business owners secure funding. 1. Develop a Solid Business Plan A comprehensive business plan is crucial. It should outline your business model, market analysis, financial projections, and how you plan to use the loan. A well-prepared plan demonstrates your business’s potential to lenders. 2. Determine the Loan Amount Calculate the exact amount of money you need for your business. Be specific about how the funds will be used, whether for purchasing equipment, expanding operations, or covering operational costs. 3. Choose the Right Type of Loan Different types of business loans are available, including: Term Loans: Lump sum repaid over a fixed period. Lines of Credit: Flexible borrowing up to a certain limit. Microloans: Small loans for startups and small businesses. Equipment Financing: Loans specifically for purchasing equipment 4. Meet Eligibility Requirements Lenders have specific criteria, such as: Business Registration: Ensure your business is legally registered. Credit Score: Maintain a good credit score. Financial Statements: Provide audited financial statements for the past two years. Collateral: Be prepared to offer collateral if required. 5. Prepare Financial Documents Gather all necessary financial documents, including:

Income Statements Balance Sheets Cash Flow Statements Tax Returns 6. Research Lenders Identify potential lenders, such as banks, microfinance institutions, and online lenders. Compare their interest rates, loan terms, and eligibility requirements. 7. Apply for the Loan Submit your loan application along with the required documents. Be prepared to answer questions about your business and financials during the review process. 8. Follow Up Stay in touch with the lender throughout the application process. Promptly provide any additional information they request to avoid delays. 9. Utilize the Funds Wisely Once approved, use the loan funds as outlined in your business plan. Proper utilization of the loan can help grow your business and improve your chances of securing future funding. 10. Repay on Time Ensure timely repayment of the loan to maintain a good relationship with the lender and improve your creditworthiness for future loans. 5 Essential tips for Smart Borrowing. Here are five essential tips for smart borrowing to help you manage your finances effectively: 1. Know Your Numbers Before applying for any loan, it’s crucial to understand your financial situation. Check your credit score and debt-to-income ratio. A higher credit score can help you secure better loan terms, while a manageable debt-to-income ratio ensures you can handle additional debt without financial strain. 2. Differentiate Between Good and Bad Debt Not all debt is created equal. Good debt, such as student loans or mortgages, can help you build wealth over time. On the other hand, bad debt, like high-interest credit card debt, can be financially draining. Focus on borrowing for investments that will appreciate in value or improve your financial situation. 3. Shop Around for the Best Rates Don’t settle for the first loan offer you receive. Compare rates from multiple lenders to find the best deal. Look for transparent terms and conditions, and consider both traditional banks and online lenders to ensure you’re getting the most favorable terms. 4. Understand the Terms of the Loan Read the fine print before signing any loan agreement. Make sure you understand the interest rate, repayment schedule, fees, and any penalties for early repayment. Knowing these details can help you avoid unexpected costs and manage your loan more effectively. 5. Create a Repayment Plan Have a clear plan for repaying your loan. Budget for your monthly payments and consider setting up automatic payments to avoid missing due dates. Paying off your loan on time can improve your credit score and make it easier to borrow in the future. By understanding the different types of personal loans and following the steps to secure a business loan, you can make informed financial decisions that support your personal and business goals. Whether you're looking to cover unexpected expenses or expand your business, the right loan can provide the financial boost you need. Remember to borrow responsibly and manage your debt effectively to ensure long-term financial stability

[intelligencecompanynews]

Fintech: The digital key to spotting new markets - Journal Important Online - BLOGGER https://www.merchant-business.com/fintech-the-digital-key-to-spotting-new-markets/?feed_id=156479&_unique_id=66b199eaeb962 This article was contributed to TechCabal by Leila Rwagasana.Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic growth and societal development. Today’s digital technology ought to make financial services even more inclusive.A prime example of fintech’s transformative power is M-Pesa in Kenya. Launched in 2007 as a mobile money service for airtime transfer, M-Pesa quickly expanded into a comprehensive financial tool. By 2021, M-Pesa’s transactions accounted for 87% of Kenya’s GDP, lifting 2% of households above the poverty line.The evolution of financial tools has always aimed to facilitate the exchange of goods and services, stimulating financial inclusivity and furthering societal development. Societies with advanced financial systems tend to prosper, as more inclusive financial transactions lead to higher incomes, increased demand, and innovation. Conversely, societies with restricted financial access stagnate and struggle to achieve economic growth. This pattern is particularly evident in emerging and developing countries, where financial inclusion remains a critical challenge. Post-independence, Africa’s financial systems remained unchanged, still designed to serve colonial interests. This left most of the population excluded from mainstream financial services. By the 1970s, about 90% of Africans were unbanked, and today, 52% remain without banking access, conducting 90% of transactions in cash. This exclusion hinders economic growth and development.Fintech, however, can turn things around. After the 2008 financial crisis, traditional banks became more conservative, and digital innovations emerged. With the internet and mobile technology expansion, fintech companies have filled the gaps left by traditional banks. Platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, demonstrating fintech’s potential to drive financial inclusion and economic growth.Fintech operates without traditional banking infrastructure. It requires no physical branches, cards, or chequebooks—only a smartphone and telecom ecosystem. This simplicity has allowed fintechs to thrive in regions with limited banking infrastructure. In Kenya, for example, M-Pesa expanded financial access from 26% to 83% of the population between 2006 and 2021, showcasing the potential for inclusive financial systems. Fintech also supports small and medium-sized enterprises (SMEs), which are crucial to developing economies but often face barriers to traditional financial services. Fintech platforms give SMEs access to loans, enabling them to expand operations and contribute to economic growth. Digital-only banks like South Africa’s TymeBank and Nigeria’s Kuda offer services at a fraction of traditional banking costs, democratising financial access and empowering entrepreneurs.Fortunately, or not, the COVID-19 pandemic’s strain on the economy accelerated the adoption of digital banking. African banks now collaborate with fintech startups to offer a broader range of financial products, catering to a tech-savvy population. With mobile phones accounting for about 75% of all online traffic in Africa, digital platforms are increasingly designed for mobile users, driving innovation and expanding access to financial services.Fitech is also promoting gender equality by providing women with access to financial services. Women, who often manage SMEs and agricultural activities, face significant barriers in traditional banking. In Rwanda, the

recent FinScope report highlights this progress, showing that women’s access to formal and non-formal financial services (including fintechs) has increased significantly from 73% in 2020 to 90% in 2024. This demonstrates the pivotal role of fintech in bridging the gender gap and empowering women economically.Fintech apps used by cooperatives and mutual support groups empower women by facilitating access to loans and other financial services. Studies show that companies with more female employees perform better financially, underscoring the importance of gender-inclusive financial systems. In Africa, where 40% of SMEs are female-owned, fintech is closing the funding gap and enabling women to contribute more effectively to economic growth.The inaugural Inclusive FinTech Forum in Kigali, a global platform for financial inclusion and fintech co-organised by the National Bank of Rwanda, Elevandi, and the Kigali International Finance Centre, further showed fintech’s transformative potential in Africa. With nearly 3,000 attendees from 65 countries, the forum emphasised shared experiences and best practices driving financial inclusion and sustainable development. The presence of high-profile participants, including Rwanda’s President Paul Kagame, underscored the significance of fintech in shaping Africa’s economic future.Additionally, the Africa Continental Free Trade Area (ACFTA) promises to boost intra-African trade, and the fintech-based Pan-African Payment and Settlement System (PAPSS) is a significant step in this direction. Harmonising national payment systems will facilitate seamless trade transactions across the continent, enhancing economic integration and growth.Fintech also reduces technological inequality between advanced and developing nations. A McKinsey study shows that between 2020 and 2021, nearly half of Africa’s 5,200 tech startups were involved in disrupting or augmenting traditional financial services. Fintech is expected to grow by 19% annually through 2025, reaching a valuation of $150 billion. This growth is driven by increasing smartphone ownership, declining internet costs, expanded network coverage, and Africa’s young population, which is well-versed in the digital world.Fintech represents a significant milestone in the history of financial technology. By breaking down traditional barriers and opening financial services to the masses, fintech can drive unprecedented economic growth and prosperity in Africa and other emerging markets. Embracing this digital revolution offers a more equitable and prosperous future for all.—Leila is the FinTech Lead at Rwanda Finance Limited. She is a business development and partnerships professional with 10 years of work experience in Rwanda and across Africa.Digital Products Get the best African tech newsletters in your inbox“Fintech is revolutionising African finance, from mobile money services lifting households out of poverty to digital banks democratising access for millions…”Source Link: https://techcabal.com/2024/08/05/fintech-the-digital-key-to-spotting-new-markets/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/g4e4724507474ebdc2611c8337391f890ea6f13df50f5a3696c15e15cc24e5ca4d7a98d9d9ca897682609788d73b0367b03d.jpeg Fintech: The digital key to spotting new markets - Journal Important Online - #GLOBAL BLOGGER - #GLOBAL

[technologycompanynews]

Fintech: The digital key to spotting new markets - Journal Important Online - BLOGGER https://www.merchant-business.com/fintech-the-digital-key-to-spotting-new-markets/?feed_id=156475&_unique_id=66b199e6a9df3 This article was contributed to TechCabal by Leila Rwagasana.Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic growth and societal development. Today’s digital technology ought to make financial services even more inclusive.A prime example of fintech’s transformative power is M-Pesa in Kenya. Launched in 2007 as a mobile money service for airtime transfer, M-Pesa quickly expanded into a comprehensive financial tool. By 2021, M-Pesa’s transactions accounted for 87% of Kenya’s GDP, lifting 2% of households above the poverty line.The evolution of financial tools has always aimed to facilitate the exchange of goods and services, stimulating financial inclusivity and furthering societal development. Societies with advanced financial systems tend to prosper, as more inclusive financial transactions lead to higher incomes, increased demand, and innovation. Conversely, societies with restricted financial access stagnate and struggle to achieve economic growth. This pattern is particularly evident in emerging and developing countries, where financial inclusion remains a critical challenge. Post-independence, Africa’s financial systems remained unchanged, still designed to serve colonial interests. This left most of the population excluded from mainstream financial services. By the 1970s, about 90% of Africans were unbanked, and today, 52% remain without banking access, conducting 90% of transactions in cash. This exclusion hinders economic growth and development.Fintech, however, can turn things around. After the 2008 financial crisis, traditional banks became more conservative, and digital innovations emerged. With the internet and mobile technology expansion, fintech companies have filled the gaps left by traditional banks. Platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, demonstrating fintech’s potential to drive financial inclusion and economic growth.Fintech operates without traditional banking infrastructure. It requires no physical branches, cards, or chequebooks—only a smartphone and telecom ecosystem. This simplicity has allowed fintechs to thrive in regions with limited banking infrastructure. In Kenya, for example, M-Pesa expanded financial access from 26% to 83% of the population between 2006 and 2021, showcasing the potential for inclusive financial systems. Fintech also supports small and medium-sized enterprises (SMEs), which are crucial to developing economies but often face barriers to traditional financial services. Fintech platforms give SMEs access to loans, enabling them to expand operations and contribute to economic growth. Digital-only banks like South Africa’s TymeBank and Nigeria’s Kuda offer services at a fraction of traditional banking costs, democratising financial access and empowering entrepreneurs.Fortunately, or not, the COVID-19 pandemic’s strain on the economy accelerated the adoption of digital banking. African banks now collaborate with fintech startups to offer a broader range of financial products, catering to a tech-savvy population. With mobile phones accounting for about 75% of all online traffic in Africa, digital platforms are increasingly designed for mobile users, driving innovation and expanding access to financial services.Fitech is also promoting gender equality by providing women with access to financial services. Women, who often manage SMEs and agricultural activities, face significant barriers in traditional banking. In Rwanda, the

recent FinScope report highlights this progress, showing that women’s access to formal and non-formal financial services (including fintechs) has increased significantly from 73% in 2020 to 90% in 2024. This demonstrates the pivotal role of fintech in bridging the gender gap and empowering women economically.Fintech apps used by cooperatives and mutual support groups empower women by facilitating access to loans and other financial services. Studies show that companies with more female employees perform better financially, underscoring the importance of gender-inclusive financial systems. In Africa, where 40% of SMEs are female-owned, fintech is closing the funding gap and enabling women to contribute more effectively to economic growth.The inaugural Inclusive FinTech Forum in Kigali, a global platform for financial inclusion and fintech co-organised by the National Bank of Rwanda, Elevandi, and the Kigali International Finance Centre, further showed fintech’s transformative potential in Africa. With nearly 3,000 attendees from 65 countries, the forum emphasised shared experiences and best practices driving financial inclusion and sustainable development. The presence of high-profile participants, including Rwanda’s President Paul Kagame, underscored the significance of fintech in shaping Africa’s economic future.Additionally, the Africa Continental Free Trade Area (ACFTA) promises to boost intra-African trade, and the fintech-based Pan-African Payment and Settlement System (PAPSS) is a significant step in this direction. Harmonising national payment systems will facilitate seamless trade transactions across the continent, enhancing economic integration and growth.Fintech also reduces technological inequality between advanced and developing nations. A McKinsey study shows that between 2020 and 2021, nearly half of Africa’s 5,200 tech startups were involved in disrupting or augmenting traditional financial services. Fintech is expected to grow by 19% annually through 2025, reaching a valuation of $150 billion. This growth is driven by increasing smartphone ownership, declining internet costs, expanded network coverage, and Africa’s young population, which is well-versed in the digital world.Fintech represents a significant milestone in the history of financial technology. By breaking down traditional barriers and opening financial services to the masses, fintech can drive unprecedented economic growth and prosperity in Africa and other emerging markets. Embracing this digital revolution offers a more equitable and prosperous future for all.—Leila is the FinTech Lead at Rwanda Finance Limited. She is a business development and partnerships professional with 10 years of work experience in Rwanda and across Africa.Digital Products Get the best African tech newsletters in your inbox“Fintech is revolutionising African finance, from mobile money services lifting households out of poverty to digital banks democratising access for millions…”Source Link: https://techcabal.com/2024/08/05/fintech-the-digital-key-to-spotting-new-markets/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/g4e4724507474ebdc2611c8337391f890ea6f13df50f5a3696c15e15cc24e5ca4d7a98d9d9ca897682609788d73b0367b03d.jpeg BLOGGER - #GLOBAL This article was contributed to TechCabal by Leila Rwagasana. Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic … Read More

[onlinecompanynews]

Fintech: The digital key to spotting new markets - Journal Important Online https://www.merchant-business.com/fintech-the-digital-key-to-spotting-new-markets/?feed_id=156474&_unique_id=66b198d02d59c This article was contributed to Tec... BLOGGER - #GLOBAL This article was contributed to TechCabal by Leila Rwagasana.Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic growth and societal development. Today’s digital technology ought to make financial services even more inclusive.A prime example of fintech’s transformative power is M-Pesa in Kenya. Launched in 2007 as a mobile money service for airtime transfer, M-Pesa quickly expanded into a comprehensive financial tool. By 2021, M-Pesa’s transactions accounted for 87% of Kenya’s GDP, lifting 2% of households above the poverty line.The evolution of financial tools has always aimed to facilitate the exchange of goods and services, stimulating financial inclusivity and furthering societal development. Societies with advanced financial systems tend to prosper, as more inclusive financial transactions lead to higher incomes, increased demand, and innovation. Conversely, societies with restricted financial access stagnate and struggle to achieve economic growth. This pattern is particularly evident in emerging and developing countries, where financial inclusion remains a critical challenge. Post-independence, Africa’s financial systems remained unchanged, still designed to serve colonial interests. This left most of the population excluded from mainstream financial services. By the 1970s, about 90% of Africans were unbanked, and today, 52% remain without banking access, conducting 90% of transactions in cash. This exclusion hinders economic growth and development.Fintech, however, can turn things around. After the 2008 financial crisis, traditional banks became more conservative, and digital innovations emerged. With the internet and mobile technology expansion, fintech companies have filled the gaps left by traditional banks. Platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, demonstrating fintech’s potential to drive financial inclusion and economic growth.Fintech operates without traditional banking infrastructure. It requires no physical branches, cards, or chequebooks—only a smartphone and telecom ecosystem. This simplicity has allowed fintechs to thrive in regions with limited banking infrastructure. In Kenya, for example, M-Pesa expanded financial access from 26% to 83% of the population between 2006 and 2021, showcasing the potential for inclusive financial systems. Fintech also supports small and medium-sized enterprises (SMEs), which are crucial to developing economies but often face barriers to traditional financial services. Fintech platforms give SMEs access to loans, enabling them to expand operations and contribute to economic growth. Digital-only banks like South Africa’s TymeBank and Nigeria’s Kuda offer services at a fraction of traditional banking costs, democratising financial access and empowering entrepreneurs.Fortunately, or not, the COVID-19 pandemic’s strain on the economy accelerated the adoption of digital banking. African banks now collaborate with fintech startups to offer a broader range of financial products, catering to a tech-savvy population. With mobile phones accounting for about 75% of all online traffic in Africa, digital platforms are increasingly designed for mobile users, driving innovation and expanding access to financial services.Fitech is also promoting gender equality by providing women with access to financial services. Women, who often manage SMEs and agricultural activities, face significant barriers in traditional banking.

In Rwanda, the recent FinScope report highlights this progress, showing that women’s access to formal and non-formal financial services (including fintechs) has increased significantly from 73% in 2020 to 90% in 2024. This demonstrates the pivotal role of fintech in bridging the gender gap and empowering women economically.Fintech apps used by cooperatives and mutual support groups empower women by facilitating access to loans and other financial services. Studies show that companies with more female employees perform better financially, underscoring the importance of gender-inclusive financial systems. In Africa, where 40% of SMEs are female-owned, fintech is closing the funding gap and enabling women to contribute more effectively to economic growth.The inaugural Inclusive FinTech Forum in Kigali, a global platform for financial inclusion and fintech co-organised by the National Bank of Rwanda, Elevandi, and the Kigali International Finance Centre, further showed fintech’s transformative potential in Africa. With nearly 3,000 attendees from 65 countries, the forum emphasised shared experiences and best practices driving financial inclusion and sustainable development. The presence of high-profile participants, including Rwanda’s President Paul Kagame, underscored the significance of fintech in shaping Africa’s economic future.Additionally, the Africa Continental Free Trade Area (ACFTA) promises to boost intra-African trade, and the fintech-based Pan-African Payment and Settlement System (PAPSS) is a significant step in this direction. Harmonising national payment systems will facilitate seamless trade transactions across the continent, enhancing economic integration and growth.Fintech also reduces technological inequality between advanced and developing nations. A McKinsey study shows that between 2020 and 2021, nearly half of Africa’s 5,200 tech startups were involved in disrupting or augmenting traditional financial services. Fintech is expected to grow by 19% annually through 2025, reaching a valuation of $150 billion. This growth is driven by increasing smartphone ownership, declining internet costs, expanded network coverage, and Africa’s young population, which is well-versed in the digital world.Fintech represents a significant milestone in the history of financial technology. By breaking down traditional barriers and opening financial services to the masses, fintech can drive unprecedented economic growth and prosperity in Africa and other emerging markets. Embracing this digital revolution offers a more equitable and prosperous future for all.—Leila is the FinTech Lead at Rwanda Finance Limited. She is a business development and partnerships professional with 10 years of work experience in Rwanda and across Africa.Digital Products Get the best African tech newsletters in your inbox“Fintech is revolutionising African finance, from mobile money services lifting households out of poverty to digital banks democratising access for millions…”Source Link: https://techcabal.com/2024/08/05/fintech-the-digital-key-to-spotting-new-markets/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/g4e4724507474ebdc2611c8337391f890ea6f13df50f5a3696c15e15cc24e5ca4d7a98d9d9ca897682609788d73b0367b03d.jpeg #GLOBAL - BLOGGER This article was contributed to TechCabal by Leila Rwagasana. Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic … Read More

[formidablecompanynews]

Fintech: The digital key to spotting new markets - Journal Important Online https://www.merchant-business.com/fintech-the-digital-key-to-spotting-new-markets/?feed_id=156472&_unique_id=66b198ce518d5 #GLOBAL - BLOGGER BLOGGER This article was contributed to TechCabal by Leila Rwagasana.Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic growth and societal development. Today’s digital technology ought to make financial services even more inclusive.A prime example of fintech’s transformative power is M-Pesa in Kenya. Launched in 2007 as a mobile money service for airtime transfer, M-Pesa quickly expanded into a comprehensive financial tool. By 2021, M-Pesa’s transactions accounted for 87% of Kenya’s GDP, lifting 2% of households above the poverty line.The evolution of financial tools has always aimed to facilitate the exchange of goods and services, stimulating financial inclusivity and furthering societal development. Societies with advanced financial systems tend to prosper, as more inclusive financial transactions lead to higher incomes, increased demand, and innovation. Conversely, societies with restricted financial access stagnate and struggle to achieve economic growth. This pattern is particularly evident in emerging and developing countries, where financial inclusion remains a critical challenge. Post-independence, Africa’s financial systems remained unchanged, still designed to serve colonial interests. This left most of the population excluded from mainstream financial services. By the 1970s, about 90% of Africans were unbanked, and today, 52% remain without banking access, conducting 90% of transactions in cash. This exclusion hinders economic growth and development.Fintech, however, can turn things around. After the 2008 financial crisis, traditional banks became more conservative, and digital innovations emerged. With the internet and mobile technology expansion, fintech companies have filled the gaps left by traditional banks. Platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, demonstrating fintech’s potential to drive financial inclusion and economic growth.Fintech operates without traditional banking infrastructure. It requires no physical branches, cards, or chequebooks—only a smartphone and telecom ecosystem. This simplicity has allowed fintechs to thrive in regions with limited banking infrastructure. In Kenya, for example, M-Pesa expanded financial access from 26% to 83% of the population between 2006 and 2021, showcasing the potential for inclusive financial systems. Fintech also supports small and medium-sized enterprises (SMEs), which are crucial to developing economies but often face barriers to traditional financial services. Fintech platforms give SMEs access to loans, enabling them to expand operations and contribute to economic growth. Digital-only banks like South Africa’s TymeBank and Nigeria’s Kuda offer services at a fraction of traditional banking costs, democratising financial access and empowering entrepreneurs.Fortunately, or not, the COVID-19 pandemic’s strain on the economy accelerated the adoption of digital banking. African banks now collaborate with fintech startups to offer a broader range of financial products, catering to a tech-savvy population. With mobile phones accounting for about 75% of all online traffic in Africa, digital platforms are increasingly designed for mobile users, driving innovation and expanding access to financial services.Fitech is also promoting gender equality by providing women with access to financial services. Women, who often manage SMEs and agricultural activities, face significant barriers in traditional banking.

In Rwanda, the recent FinScope report highlights this progress, showing that women’s access to formal and non-formal financial services (including fintechs) has increased significantly from 73% in 2020 to 90% in 2024. This demonstrates the pivotal role of fintech in bridging the gender gap and empowering women economically.Fintech apps used by cooperatives and mutual support groups empower women by facilitating access to loans and other financial services. Studies show that companies with more female employees perform better financially, underscoring the importance of gender-inclusive financial systems. In Africa, where 40% of SMEs are female-owned, fintech is closing the funding gap and enabling women to contribute more effectively to economic growth.The inaugural Inclusive FinTech Forum in Kigali, a global platform for financial inclusion and fintech co-organised by the National Bank of Rwanda, Elevandi, and the Kigali International Finance Centre, further showed fintech’s transformative potential in Africa. With nearly 3,000 attendees from 65 countries, the forum emphasised shared experiences and best practices driving financial inclusion and sustainable development. The presence of high-profile participants, including Rwanda’s President Paul Kagame, underscored the significance of fintech in shaping Africa’s economic future.Additionally, the Africa Continental Free Trade Area (ACFTA) promises to boost intra-African trade, and the fintech-based Pan-African Payment and Settlement System (PAPSS) is a significant step in this direction. Harmonising national payment systems will facilitate seamless trade transactions across the continent, enhancing economic integration and growth.Fintech also reduces technological inequality between advanced and developing nations. A McKinsey study shows that between 2020 and 2021, nearly half of Africa’s 5,200 tech startups were involved in disrupting or augmenting traditional financial services. Fintech is expected to grow by 19% annually through 2025, reaching a valuation of $150 billion. This growth is driven by increasing smartphone ownership, declining internet costs, expanded network coverage, and Africa’s young population, which is well-versed in the digital world.Fintech represents a significant milestone in the history of financial technology. By breaking down traditional barriers and opening financial services to the masses, fintech can drive unprecedented economic growth and prosperity in Africa and other emerging markets. Embracing this digital revolution offers a more equitable and prosperous future for all.—Leila is the FinTech Lead at Rwanda Finance Limited. She is a business development and partnerships professional with 10 years of work experience in Rwanda and across Africa.Digital Products Get the best African tech newsletters in your inbox“Fintech is revolutionising African finance, from mobile money services lifting households out of poverty to digital banks democratising access for millions…”Source Link: https://techcabal.com/2024/08/05/fintech-the-digital-key-to-spotting-new-markets/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/g4e4724507474ebdc2611c8337391f890ea6f13df50f5a3696c15e15cc24e5ca4d7a98d9d9ca897682609788d73b0367b03d.jpeg This article was contributed to TechCabal by Leila Rwagasana. Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic … Read More

[smartcompanynewsweb]

Fintech: The digital key to spotting new markets - Journal Important Online - #GLOBAL https://www.merchant-business.com/fintech-the-digital-key-to-spotting-new-markets/?feed_id=156471&_unique_id=66b198cd5e8db This article was contributed to TechCabal by Leila Rwagasana.Fintech, the fusion of finance and technology, is revolutionising financial services globally, particularly in emerging and developing countries. From ancient Greece’s minted coins to Persia’s invention of cheques and, more recently, the deployment of ATMs and digital transactions, financial tools have always aimed to facilitate economic growth and societal development. Today’s digital technology ought to make financial services even more inclusive.A prime example of fintech’s transformative power is M-Pesa in Kenya. Launched in 2007 as a mobile money service for airtime transfer, M-Pesa quickly expanded into a comprehensive financial tool. By 2021, M-Pesa’s transactions accounted for 87% of Kenya’s GDP, lifting 2% of households above the poverty line.The evolution of financial tools has always aimed to facilitate the exchange of goods and services, stimulating financial inclusivity and furthering societal development. Societies with advanced financial systems tend to prosper, as more inclusive financial transactions lead to higher incomes, increased demand, and innovation. Conversely, societies with restricted financial access stagnate and struggle to achieve economic growth. This pattern is particularly evident in emerging and developing countries, where financial inclusion remains a critical challenge. Post-independence, Africa’s financial systems remained unchanged, still designed to serve colonial interests. This left most of the population excluded from mainstream financial services. By the 1970s, about 90% of Africans were unbanked, and today, 52% remain without banking access, conducting 90% of transactions in cash. This exclusion hinders economic growth and development.Fintech, however, can turn things around. After the 2008 financial crisis, traditional banks became more conservative, and digital innovations emerged. With the internet and mobile technology expansion, fintech companies have filled the gaps left by traditional banks. Platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, demonstrating fintech’s potential to drive financial inclusion and economic growth.Fintech operates without traditional banking infrastructure. It requires no physical branches, cards, or chequebooks—only a smartphone and telecom ecosystem. This simplicity has allowed fintechs to thrive in regions with limited banking infrastructure. In Kenya, for example, M-Pesa expanded financial access from 26% to 83% of the population between 2006 and 2021, showcasing the potential for inclusive financial systems. Fintech also supports small and medium-sized enterprises (SMEs), which are crucial to developing economies but often face barriers to traditional financial services. Fintech platforms give SMEs access to loans, enabling them to expand operations and contribute to economic growth. Digital-only banks like South Africa’s TymeBank and Nigeria’s Kuda offer services at a fraction of traditional banking costs, democratising financial access and empowering entrepreneurs.Fortunately, or not, the COVID-19 pandemic’s strain on the economy accelerated the adoption of digital banking. African banks now collaborate with fintech startups to offer a broader range of financial products, catering to a tech-savvy population. With mobile phones accounting for about 75% of all online traffic in Africa, digital platforms are increasingly designed for mobile users, driving innovation and expanding access to financial services.Fitech is also promoting gender equality by providing women with access to financial services. Women, who often manage SMEs and agricultural activities, face significant barriers in traditional banking. In Rwanda, the

recent FinScope report highlights this progress, showing that women’s access to formal and non-formal financial services (including fintechs) has increased significantly from 73% in 2020 to 90% in 2024. This demonstrates the pivotal role of fintech in bridging the gender gap and empowering women economically.Fintech apps used by cooperatives and mutual support groups empower women by facilitating access to loans and other financial services. Studies show that companies with more female employees perform better financially, underscoring the importance of gender-inclusive financial systems. In Africa, where 40% of SMEs are female-owned, fintech is closing the funding gap and enabling women to contribute more effectively to economic growth.The inaugural Inclusive FinTech Forum in Kigali, a global platform for financial inclusion and fintech co-organised by the National Bank of Rwanda, Elevandi, and the Kigali International Finance Centre, further showed fintech’s transformative potential in Africa. With nearly 3,000 attendees from 65 countries, the forum emphasised shared experiences and best practices driving financial inclusion and sustainable development. The presence of high-profile participants, including Rwanda’s President Paul Kagame, underscored the significance of fintech in shaping Africa’s economic future.Additionally, the Africa Continental Free Trade Area (ACFTA) promises to boost intra-African trade, and the fintech-based Pan-African Payment and Settlement System (PAPSS) is a significant step in this direction. Harmonising national payment systems will facilitate seamless trade transactions across the continent, enhancing economic integration and growth.Fintech also reduces technological inequality between advanced and developing nations. A McKinsey study shows that between 2020 and 2021, nearly half of Africa’s 5,200 tech startups were involved in disrupting or augmenting traditional financial services. Fintech is expected to grow by 19% annually through 2025, reaching a valuation of $150 billion. This growth is driven by increasing smartphone ownership, declining internet costs, expanded network coverage, and Africa’s young population, which is well-versed in the digital world.Fintech represents a significant milestone in the history of financial technology. By breaking down traditional barriers and opening financial services to the masses, fintech can drive unprecedented economic growth and prosperity in Africa and other emerging markets. Embracing this digital revolution offers a more equitable and prosperous future for all.—Leila is the FinTech Lead at Rwanda Finance Limited. She is a business development and partnerships professional with 10 years of work experience in Rwanda and across Africa.Digital Products Get the best African tech newsletters in your inbox“Fintech is revolutionising African finance, from mobile money services lifting households out of poverty to digital banks democratising access for millions…”Source Link: https://techcabal.com/2024/08/05/fintech-the-digital-key-to-spotting-new-markets/ http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/08/g4e4724507474ebdc2611c8337391f890ea6f13df50f5a3696c15e15cc24e5ca4d7a98d9d9ca897682609788d73b0367b03d.jpeg BLOGGER - #GLOBAL

[ejesgistnews]

The Federal Government of Nigeria has rolled out several initiatives to empower citizens and stimulate economic growth across various sectors. Whether you're a student in need of financial assistance, an entrepreneur looking for business loans, or a skilled artisan seeking further training, these initiatives are designed to provide the support you need. Below, we've outlined 11 key initiatives, along with their respective websites where you can apply or register. 11 Key Federal Government Initiatives 1. Student Loan Scheme The Student Loan Scheme provides financial aid to students pursuing higher education in Nigeria. This initiative aims to make education more accessible through favorable loan terms. nelf.gov.ng   2. Compressed Natural Gas (CNG) Initiative This initiative promotes the adoption of Compressed Natural Gas as a cleaner and more sustainable alternative to traditional fuels. pci.gov.ng   3. Consumer Credit Corporation The Consumer Credit Corporation offers financial products designed to improve consumer access to credit, making it easier for individuals and businesses to obtain the financing they need. credicorp.ng   4. Digital and Creative Enterprises (iDiCE) Program The iDiCE program supports Nigeria's digital and creative industries by providing funding, training, and resources to foster innovation and entrepreneurship. boi.ng/iDiCE   5. Skill-Up Artisans Programme (SUPA) SUPA focuses on upskilling artisans across Nigeria, offering advanced training and certification to enhance their employability and income potential. SUPA.itf.gov.ng   6. Nigerian Youth Academy (NIYA) NIYA is a youth empowerment initiative that offers programs aimed at developing leadership skills, entrepreneurship, and civic engagement among young Nigerians. NIYA.ng   7. National Youth Talent Export Programme (NATEP) NATEP identifies and nurtures young Nigerian talents, providing them with opportunities to showcase their skills on a global platform. natep.gov.ng   8. Micro and Small Business Loans This initiative offers loans to micro and small businesses, providing them with the necessary capital to grow and scale their operations. boi.ng/micro-business   9. Housing Initiatives The Federal Government's housing initiatives focus on providing affordable housing solutions across Nigeria, with an emphasis on building sustainable communities. fha.gov.ng/ongoing-projects 10. NDDC Internship Scheme This internship scheme offers young Nigerians practical experience across various industries, enhancing their employability. nyis.nddc.gov.ng     11.Nano-Business Support The Nano-Business Support initiative provides financial assistance to small-scale businesses, helping them establish and grow their enterprises. tucnigeria.org.ng     FAQs 1. How do I apply for the Student Loan Scheme? You can apply for the Student Loan Scheme by visiting nelf.gov.ng . Be sure to check the eligibility requirements before applying. 2. What is the focus of the Compressed Natural Gas (CNG) Initiative? The CNG Initiative aims to promote the use of Compressed Natural Gas as a cleaner alternative to traditional fuels. You can register at pci.gov.ng . 3. Who is eligible for the Micro and Small Business Loans? These loans are targeted at micro and small businesses looking to expand. Eligibility criteria and application details can be found at boi.ng/micro-business . 4. What support does the Digital and Creative Enterprises (iDiCE) program offer? The iDiCE program provides funding, training, and resources to support innovation in Nigeria's digital and creative sectors. More details are available at boi.ng/iDiCE . 5. How can I participate in the NDDC Internship Scheme? To participate in the NDDC Internship Scheme, visit nyis.nddc.gov.ng and complete the application process. Conclusion These Federal Government initiatives provide essential support across various sectors, ensuring that Nigerian citizens have the resources and opportunities they need to succeed.

Whether you're seeking education funding, business support, or skill development, these programs offer valuable assistance to help you achieve your goals. Explore the initiatives that apply to you and take advantage of the opportunities they present

[9jaboizgistworld-blog]

Naira9ja Loan App - Borrow Up to ₦500,000 Instantly Without Collateral

Naira9ja loan app is an online lending platform that provides instant loans to Nigerians without collateral. The platform was launched in 2020 and has since become one of Nigeria's most popular loan apps. The Naira9ja loan app is designed to meet the financial needs of individuals, small businesses, and startups. This article will look closely at Naira9ja, its features, benefits, and whether it is a legit lending platform.

Features Of Naira9ja Loan App

Naira9ja has several features that set it apart from other loan apps in Nigeria. One of the main features of the platform is its simplicity. The app is user-friendly and easy to navigate, making it accessible to everyone. Another feature is that loans are paid out immediately. Once you submit your application, you will receive your loan within minutes if approved. Naira9ja also offers flexible repayment terms, allowing borrowers to repay their loans in installments. The app also offers a loan calculator that helps you calculate the amortization schedule and the total cost of the loan.

Naira9ja Loan App Download

Naira9ja is currently not available for Windows and iOS devices. It is only available for Android devices. You must download and install the Naira9ja app from the Google Play Store. This app has a small size of 8 MB and has more than 100,000 downloads. It currently has a rating of 4.3 from over 9,600 users. Once the app is installed on your mobile device, you must register an account with the Naira9ja loan service.

How to Register an Account on Naira9ja Loan?

- On the first page, click "Create Naira9ja Loan Account" to sign up. - Enter your phone number. - A confirmation code will be sent to your phone number as a text message. Enter the code to continue. - The next step is to provide personal data. Provide your name, age, and other details listed in the requirements. - After completing the registration, you will be taken to the homepage whenever you launch the app.

How To Apply For Loan In Naira9ja Loan App?

To apply for a loan on Naira9ja, you need to download the app from the Google Play Store. After downloading the app, you must create an account and fill in the registration form. The application form requires basic information such as your name, address, employment status, and bank details. After submitting your application, Naira9ja will assess your credibility and determine your eligibility for a loan. If your application is approved, your loan will be deposited directly into your bank account within minutes.

Requirements For Naira9ja Loan App

To qualify for a loan with Naira9ja Loan App, you must meet the following requirements: - You must be a Nigerian citizen or resident - You must be between 18 and 60 years old - You must have a valid bank account - You must have a source of income

How Much Loan Can You Get From The Naira9ja Loan Service?

You can get a loan between ₦5,000 and ₦500,000 through the Naira9ja Loan App. This is very flexible as it is an instant loan that will be sent to your bank account as long as your application is approved.

Naira9ja Installment Loan

Naira9ja loans are very flexible and easy to repay. You can repay your loan on a Naira9ja loan application within 3 months (90 days) to 12 months (365 days).

Naira9ja Loan Interest Rate

Naira9ja's loan service charges an interest rate of 19.8% for each 6-month repayment term. For example, if you get a loan of ₦8,000 and choose to pay it back in 6 months: - The interest is 19.8% - The interest amount is ₦1584 - The total amount to be refunded is ₦9584

How To Pay Off Loans In Naira9ja?

It is very easy to pay your loans on naira9ja loan app. - Navigate to the loan repayment page - In your loan history, select the current outstanding loan - Select a refund method and enter the required details - If you use your Multibanco card, your bank will send a confirmation code to your phone number - Enter the confirmation code to authorize the transaction and complete the loan payment

Benefits of Naira9ja

One of the main advantages of the Naira9ja is its speed. The platform offers instant loans, which means you can quickly access funds in case of need. The app also has a high borrowing limit that allows you to borrow up to ₦500,000 with no collateral. Naira9ja also has flexible repayment terms, allowing you to pay off your loan in installments.

Where is Naira9ja's head office?

For the best customer service, please visit Naira9ja's head office. It is located in Plot GA 1, Avenida Ozumba Mbadiwe, Victoria Island, Lagos.

Naira9ja customer support and email address

For questions and complaints, you can always contact the lending service of Naira9ja. They have a customer service team that will assist you.

Is Naira9ja a legit lending platform?

Naira9ja loan app has been up and running for over two years, and there are no reports of fraud or scams associated with the platform. The company is registered with the Corporate Affairs Commission (CAC) in Nigeria, and its activities are regulated by the Central Bank of Nigeria (CBN). The app also has a good reputation, with many positive comments from customers who have already used the platform. However, it is important to note that Naira9ja, like any other lending platform, has terms and conditions that you should read and understand before applying for a loan. It is also wise to borrow only what you can afford and pay it back on time to avoid default.

Is the Naira9ja loan app legit or a scam?

Many people have been asking if the Naira9ja app is legit or a scam, which is what this post is about. The Naira9ja loan app is a legit and reliable app that lends money to people. To get a loan, install the application, register with it by providing the necessary requirements, and then apply for a loan of 2,000 naira or more.

Is the Naira9ja loan app legit and safe?

The Naira9ja loan application is very safe and legit; as long as you have fulfilled all the necessary requirements for a loan, the loan will be granted to you. Make sure you provide the correct information when applying for a loan.

Is Naira9ja Loan App Legit?

Naira9ja loan app is not a scam. You must follow the instructions in the application to avoid problems in obtaining or repaying a loan. If you notice an illegal charge while using Naira9ja, report it to your bank immediately so that it can be investigated.

Conclusion

Naira9ja loan app is a legit online lending platform that provides instant loans to Nigerians without collateral. The app has tons of features that make it easy to use and accessible to everyone. It also has flexible repayment terms and a high loan limit, giving borrowers quick access to funds in an emergency. If you need a loan and meet the requirements, Naira9ja is a good option. However, it is important to read and understand the terms of the application and only borrow what you can afford. Read the full article

[streetreporters]

The Dike Family Foundation Launches Agnes Nkonye Dike Memorial Revolving Interest-Free Business Loan Scheme!

The Dike Family Foundation has announced the commencement of the First Phase of the Agnes Nkonye Dike Memorial Revolving Interest-Free Business Loan Scheme. The initiative aims to empower and support small-scale entrepreneurs, with a focus on the Onuaboh community in Ndokwa East LGA of Delta State, Nigeria. During a press conference held at Asaba, Delta State, on Monday, March 25, 2024,…

[hardynwa]

FG asks applicants to submit NINs for trade grants

The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers as part of the necessary requirements to obtain a grant earmarked to cushion the effect that recent economic reforms have had on businesses in the country. The government through the Bank of Industry had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country. It said the new rule was based on the new regulations from the Central Bank of Nigeria directing Nigerians to link their National Identification Numbers with their bank accounts. The trade minister, Doris Aniete issued the new directive in a post on her official X (formerly Twitter) on Sunday. The post titled, “Update on the Presidential Conditional Grant Programme Application Process” explained that all applicants will receive an SMS from ‘FGGRANTLOAN’ with instructions to submit this information via a secure link adding that this step is essential for the continuation of the application process. It added that only verified applicants will receive this notification, and NINs must match the applicant’s name for the process to proceed. It read, “Dear Esteemed Applicants, The Ministry of Industry, Trade, and Investment thanks all applicants for their interest in the Presidential Conditional Grant Programme and assures that applications are being thoroughly processed. “Due to new regulations from the Central Bank of Nigeria, it is now required for applicants to link their National Identification Numbers with their bank accounts. We currently do not have a record of the NINs of those who applied. Therefore all applicants will receive an SMS from ‘FGGRANTLOAN’ with instructions to submit this information via a secure link. This step is essential for the continuation of the application process. “Only verified applicants will receive this notification, and NINs must match the applicant’s name for the process to proceed. “We appreciate your patience and cooperation, and we will keep you updated on your application’s progress. Thank you for your participation and contribution to national growth.” This latest development marks another delay in disbursing the grant announced by President Bola Tinubu in a nationwide address in August 2023 for manufacturers and small businesses. In the address, the president said he was determined to strengthen the manufacturing sector, increase its capacity to expand, and create good-paying jobs.  “We are going to spend N75bn between July 2023 and March 2024. Our objective is to fund 75 enterprises with great potential to kick-start sustainable economic growth, accelerate structural transformation, and improve productivity.  ‘’Each of the 75 manufacturing enterprises will be able to access N1bn credit at 9 per cent per annum with a maximum of 60 months repayment for long-term loans and 12 months for working capital,” Tinubu said. But eight months later, the programme domiciled under the Trade Ministry and executed by the Bank of Industry is yet to reach a significant stage despite several promises by the minister. In December last year, prospective beneficiaries who spoke to The PUNCH said they were in the dark about the reasons the funds had yet to be disbursed. The President of the Association of Small Business Owners, Femi Egbesola, decried the slow pace data collation by the supervising agencies, alleging that genuine businesses were being deliberately discouraged from accessing the loans. He said, “Well, I don’t know why it has not been disbursed. Immediately the announcement was made by the president at the national address about four months ago, we were all excited thinking succor had come somehow, somewhere. We were extremely hopeful but at the moment we have been disenfranchised because we have waited and there is no hope.  “We expected that even if the money has not been disbursed, communication should have been made to stakeholders, letting us know reasons why it hasn’t been disbursed, the current state and progress made, and the expected date to commence.” Read the full article

[nj-ayuk1]

Energizing Entrepreneurship: How NJ Ayuk Sees Natural Gas Catalyzing African

Industry

Thanks to recent discoveries of vast natural gas deposits, African has the potential to create a flourishing energy sector that will enrich the continent for generations to come, according to N.J. Ayuk, Chairman of the African Energy Chamber. 

The opportunity this presents for future prosperity isn’t guaranteed, however. Africa’s resources have traditionally been exported to wealthier nations, enriching other lands while providing few benefits to economies on the continent. But if African entrepreneurs make the right decisions, they has the potential to harness the remaining natural gas deposits to create jobs, build reliable energy grids, and fundamentally transform life for millions of Africans, Ayuk said. 

How it Happens 

As an example on how energy entrepreneurs can jump-start African economies, Ayuk pointed to the recent deal inked by the African company AlphaDen to build a hydrocarbon processing plant in Nigeria. 

“I think energy is always going to be a big issue. If you look at the AlphaDen deal, it's 60 million US dollars. It tells you that a lot of stuff that has to be done with natural gas has not really taken place in the continent,” he said. “And being able to really empower African entrepreneurs, small-scale producers, to be able to drive small scale biogas projects ... That first, this is not just gas testing for Europe or Asia. This is gas that's going to be used in Nigeria to industrialize Nigeria.”

By using a loan from the African Export-Import Bank (Afreximbank), AlphaDen relied completely on homegrown resources. The move wasn’t just financially sound, it was also a challenge to other businesses to follow their lead, Ayuk said. 

“What is even beautiful is that African entrepreneurs are engaging in doing this, and driving it,” he said. “In the past, we would have to wait for somebody to come from the United States or from Europe to do such a project here. But now you have Africans who have gained experience from either their work with the international energy companies, their work with other kind of institutions, being able to say, ‘We are not just going to be consumers, we are going be producers.’”

Using Natural Gas to Build a Better Africa

Natural gas is a mix of fossil fuels that can be burned to create electricity. It’s a relatively clean-burning source of energy, which makes it a perfect stepping stone to help Africa prepare for an eventual transition to renewable sources of energy, Ayuk said. 

“I think we have to use our natural resources in better prudent way. I think we have to come into it with the first state consideration, knowing that these are finite resources. They're not coming back,” he said. “And once you have it in your mind that these are finite resources and that they're not coming back, then you have to start knowing that we've got to be better stewards of what we use.” 

African entrepreneurs not only need to re-think their relationship to fossil fuels, they must also re-evaluate the deals that have hindered economic development in the past. 

“We have to walk away from issues that we have been victims of, that has created the resource scars. And these resource scars has really not been helpful to Africa,” Ayuk said. “So, we need to reverse the resource cost. And that, when we're using those natural resources, we have to say, ‘How do we build the value chain within Africa and create value addition and really drive it?’” 

Using Gas to Create Growth

Africa is home to some of the largest energy deserts in the world. Some 600 million Africans live without access to electricity. Homegrown natural gas companies have a duty to help solve that problem by creating jobs and building infrastructure, Ayuk said. 

“For example, right now, if you look at a country like Namibia with vast oil and gas discoveries, it shouldn't only be about Namibia producing natural gas and producing oil, and sending it abroad to other things,” he said. “They have to say, ‘How do we create more gas power projects and gas power projects with pipelines and other things, that we can power Namibia? And turn Namibia to become an industrial hub to supply goods, services, other things, across Africa.’” 

If countries like Namibia build reliable electrical grids, they can begin to work in neighboring states to provide more opportunities that will, in turn, bolster growth at home, Ayuk said. 

“With African solutions, we have to also start looking at how you really start generating power coming out of maybe biogas and all of that. And I think that is possible within Africa in itself. And when it comes to really driving energy, we need to increase the supply chain and infrastructure across Africa,” he said. “Once we do that, it'll be easy for us to start deploying energy across state lines, cross-border, intra-country. And so, that would be helpful.”

From there, the possibilities are limitless. Once Africans have reliable access to power and steady employment opportunities within the energy sector, worlds of potential will open, Ayuk added. 

“There's going to be a lot of larger gas projects that are going to come from African entrepreneurs, and that's going to really drive the continent,” he said. 

###

[reportafrique]

Federal Government Launches N200 Billion Boost for MSMEs, Unveils Strategic Initiatives for Economic Growth

The Federal Government of Nigeria has unveiled a substantial allocation of N200 billion to bolster Micro, Small, and Medium Enterprises (MSMEs) as well as the manufacturing sectors, with the aim of fueling job creation and fostering economic growth. This significant commitment was disclosed by Nura Rimi, the Permanent Secretary of the Federal Ministry of Industry, Trade and Investment, during a capacity-building event for MSMEs held in Lokoja, Kogi State. The announcement goes hand in hand with the government's initiation of the licensing of Business Development Service Providers (BDSPs), under a new certification and accreditation framework. This framework seeks to standardize the delivery of Business Development Services (BDS) across the nation, ensuring a more streamlined and effective approach. The Lokoja workshop not only focused on capacity building but also provided a dynamic platform for networking, encouraging collaboration, and fostering idea-sharing among MSMEs. The commitment to strengthening the MSME sector is aligned with the Renewed Hope Agenda of President Bola Tinubu, recognizing the pivotal role these enterprises play in propelling economic growth. The Governor of Kogi State, represented by the Managing Director/Chief Executive Officer of Kogi Enterprises Development Agency (KEDA), affirmed the state government's dedication to implementing training initiatives across the state. The governor emphasized the positive impact such initiatives would have on SMEs and the overall economy. Regarding the earmarked funds, the government plans to make them accessible to small business owners through a single-digit interest loan, with the aim of facilitating business expansion and wealth creation. The Permanent Secretary highlighted previous government interventions in the MSME sector, including the Anchor Borrowers Programme (ABP), Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS), and the N10 billion National Enterprise Development (NEDEP) Fund. These interventions are strategically designed to support MSME growth, drive industrialization, and propel economic advancement. Read the full article

[naijabullet]

SMEDAN Sterling Bank Loan Application Guide for Business Owners (Get up to N2.5M For Your Business)

The Sterling Bank of Nigeria and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have partnered to launch a N5 billion loan program that is designed to empower small and medium-sized enterprises (SMEs) across Nigeria. The SMEDAN Sterling Bank Loan is an offer of single-digit interest rates and flexible repayment terms, making it an attractive option for SMEs looking to…

[rainsmediaradio]

How DFIs, Local Investors Can Drive Economic Development in Nigeria 2024.

How DFIs Local Investors Can Drive Economic Development in Nigeria 2024.

How DFIs and Local Investors Can Drive Economic Development in Nigeria 2024 and Beyond by Dr Kenny Odugbemi

Development Finance Institutions (DFIs) tend to look for investments that can drive economic development in a market where there is ease of doing business through digital interface ✓Government to local investors (manufacturers, entrepreneurs, SME's, involved with production of goods and services for export ✓Government to foreign investment ✓ Federal Government to State Government business network through regional coordination Nigeria is blessed with the following ✓ abundant natural resources, eg- raw materials and varieties of mineral deposits ✓human capacity with right competence, and developing infrastructure which is a driving force that will aid mobility of commerce, with huge young demographics of working population with purchasing capacity. ✓Availability of infrastructure cuts across regional industrial hubs across 36 states including Abuja ✓ Availability of forex without any trade restrictions Nigeria has a lot of opportunities for development impact Development Finance Company, focusing on encouraging small business growth across 36 states including Abuja Nigeria has really grown and evolved but our commitment to Nigeria, its businesses and local communities, remains the same over the years. We have made commitments targeted at supporting local SMEs through financial institutions. Investments, such as syndicated loan package, trade agreement through Federal Government and a network of big Manufacturers and exporter across different sectors through Advisers’ Growth Fund, aim to address such buffer banking penetration and operations in the country, which stands at just 15 per cent despite having the second largest banking sector on the continent. The timing couldn’t be better. our President Senator Bola Tinubu had be jetting round Europe and Africa sub-region to attract FDA's and sign billion dollar Capita injection to support our production capacity across all sectors especially power and other essential infrastructure that had capacity to kick start high level production of goods that can be exported to earn more dollar to buffer up our depleting foreign reserve, provide employments for 53% of our unemployed youths L Nigeria has just signed the African Continental Free Trade Agreement, which is expected to increase intra-African trade by up to 52 per cent by 2024 and beyond. According to the African Development Bank. Increasing financing to SMEs across the country will enable them to participate in the new framework and benefit from the opportunities it presents. Investing in financial systems is a driver of and important pre-conditions to economic growth Nigerian companies come from across a range of sectors. has the potential with the commitment to buffer up local investment in the country, this will require FDI's inflow to support their commercial and sustainable businesses Accelerate their growth to create sustainable jobs, services and opportunities to benefit the Nigerian people. Furthermore, the recent strategic drive by our President with other delegation to see FDI'S inflow and other investments aligns with the priorities of the Central Bank of Nigeria, which is focused on driving consumer credit, SME lending and mortgages. In July 2023 CBN issued a memo as sanctions on our commercial banks in Nigeria to ensure a loan-to-deposit ratio of under 60 per cent, forcing them to either increase their lending to meet the threshold or face requirements to increase the amount they must hold on their balance sheets. The measure has been designed to help meet the target of 95 per cent financial inclusion by 2024 and beyond. As the largest economy in Africa, Nigeria has the capacity to become increasingly attractive to overseas investment. This year the IMF upgraded Nigeria’s GDP growth forecasts to 3.2 per cent in 2024 presenting potential for other investors to move into the market buoyed by the forecast. It is not just the financial sector that provides opportunities for impacted investors. African development bank has pledge $320 million invested in Nigeria both directly and indirectly, to support Youth entrepreneurship development .It is noteworthy to state Secretary of States from USA, UK, Germany, UAE and others have visited Nigeria to see first-hand abundant opportunities across 6 regions and Abuja especially Hybrid Power automation and upgrade in Nigeria, and other infrastructure that can support our yearning to improve on our production for exports to earn more foreign exchange Nigeria Priority Investment Industries Nigeria is one of the fastest developing countries in the world, one of the resource-richest countries in the world, the most strategically situated country in Africa, and the largest market in Africa with a population of over 220 million people and a rapidly growing middle-class. With the Africa Continental Free Trade Agreement (AfCFTA) in the making soon to be the largest single trading block in the world and with Nigeria being one of the major players, Nigeria's economy is projected by experts to be enroute to top 10 economies of the world by 2050, and possibly clocking a GDP of over $6 trillion. The driving force behind this rapid growth are the vibrant industries, all of which have been wholly privatised to attract and boost local and foreign investments. As a result of favourable government policies and incentives, the Ease of Doing Business in Nigeria has steadily improved, attracting Foreign Direct Investments (FDI) from countries like China, the United Kingdom, France, Canada and the United States. The following are the most attractive industries to invest in Nigeria, due to existing favourable government policies in way of tax holidays, special incentives and privileges as well as protections for foreign investors. ✓Agriculture This covers all related activities including Commercial Farming, Livestock, Aquaculture, Hydroponics and others. Among numerous other advantages, Agro-industrial ventures benefit from a five-year tax holiday, an agricultural credit scheme guaranteed by the Central Bank of Nigeria (CBN), subsidized fertilizers and zero import duties on raw materials used to make livestock feed. According to the Nigerian Investment Promotion Commission (NIPC), the agricultural sector contributes 25% of Nigeria’s Gross Domestic Product (GDP) and accounts for 48% of the labour force. The sector’s growth rate over the last 5 years averaged 4%. Crop production dominates the sector, accounting for 22.6% of GDP alongside livestock (1.7%), fisheries (0.5%) and forestry (0.3%). The Government's Agriculture Promotion Policy 2016-2020 has achieved significant progress in creating a conducive commercial environment to meet domestic food demands, generate exports, and attract foreign investment, among other merits. ✓Industry Nigeria is a natural location for a variety of industrial activities due to the availability of natural resources, affordable labour cost and large market. Its manufacturing sector is reemerging due largely to the improving performance of the consumer and household goods industries and growth of the middle-class. Nigeria produces a large proportion of goods and services for the West African subcontinent. The industry sector contributes an annual average of 23% of the GDP. The major activities include oil & gas (9%), manufacturing (7%), and construction (5%). The sector is strategic to the government’s objective of diversifying the economy in line with the Economic Recovery & Growth Plan. ✓Petroleum Oil, natural gas and related products account for 90% of Nigeria's total export volume and more than 80% of the government revenues. Nigeria is Africa's largest producer of petroleum and the 6th largest in the world, with an average capacity of 2.5 million barrels of crude oil daily. As a member of OPEC, Nigeria also ranks as the world's 8th largest exporter and has the largest natural gas reserves in Africa, ranking 7th position globally. However, the local refining capacity is only 24% which creates a huge gap between the demand for refined petroleum products and local supply. Towards bridging this gap, the downstream industry has been open to private sector participation and foreign investments and with the passing of the new PIA (Petroleum Industrial Act) in August 2021, conditions have become much more favourable to foreign investors. With various government schemes and new policies like better profit sharing, Nigeria's oil and gas industry remains one of the most lucrative sectors to invest in. For this reason, Oil giants like Total, Chevron, ExxonMobil, Elf, Shell, ConocoPhillips, Eni and China's CNOOC all maintain operations in Nigeria. ✓Manufacturing The manufacturing sector in Nigeria is geared towards accelerating industrial capacity to increase the sector’s contribution to GDP. The Government's target is to generate an additional US$20 to US$30 billion in manufacturing revenues over the next 3 to 5 years and substitute imports and diversify exports, diversify the economy from petroleum, create jobs and generate wealth. Foreign investors are welcome to take part wholly or jointly in manufacturing or industrial projects like food processing - fruit, vegetable oils, oil seeds, roots and tubers processing, cereal and grain milling; Sugar production, Confectionaries and beverages, ceramic and glass production, solid mineral processing and so on. ✓Construction After experiencing a 7.5% decline in 2020 due to the economic effects of Covid-19, Nigeria’s construction is expected to make a 4% recovery growth in 2021. With the steady expansion of the real estate market and state support in the infrastructure and energy sector, Nigeria’s construction market is due to increase 3.2% annually between 2022 and 2025. Favourable Government policies and programs like the $2.7bn Infra-Co fund backed by the Central Bank of Nigeria (CBN), the Nigerian Sovereign Investment Authority (NSIA) and the Africa Finance Corporation Companies (AFCC); has attracted a investors into the sub-sector and boosted the confidence of existing players like Julius Berger, China Civil Engineering Construction Company (CCECC), Reynolds and Arab Contractors. ✓Mining Mining is a growing and thriving sector accounting for 0.3% of national employment, 0.02% of exports and about $1.4 billion to Nigeria's GDP, according to a recent report by the Federal Ministry of Mines and Steel Development. With untapped minerals like Baryte, Limestone, Gypsum, Lead/Zinc, Gold and more, Nigeria is literally a goldmine waiting to be explored. Despite its comparatively low production and output, the mining sector thrives within a well defined regulatory structure supported by active professional bodies and agencies that are increasingly shaping policies, creating programs and incentives favourable to investors in order to unleash this huge economic potential of this sector. ✓Energy The energy sector is one of the most exciting due to the room it leaves for a variety of possible innovations and creativity in the entire energy value chain ranging from power generation to conversion to storage to distribution to meter reading to billing etc. Currently, Nigeria's largest power source is the post-colonial Kianji hydroelectric power dam with a compromised capacity of Nigeria's total supply of almost 12000MW attained as of 2023. With a fast growing population and rapid industrialisation of the country, the current power capacity is said to be only 12% of what the country needs. In order to bridge the huge gap between demand and supply of energy in the country, the Federal Government had liberalised, diversified and commercialized the energy sector and also put in place tax holidays, investment incentives and other protections for foreign direct investors in this sector. ✓Services The Nigerian services sector has remained resilient amidst hard-hitting economic circumstances. The strength of the sector has hinged on its consumer-facing nature which have seen it grow into a significant economic force. Over the last decade, the sector has met pent-up consumer demand and served a fast-growing middle class. Buoyed by government policies and increased private investments, growth in the sector has driven the diversification of the economy. ✓Trade Services Due to a growing generation of Nigerian consumers, wholesale and retail sales (trade services) have become the second largest sectoral contributor to our GDP Nigeria is one of the most attractive investment markets for retailers in Sub-Saharan Africa, largely attributed to a growing middle class. A wide range of foreign investors, including South Africa’s retail giants - Shoprite and Pick n Pay, the Dutch retailer SPAR, and many more operate in Nigeria. These foreign investments are complemented by a host of domestic private investors who are building a chain of retail stores all across the country. ✓ICT Sub-sector The information and communication sub-sector contributed 12% in 2018 and has grown at about 4% over the last 5 years, making it the fastest growing and largest telecommunications industry in Africa. With a population size of about 206 million, less than 60% of whom are active internet users, the information, communications and technology (ICT) industry presents attractive investment opportunities. Through various electronic platforms, Nigeria’s ICT network has revolutionized business transactions by providing a highly mobile-technology-driven population seamless ability to bank, invest, purchase, distribute, communicate, and explore anytime and anywhere access to the internet is available. This trend has opened doors to investment in many aspects of ICT including hardware, software, network, apps and related services. ✓Financial Sector Following wide and far-reaching reforms, the Nigerian financial and insurance industry has steadily evolved into a more diversified, stronger and more reliable industry equipped to stimulate and support economic growth and sustainable industrial development of the country. According to the NIPC, the industry contributes about 3.2% to Nigeria’s GDP. With the launch of the new e-Naira digital currency in October 2021, Nigeria has enhanced the integration of electronic payments into our financial system, a step that has reduced the flow of physical cash in the economy and is gradually transforming the country into a cashless environment. ✓Banking industry The banking industry is regulated and supervised by the Central Bank of Nigeria (CBN) under the Banks and Other Financial Institutions Act (BOFIA), CAP.B3, LFN, 2004. The industry has developed robustly driven by technology, with service offerings across various electronic platforms. Our electronic banking potential of about 40% of the population is still largely unbanked. will latent potential that provides a huge opportunity for investors. ✓Insurance Industry Nigeria’s insurance industry is one of the biggest in Africa, although its penetration is very low compared to its potential market size due largely to cultural and religious beliefs. Despite this, the industry remains resilient with total investment income in excess of N50 billion (US$160 million). With the implementation of the Pension Reform Act 2014 and the sustained implementation of tight monetary regime by the Central Bank of Nigeria, the insurance industry is expected to continue in the path of growth which is estimated to be at an annual average of 10% .The industry is regulated by National Insurance Commission (NAICOM) which is charged with the effective administration, supervision, regulation and control of the business of insurance in Nigeria. ✓Tourism and Hospitality Tourism is one of the most important growing sectors of the Nigerian economy due to its inter-relativity to other sectors like Transportation, Infrastructure, Construction, Real Estate, ICT and the food industry. The government gave priority status to the Tourism Industry as far back as 1990 when the National Tourism Policy was launched, with the main policy thrust being to generate foreign exchange earnings, create employment opportunities, promote rural enterprises and national integration, among other things. Nigeria’s Vision 2010 had set 2005 as the nation’s year of tourism, though not much was actualized due to crumbled infrastructure and the government's poor implementation. However, today the tourism policies and programmes will now be aimed at making Nigeria the “Ultimate Tourism Destination in Africa” with a particular focus on boosting private sector involvement with investment incentives. Nigeria is blessed with a vibrant culture and multiple festivals with international marketing potential, historical sites and naturally stunning sites ranging from tropical forests, magnificent waterfalls, beaches and climatic conditions with resort potentials conducive for holidaying. ✓Transport and Logistics The transportation, logistics and supply chain sub-sector is one of the fastest growing industries in Nigeria due to its dependence on other fast growing sectors like infrastructure construction, trade and eCommerce. With an estimated growth of $160 million annually, the sector is promising in every sense of the word. This is why the federal government has embarked on an aggressive campaign to transport and distribution networks, workforce, road infrastructure, road congestion, road conditions, interstate highway access, vehicle taxes and fees, railroad access, water port access,, air cargo access, etc. to ensure innovation within the infrastructure development cycle of logistics and supply chain a well as attract local and foreign investments. ✓Education and Training The rapid industrialisation of Nigeria has seen a sharp increase in demand for skilled labour education. An estimated 80,000 Nigerians go abroad each year to obtain an education or some type of short-term training. That number, added to an existing 180 million people in the country within the learning age. There is an increasing demand for affordable education and training in specialized fields like ICT courses, Business, sciences and Foreign Languages. Due to the global pandemic curbing young people's ability to travel and study abroad, the market for quality education within the country is reaching an all-time high. With the exemption of profit taxes for education providers, as well as other incentives in place, the Government hopes to achieve home-trained labour-force for the growing industry and service sectors. ✓Healthcare and medical For thousands of years, Nigerians have traditionally believed in preventing healthcare through naturally healthy food and cleansing herbs. Read the full article