LAPO Microfinance Bank is A Devilish Loan Shark

The Nigerian banking system has always been tagged as a system that retards rural development and is harmful to SMEs. Several examples exist to underscore this, ranging from the high interest rates on loans, refusal to give loans without collateral, and absence of moratorium when loans are given out. Big banks are typically guilty of... Continue Reading →

Every Nigerian is Focusing on the Federal Govt: What About the State Govt and Local Govt?

Nigeria is a country that constitutionally has a power structure devolved among 3-teirs of government. The Federal government occupies the top position, followed by the state, and then the local government. Also, each tier os government has its constitutionally stipulated roles. Everybody in Nigeria knows that these 3-tier form of government exists. Yet nobody cares,... Continue Reading →

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