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Business Why Nigeria Is A Good Place to Do Cocaine Business, Not Legitimate Business – Audu Ogbe

#1
Minister of Agriculture and Rural Development Chief Audu Ogbeh has condemned the lending rate being charged by banks in Nigeria, warning that with the development, it may be a good business ground for cocaine dealer.

Ogbeh spoke in Abuja at the 2016 Annual Conference of the Business and Professional Women (BPW) of Nigeria with the theme: “Leaders growing leaders”.

He expressed concern that with high lending rate, doing business in the country would be discouraging.

Ogbeh said while there had been arguments that the lending rate cannot be lower than the inflation rate, the development was not good for the economy.

AuduOgbeh.JPG

His words: “Nigeria is a tough environment to do business in. One of the issues that I have always complained about is the outrageous interest rate, which banks charge today.

“For the last 30 years, it has become nearly impossible for small and medium businesses to survive. The interest rate has been hovering around 18 per cent to 22 per cent and now to 30 per cent.

“That kind of interest rate may be good for producing cocaine but it’s definitely not for any legitimate business".


Ogbeh, therefore, urged professional and business women to embrace agriculture, adding that the ministry would make rice mills available to them in any location of their choice.


Source: The Nation Newspaper
 
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Oluogunjobi

Oluogunjobi

Social Member
Curators
#2
@Samguine @RemmyAlex @ese @Lequte @Jules @kemi How has your Minister performed in the last one year? #DefendYourMinister
 
RemmyAlex

RemmyAlex

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Curators
#3
Arrant nonsense!
 
RemmyAlex

RemmyAlex

Social Member
Curators
#4
@Samguine @RemmyAlex @ese @Lequte @Jules @kemi How has your Minister performed in the last one year? #DefendYourMinister
Just combine all the ministers and lets do with Minister Fashola.

So, Let it be All ministers Vs Super Minister, BRF :)
 
Jules

Jules

Social Member
Curators
#5
I have no minister, my state has no minister - Don't you dare try to shame me @Oluogunjobi
 
Oluogunjobi

Oluogunjobi

Social Member
Curators
#6
I have no minister, my state has no minister - Don't you dare try to shame me @Oluogunjobi
What state is Minister of Budget Padding from, again please?
 
E

ese

Moderator
Staff member
Curators
#8
Just combine all the ministers and lets do with Minister Fashola.

So, Let it be All ministers Vs Super Minister, BRF :)
Very funny, how can you compare Fashola as a minister to Kachikwu as a minister. Fashola has done nothing as a minister
 
RemmyAlex

RemmyAlex

Social Member
Curators
#9
Very funny, how can you compare Fashola as a minister to Kachikwu as a minister. Fashola has done nothing as a minister
No, no way.... Lai Mohammed is even better than Kachikwu. Another minister PLEASE !
 
A

airstar

New Member
#10
No, no way.... Lai Mohammed is even better than Kachikwu. Another minister PLEASE !
Where will you place Kemi Adeosun.....As for me, its been long I heard of Fashola working on anything.
 
RemmyAlex

RemmyAlex

Social Member
Curators
#12
Udo Udoma - @Jules Minister
Ahhh...Padded Buhari Minister : ).. Even Jules has dissociated herself from the Minister. He is not a minister. We will sack him next year and replaced with Oshio Baba.
 
RemmyAlex

RemmyAlex

Social Member
Curators
#14
Where will you place Kemi Adeosun.....As for me, its been long I heard of Fashola working on anything.
maybe you have been reading Entertainment news. Follow more stuffs on Nigerian Bulletin Business section. You will enjoy more on Fashola.

Read: Fashola's Achievements as Buhari's Minister in ONE YEAR

cc: @ese

@Oluogunjobi
@Samguine
 
Oluogunjobi

Oluogunjobi

Social Member
Curators
#15
@curator - Who is your Minister?
 
Samguine

Samguine

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#16
*Fashola is a joke. He has done three things since he became minister

1. Blame Jonathan
2. Blame Jonathan
3. Blame Jonathan

*Kachikwu has been doing absolutely nothing..just blowing grammar, same with Kemi Adeosun. No wonder Kachikwu was sacked from NNPC due to his incompetency

*All the ministers from the South West are nothing to write home about. From the Ebola loving and Lassa bringing health minster to the glove wearing communications minster from Oyo. The only achievement Shittu has was to bring MTN execs for a round table meeting.

;
;
;
;
Still typing..
 
Oluogunjobi

Oluogunjobi

Social Member
Curators
#17
maybe you have been reading Entertainment news. Follow more stuffs on Nigerian Bulletin Business section. You will enjoy more on Fashola.

Read: Fashola's Achievements as Buhari's Minister in ONE YEAR

cc: @ese

@Oluogunjobi
@Samguine
VP Osinbajo, Dignitaries Disgraced By Power Outage In Niger - https://www.nigerianbulletin.com/threads/vp-osinbajo-dignitaries-disgraced-by-power-outage-in-niger.226283/

I can't find the one that Fashola was disgraced at a meeting due to power outage...
 
Oluogunjobi

Oluogunjobi

Social Member
Curators
#18
Where will you place Kemi Adeosun.....As for me, its been long I heard of Fashola working on anything.
I am not sure I know Kemi Adeosun's role in Buhari's cabinet. Is she on the Economic team?
 
RemmyAlex

RemmyAlex

Social Member
Curators
#19
VP Osinbajo, Dignitaries Disgraced By Power Outage In Niger - https://www.nigerianbulletin.com/threads/vp-osinbajo-dignitaries-disgraced-by-power-outage-in-niger.226283/

I can't find the one that Fashola was disgraced at a meeting due to power outage...
Well, Fashola once said: "the recent attacks on gas pipelines in the Niger Delta region by militants responsible for power failure in the country.

Fashola's plan had been included in the roadmap for the power sector, which are in three phases, the first phase incremental, second steady power and third, uninterrupted power supply.

Presently, I will say work is gearing towards incremental with other alternative power sources.

Another argument?
 
A

airstar

New Member
#20
@RemmyAlex..Samguine who is a dedicated member of NB has helped me by replying you with Fashola's achievement.
 
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