Business
Cooperative Firm Wants Self Dev Of Enterpreneurs
The President/Chairman of Matrixx Co-operative and Credit Society Limited in Port Harcourt, Dr. Larry Goodwill Ajiola, has stressed the need for self development of entrepreneurs in 2022.
Dr. Ajiola, who said this in his advice to his members, noted that self development would make them relevant as entrepreneurs in their areas of businesses and life endeavors.
The President who is also a UN Eminent Peace Ambassador, said self development would also enable them to excel, saying that “people will begin to look for you to give them administrative advice as a knowledgeable entrepreneur.
“Be focused and add value to yourself. People will come seeking your help and you would become very important”, he stated.
He continued that most SMEs do not do well due to lack of knowledge in the business they are into.
According to him, venturing into a business without proper training and self development has accounted for many business closures within the first two years of commencement, adding that in 2022 many businesses would receive financial aid in the name of government loans and grants.
He, however, warned members of co-operatives and SMEs at large against scammers who parade different sites for loans and grants application, saying, “clicking on those sites causes additional poverty as they rub the little one in your hands”.
Abiola, therefore, urged members to avoid distractions, adding that devotion and commitment produces results in business.
By: Lilian Peters
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.