Investment Opportunities

African Development Bank approves Malawi’s economic strategy

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African Development Bank approves Malawi’s economic strategy

The African Development Bank has approved its Country Strategy Paper for Malawi for 2018-2022 to boost economic diversification, reduce dependency on rain-fed agriculture and build resilience for growth in the southern African nation. The Country Strategy Paper will guide the African Development Bank’s operations in Malawi with regards to its financial, technical and knowledge assistance to the country.

It will seek to ameliorate Malawi’s low levels of industrialization, infrastructure gaps in energy, lack of diversification, limited sources of export revenue and low financial intermediation.

The new five-year plan builds on the Bank’s previous Malawi Country Strategy Paper 2013 – 2017 and will advance corporate strategies and the country’s most pressing development needs detailed in Malawi’s Growth and Development Strategy III. The strategic blueprint is articulated around two main strategic pillars focused on further development of the country’s energy, transport, agriculture and water sectors.

The first pillar proposes investments in infrastructure development, while the second seeks to advance investments in economic transformation projects and programs.

Through these pillars, the Bank will aim to strengthen the foundations for private sector development by unlocking private and public investment, promote diversification, build economic resilience to reduce poverty and address rising income inequalities across gender.

Subdued agricultural output and increased maize import caused by two consecutive years of drought was responsible for the 2016 slump in economic growth to 2.7 percent. Malawi’s economic growth however rebounded to 5.1 percent in 2017 owing to a recovery in agricultural production.

The Bank’s interventions will thus build on ongoing positive developments in the domestic environment, driving economic transformation and small industry to support diversification and (decent and formal) job creation. Designed to reduce fragility and address issues of economic, social and climate resilience, the new Country Strategy Paper gives greater attention to the specific challenges Malawi is facing as a small landlocked country, with a growing population that currently doubles every 22 years.

The Bank’s plans will also support key water basins such as Songwe River and Lake Malawi. The Country Strategy Paper was developed through consultations with the Government of Malawi, the private sector, civil society and other development partners.

Based on these successful engagements, the Government has expressed greater Bank participation in its knowledge-management, transportation, macro-economic and policy reforms agenda.

The impact of two upcoming events on the country’s macro-economic outlook – the 2018 Population and Housing Census and 2019 Presidential and Parliamentary elections – have also been factored into the design of the country strategy The Malawi Country Strategy Paper 2018-2022 aligns with the Bank’s Human Capital, Agricultural Transformation in Africa, Industrialization for Africa and Jobs for Youth in Africa strategies. It also operationalizes the Bank’s High 5 priorities. As at October 2018, the Bank’s active portfolio in Malawi covered 15 operations totaling slightly over US$308 million.

Investment Opportunities

President Muhammadu Buhari says there are vast opportunities for Nigeria and Namibia to cooperate in areas like agriculture and trade.

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Nigeria, Namibia to explore vast opportunities in agric., trade—President Buhari

President Muhammadu Buhari says there are vast opportunities for Nigeria and Namibia to cooperate in areas like agriculture and trade. The president stated this on Tuesday during a farewell audience with the outgoing High Commissioner of the Republic of Namibia, Peingeondjabi Shipoh, at the Presidential Villa, Abuja.

President Buhari recalled the sacrifices made for the freedom of Namibia, particularly by the administrations of Generals Murtala Mohammed and Olusegun Obasanjo. While noting the great potentials in Africa, the President decried illegal exodus of African youths to Europe, at grave risk to lives and limbs.

The president, therefore, frowned at the sheer desperation that made Nigerian youths to dare both the Sahara Desert and the Mediterranean Sea, all in the bid to take up menial jobs in Europe. According to him, this desperation is hurting the pride of the country. He, however, pledged: “We will do our best to make our country live-able again.’’

President Buhari recalled the sacrifices made for the freedom of Namibia, particularly by the administrations of Generals Murtala Muhammed and Olusegun Obasanjo. The outgoing High Commissioner, who spent four years and eleven months in Nigeria, said the country had become second home for himself and his family. He said: “I enjoyed great support in carrying out my duties. I’ll return home with absolute satisfaction that our two countries are more than ready for intra-African trade and exchange of state visits by the leaders. “Our two countries have a lot in common, and Africa can only be developed by Africans themselves.’’ Shipoh wished Nigeria successful general elections in 2019.

ENTERTAINMENT

The Truth in Lady’s Sexual Assault Accusation Against Kevin Jazaura?

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The Truth in Lady’s Sexual Assault Accusation Against Kevin Jazaura?

Social Media has given people the well-deserved recognition they need, brought about business boom for lots of online vendors, but when in the wrong hands and used for the malicious purposes, it can be used to tarnish the image of a brand, person, or even cause people who have been victimised on the platform to sink into depression and resort to unimaginable vices.

In a recent trend that has sadly become a thing, people, especially ladies have called out members of the opposite sex for attempting to get physical with them. Two that easily come to mind are the accusation against Unilag Olodo, by a lady who claimed he forced himself on her, but when legal action was taken up by the accused, she was nowhere to be found upon request to show up at the police station; another is the story of actress Sola Fapson and the Taxify driver who she labelled a rapist after his alleged attempt to violate her sexually.

The latest is this claim by a Nigerian lady, LP The Whiskey Lady, who on the 14th of October 2018, posited that a trusted friend of hers who goes by the name, Kevin Jazuara and whose picture she shared on her Instagram page, tried to sexually assault her.

While her account of the event has generated much media attention and having the likes of Linda Ikeji Blog, Instablog and other gossip sites carry the news we can’t help but notice the gaping holes in the accuser’s account.

The accuser mentioned that she was “highly intoxicated” and “as drunk as a sailor” when the assault happened. This brings the question of how she clearly remembers everything that allegedly conspired between herself and Kevin. Understanding how weak she claimed to be, how did she also muster the strength to try to put her finger in his butt hole when all his weight was on her. This would have been more credible if she had stated that she tried to poke his eyes as that’s more easily accessible for a girl as drunk as a sailor… but the butt hole?

We can’t help but wonder how she was able to get him off her, get the keys to his car and drive herself home. Why are there no screenshots of the WhatsApp and Instagram messages of the accused begging her and requesting to see her?

These and many more are the questions that beg for answers. The gaping holes in the story make it obvious that the story is full of assumptions, disjointed, and should not be deliberated upon by those who come across it.

This should also gear people to be considerate of the feelings of those who are actual victims, as the more questionable accounts of sexual assault are pushed out, the less credible the real cases would look, and justice might not be served against rapists when it is needed.

ENTERTAINMENT

Alexander Adefarasin, son of Paul Adefarasin has something to say about the Girl Child.

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Alexander Adefarasin, one of Pastor Paul and Ifeanyi Adefarasin’s sons, recently gave a talk in school on the role of the importance of enlightening the girl child. Thursday, October 11th was the International Day of the Girl, an international observance day declared by the United Nations, which is usually celebrated by most countries of the world.

According to Alexander, “women around the world, especially the 3rd world countries, are perceived to be the lesser gender next to us men, but that is not the case. Instead, they should be perceived as equal to us, and we should not overlook the importance of girls because these girls mature into women who are the mothers and wives of our future generation. And the way people believe that women should be confined to the perimeters of the home, we might be forgetting that the home is the bedrock of society.

There should be the formal education of a child 24/7, 365 days a year. Women, in other words, are great teachers, they sacrifice so much for their children, and they need to have proper requisite to support their husbands, and this comes with education starting from right now. And without the exposure to knowledge, we won’t be able to prep children with the vital skills needed to go through life…”

 

 

View this post on Instagram

 

On this International Day of the #GirlChild, my son was asked to speak on the role of the importance of enlightening the girl child and I was so proud to hear what he had to say. _ It made me realise that even as we raise up these extraordinary young girls, train them to accomplish their dreams and empower them to unlock their full potential, it is also important to train the young boys as well so they will grow into supportive men, encouraging the female gender as they strive to reach their full potential. The one would be much easier to accomplish with the other. _ I hope the message inspires boys and girls everywhere to aspire to greatness, to pursue and fulfil their God-given purpose. While those of us tasked with the important role of raising these young, gifted men and women of tomorrow, are encouraged in our labour of love. What a future awaits them if we raise them up correctly. _ #ProudMom #Girls #InternationalDayOfTheGirl #GirlChild

A post shared by Ifeanyi Adefarasin (@ifeanyiadefarasin) on

In a culture and society that is mostly gender-biased, it is incredible to know that Paul Adefarasin and his wife are raising their kids not just the godly way but also as civil and responsible children. As we focus on building our girl child to be responsible in society, it is essential that we train the male child to know his roles too. They will both grow into adults to live in community together, so we must educate the young boys to be supportive and encouraging gender equality. Men and women are equal.  

TECHNOLOGY

Xiaomi Redmi Note 6 Full Speculations

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Xiaomi Redmi Note 6 Plus Key Specs
Xiaomi Redmi Note 6 smart device

        Xiaomi Redmi Note 6 Key Features

  • 6.26-inch ,IPS LCD capacitive touchscreen, 1080 x 2280 pixels (403 ppi)
  • Android 8.1 Oreo
  • Octa-core Qualcomm Snapdragon 636 CPU with 3GB/4GB/6GB RAM
  • 32GB/64GB built-in storage, up.to 256GB with a memory card
  • Dual 12MP + 5MP rear camera and dual 20MP + 2MP front camera
  • 4G LTE
  • Fingerprint scanner (rear)
  • 4, 000mAh non removable Li-Po battery

 

  • Battery and Camera

    Featured here is the battery capacity that we have been accustomed to on several other Xiaomi smartphones especially the Redmi series. In that regard,  the Xiaomi Redmi Note 6 Pro has a big 4, 000mAh battery inside taking care of keeping the smartphone on. It should be able to last a day even on very engaging use of the smartphone. To recover faster the drained power, you have quick charge tech available on it.

    Optics  on the smartphone include a quad Xiaomi Redmi Note 6 shared equally on both sides. Is it good enough for day to day capture? I would say Yes, with a 12MP primary camera and a 5MP depth sensor at the rear you can rest assured of decent shots. Among features available is portrait mode and AI intelligence to make the pictures better. There is a 20MP camera as well as a 2MP sensor both located  in the notch.

  • Designs and  Display

    You could see that the smartphone has a generic reinvented design common to recent Redmi series which seems to do the trick. However, it is still quite sturdy having a metallic back panel with curved edges and compact build. On the other hand, it is a bit plastic at the top and bottom for connectivity housing the antenna lines. As for the bezel reduction, there’s nothing drastic here just standard cut backs to make the screen more appealing.

    Furthermore, the smartphone comes with a notch as mentioned earlier and much of a standard bezel reduction to support a bigger screen. On the other hand, it has a decent 6.26-inch display with a pixel density of 403 ppi brought about by a 1080 X 2280 pixel resolution.

    Xiaomi Redmi Note 6 Pro Specs
    Xiaomi Redmi Note 6 specs

  • Battery and Camera

    Featured here is the battery capacity that we have been accustomed to on several other Xiaomi smartphones especially the Redmi series. In that regard,  the Xiaomi Redmi Note 6 Pro has a big 4, 000mAh battery inside taking care of keeping the smartphone on. It should be able to last a day even on very engaging use of the smartphone. To recover faster the drained power, you have quick charge tech available on it.

    Optics  on the smartphone include a quad camera shared equally on both sides. Is it good enough for day to day capture? I would say Yes, with a 12MP primary camera and a 5MP depth sensor at the rear you can rest assured of decent shots. Among features available is portrait mode and AI intelligence to make the pictures better. There is a 20MP camera as well as a 2MP sensor both located  in the notch.

  • General Features

    • Platform: Android 8.1 Oreo (MIUI 9)
    • Processor: Octa-core Qualcomm Snapdragon 636
    • GPU: Adreno 509
    • Memory: 3GB/4GB/6GB RAM
    • Colours: Black, Blue, Rose Gold, Red
    • Dimension: 157.9 x 76.4 x 8.2 mm
    • Weight: 182g
    • SIM Type: Nano SIM
    • SIM Count: Dual SIM

    Display

    • Display: 6.26-inch, IPS LCD capacitive touchscreen, 1080 X 2160 pixels
    • Screen Protection: –

    Camera

    • Rear Camera: Dual 12MP + 5MP camera, 1080p Video@30fps
    • Rear Camera Features: Autofocus, LED flash, Geo-tagging, touch focus, face detection, panorama
    • Front Camera: Dual 20MP + 2MP camera, 720p Video@30fps

    Storage

    • Built-in Storage: 32GB/64GB
    • Memory Card Support: Yes, up to 256GB
    • Bundled Cloud Storage: –

    Network Support

    • 2G GSM: Yes
    • 2G CDMA 1X: –
    • 3G WCDMA: Yes
    • 3G CDMA EVDO: –
    • 4G LTE: LTE band 1(2100), 3(1800), 4(1700/2100), 5(850), 7(2600), 8(900), 20(800), 38(2600), 40(2300)

    Internet & Connectivity

    • GPRS: Yes
    • EDGE: Yes
    • 3G/WCDMA/HSPA: Yes
    • HSPA+: 42.2/5.76 Mbps
    • CDMA EVDO: –
    • 4G LTE: Yes
    • WLAN: Wi-Fi 802.11 a/b/g/n/ac dual-band, WiFi Direct
    • Wi-Fi Hotspot: Yes
    • Bluetooth: Yes
    • NFC: –
    • Infrared Blaster: –
    • USB Port: MicroUSB 2.0

    Messaging

    • SMS/MMS: Yes
    • Instant Messaging: Yes
    • Push Emails: Yes
    • Email Protocol: –

    Entertainment

    • Music Player: MP3/WAV/eAAC+ player
    • Video Player: MP4/H.264 player
    • FM Radio: Yes
    • Loudspeaker: Yes
    • 3.5mm Jack: Yes

    Navigation

    • Navigation: Yes, with A-GPS, GPS, GLONASS
    • Maps: Yes

    Sensors & Control

    • Digital Compass: Yes
    • Accelerometer: Yes
    • Proximity Sensor: Yes
    • Light Sensor: Yes
    • Barometer: –
    • SpO2: –
    • Pedometer: –
    • Heart Rate Monitor: –
    • Gyroscope: Yes
    • Fingerprint Scanner: Yes (rear)
    • Iris Scanner: –
    • Face Unlock: Yes
    • Intelligent Digital Assistant: –
    • Motion Sensing / Gesture Control: –
    • Voice Control: –

    Other Features

    • Video Streaming: Yes
    • Active Noise Cancellation: Yes
    • Wireless Charging: –
    • Built-in Mobile Payment: –
    • Water Resistant: –
    • Dust Resistant: –
    • Image Editor: Yes
    • Video Editor: Yes
    • Document Viewer: Yes
    • Document Editor: Yes

    Battery

    • Battery: 4, 000mAh non removable Li-Ion battery
    • Talktime: –
    • Standby Time: –
    • Fast Charging: Yes

Continue reading Xiaomi Redmi Note 6 Full Speculations →

POLITICS

Atiku Abubakar speaks on reunion with Obasanjo, his endorsement by religious leaders

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Atiku Abubakar speaks on reunion with Obasanjo, his endorsement by religious leaders

Atiku Abubakar speaks on reunion with Obasanjo, his endorsement by religious leaders

Presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar has expressed excitement on the outcome of his meeting with former President, Olusegun Obasanjo.

The leaders met on Thursday at Obasanjo’s residence in Abeokuta, Ogun State.

Atiku wrote on his Twitter page after the meeting: “It was exciting meeting with my former boss and having lunch with him in Abeokuta.

Presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar has expressed excitement on the outcome of his meeting with former President, Olusegun Obasanjo.

The leaders met on Thursday at Obasanjo’s residence in Abeokuta, Ogun State.

Atiku wrote on his Twitter page after the meeting: “It was exciting meeting with my former boss and having lunch with him in Abeokuta.

“Thank you for the prayers, Bishop Oyedepo. God bless Nigeria.”

Obasanjo had in the meeting endorsed Atiku’s presidential ambition.

He declared that Atiku will defeat the incumbent President, Muhammadu Buhari of the All Progressives Congress (APC) in 2019.

According to him, he believes that Atiku has ‘re-discovered and re-positioned himself’ and is now good enough to enjoy his support in the next election.

Obasanjo said, “Let me start by congratulating President-to-be, Atiku Abubakar, for his success at the recent PDP Primary and I took note of his gracious remarks in his acceptance speech that it all started here.”

At the meeting were outspoken clerics, Bishop David Oyedepo, Bishop Matthew Kukah and Sheikh Ahmed Gumi.

Also at the meeting were leader of apex Yoruba group, Pa Ayo Adebanjo, former Ogun State Governor, Otunba Gbenga Daniel, PDP National Chairman, Prince Uche Secondus, ex PDP deputy national chairman, Bode George, Senator Murray Ben-Bruce, ex Cross River Governor, Liyel Imoke, ex-Minister Osita Chidoka, among many others.

POLITICS

What You Need to Know About Mr Peter Obi For Governor of Anambra State

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What You Need to Know About Mr Peter Obi For Governor of Anambra State

INTRODUCING THE ORACLE AGAIN…..

NAME : Mr. Peter Gregory OBI, (CON)

CONTACT DETAILS

*22 Niger Drive, GRA, Onitsha, Anambra State, Nigeria
*Tel: 08034051000
*E-mail: poanambra@gmail.com

DATE OF BIRTH : 19th July 1961,

PLACE OF BIRTH: Onitsha, Nigeria

NATIONALITY: Nigerian

MARITAL STATUS: Married with two children

EDUCATIONAL INSTITUTIONS ATTENDED

· Christ the King College, Onitsha (W.A.S.C.)

. University of Nigeria, Nsukka (B.A. Philosophy)

· Lagos Business School, Nigeria (Chief Executive Program)

· Harvard Business School, Boston, U.S.A. (Mid to Mid Marketing)

· Harvard Business School, Boston, U.S.A. (Changing the Game)

· London School of Economics (Financial Mgmt/Business Policy)

· Columbia Business School, New York, U.S.A. (Marketing Mgmt )

· Institute for Management Development, Switzerland (Senior Executive Program)

· Institute for Management Development, Switzerland (Break-Through Program for CEOs)

· Kellogg Graduate School of Management, U.S.A. (Advanced Executive Program)

· Kellogg School of Management U.S.A. (Global Advanced Mgmt Program)

. Oxford University: Said Business School, (Advanced Mgmt& Leadership Program)

. Cambridge University: George Business School (Advanced Leadership Program)

PREVIOUS POSITIONS

· Governor, Anambra State of Nigeria (2006-2014)

· Honorary Special Adviser to the President on Finance (till May, 2015)

· Member, Presidential Economic Management Team (till May, 2015)

· Vice-Chairman, Nigeria Governors’ Forum (2008-2014)

· Chairman, South-East Governors’ Forum (2006-2014)

. Former Chairman: Board of Securities and Exchange Commission (SEC)

· Former Chairman: Fidelity Bank Plc.

· Former Chairman: Guardian Express Mortgage Bank, Ltd.

· Former Chairman: Future Views Securities, Ltd.

· Former Chairman: Paymaster Nigeria Plc.

· Former Chairman: Next International (Nigeria) Ltd

· Former Director: Guardian Express Bank Plc.

· Former Director: Chams Nigeria Plc.

· Former Director: Emerging Capital Ltd

· Former Director: Card Centre Plc

MEMBERSHIP OF PROFESSIONAL ASSOCIATIONS/ORGANIZATIONS

· Member, Nigerian Economic Summit Group (NESG)

· Member, Nigerian Chartered Institute of Bankers

· Member, British Institute of Directors (IOD)

MEMBERSHIP OF FEDERAL GOVERNMENT COMMITTEES

In my capacity as the Governor of Anambra State, I served as a member of:

*Federal Government Committee on Minimum Wage

*Federal Government Committee on Negotiation with Labour on Subsidy

*Federal Government Committee on Mass Transit

*Federal Government Committee on Natural Resource

*National Economic Council Committee on Power Sector Reform

*National Economic Council Committee on Sharing of MDGs Funds

*National Economic Council Committee on Accurate Data on Nigeria’s Oil Import and Export

*Agricultural Transformation Implementation Council

*Sub-Committee on Needs Analysis of Public Universities in Nigeria

*National Economic Council Review Committee on the Power Sector

AWARDS & RECOGNITIONS

2015: Golden Jubilee Award from Catholic Diocese of Onitsha for outstanding contribution to quality healthcare delivery in St. Charles Borromeo Hospital in particular and Anambra State in general, on the occasion of the Golden Jubilee celebration of the hospital.

*2014: Nigerian Library Association Golden Merit Award for remarkable improvement of libraries in Anambra State, exemplified by our Government’s construction of the Kenneth Dike Digital State Library, remarkable upgrade of the Onitsha Divisional Library, and provision of library facilities in secondary schools across the State.

*2014: Champion Newspaper Most Outstanding Igbo Man of the Decade.

* 2014 The Voice Newspaper (Holand) Achievers Award for Outstanding Example in Leadership and Governance.

*2013: Silver Bird Man of the Year (with Governor BabatundeFashola of Lagos State).

*2012: Business Hallmark Newspaper Man of the Year.

*2012: The Golden Award on Prudence – by the Methodist Church of Nigeria as the Most
Financially Prudent Governor in Nigeria.

* 2012: Leadership and Good Governance Award by The Ezeife Leadership Foundation Award for restoring peace and harmony to Anambra State.

* 2012: Best Performing Governor on Immunization in South-East Nigeria – by Bill & Melinda Gates Foundation.

* 2012: Outstanding Financial Planner and Manager – by the Church of Nigeria, Anglican Communion for my resourcefulness and creativity in governance.

*2011: Zik Leadership Prize.

*2010: ICT Governor of the Year – by the West Africa ICT Development Award.

*2009: Champion Newspaper Nigeria’s Most Trustworthy Governor Award.

*2009: Thisday Newspaper Most Prudent Governor in Nigeria.

*2007: The Sun Newspaper Man of the Year Award.

**The Nigerian MDGs Office/UNDP Best Governor in the Implementation of the MDGs in Nigeria

INTRODUCTION OF CONSTITUTIONAL AND OTHER MAJOR CHANGES IN NIGERIAN POLITICS

*He was the first gubernatorial candidate in Nigeria to legally challenge to its logical conclusion, his governorship electoral victory that was denied him. He won in the Courts and reclaimed his mandate.

*He was the first Governor in Nigeria to legally challenge his wrongful impeachment and was reinstated by the Courts.

*He was the first Governor in Nigeria to seek the interpretation of tenures of Governors when INEC allowed elections to take place in Anambra State when his tenure had not expired; the election already concluded was cancelled and he was allowed to complete his tenure.

*He was the first Governor to serve a 2nd term in both the new and old Anambra State, that is, almost 40 years after creation of the State.

*He was the first Governor, whilst still in Office, to be appointed a Special Adviser to the President.

*He was the first serving Governor to be appointed into the Presidential Economic Management Team.

*He was among the first Governors to be honoured with a National Award in 2011, while still in office.

*Though the only Governor whose political party was in government in only one State, he was elected Vice-Chairman of the Nigeria Governors’ Forum twice.

*Though the only non-PDP Governor in the South-East (made up of 5 States), he was elected by the other 4 PDP Governors as their Chairman for 8 years rather than the usual one year.

FUNDAMENTAL ACHIEVEMENTS AS GOVERNOR OF ANAMBRA STATE (PARTIAL LISTING)

1. Anambra was the first State to commence Sub-Sovereign Wealth savings, the first of its kind in Sub-Saharan Africa. At a time many other Governors were leaving huge debts, I left the equivalent of $500 million Dollars in investment as well as local and foreign currency, including $156 million in Dollar-denominated bonds.

2. For the first time in the history of Anambra State, Ambassadors and High Commissioners of notable countries such as United Stated, Britain, Russia, European Union, South Africa, Belgium, Israel, the Netherlands, Canada, among others, visited the State. Before my tenure, Anambra was practically a pariah state blacklisted by the Diplomatic Corps and international development partners.

3. Development partners such as UNDP, UNICEF, the World Bank, DFID, the European Union etc., which hitherto were not in Anambra State started working with the State. Anambra was consistently adjudged one of the best states in development partnership and commitment to reforms for good governance.

4. He was recognised as Best Governor by the Millennium Development Goals Office (OSSAP-MDGs) and the UNDP in the implementation of their programmes in Nigeria.

5. The Nigerian Debt Management Office (DMO) rated Anambra as the least indebted state in Nigeria. In spite of visible and measurable achievements recorded in various sectors, the State under him did not borrow or raise bonds for her various projects.

6. The Senate of the Federal Republic of Nigeria rated Anambra State as the most financially stable state in the country.

7. The State’s ground-breaking return of schools to their original owners – Voluntary Agencies (Churches) on 1st January 2009, and subsequent partnership with the Agencies in Education, saw the State move from 24th position out of 36 States to Number One in National Examination Council (NECO) and West African Examination Council (WAEC) examinations for three consecutive years. This made the World Bank to commission a study, led by the renowned Prof. Paul Collier of Oxford University, on this revolutionary partnership and phenomenal achievement.

8. The State also entered into strategic partnership with the Churches in the Health sector. This symbiotic relationship resulted in a tremendous boost to health care because of the services offered by health institutions owned by Voluntary Agencies, while the State restored grants to the agencies and made available to them more than 50 million Dollars in various types of support.

10. Through partnership with the Church in the Health sector, his Government funded the transformation of -:

a: Iyienu Hospital, Ogidi;
b: Our Lady of Lourdes Hospital, Ihiala;
c: St Charles Borromeo Hospital, Onitsha;
d: Holy Rosary Hospital, Waterside, Onitsha; and
e: St. Joseph Hospital, Adazi-Nnukwu.
His Government also built the Joseph Nwilo Heart Centre in St. Joseph, Adazi-Nnukwu, where heart operations are now being performed.

11. His Government won the Bill and Melinda Gates Foundation (1 Million dollars) as the best-performing state in immunisation in the South-East. With complementary funding from our Government, they used the money to build 10 Maternal and Child Care Centres across the State, particularly in rural communities, in partnership with the Churches.

12. The State was the first to procure and distribute more than 30,000 computers to secondary schools, including 22,500 from HP. The Managing Director for Personal Systems Group HP Inc, Mr. FabriceCampoy described the deployment as the biggest of such projects in the Middle-East and Africa.

13. Anambra State Government provided Microsoft Academies to more than 500 secondary schools, which the Head of Microsoft in Nigeria (Mr. Ken Span) described as the biggest such deployment in Africa so far.

14. The State provided Internet access to more than 500 secondary schools, which the CEO of Galaxy Backbone (Mr. Gerald Ilukwe) characterized as incomparable to any in the country.

15. More than 700 buses were provided to secondary schools in the State by our Government.

16. Boreholes were provided in schools all over the State.

17. Numerous classrooms were built in all the 177 communities of the State.

18 As part of the efforts to turn around the economy of the State, a number of companies were attracted to build their facilities in the Anambra State. A case in point is SABMiller, the 2nd largest brewery in the world, which built their first Green Field facility in the State, which is today one of the most successful facilities they operate globally.

19. A number of other companies followed the SABMiller initiative and were all supported and encouraged under our Government; a good example is INNOSON Motor Manufacturing Company, from which our government bought more than 1,000 vehicles.

20. Anambra State for the first time started close collaboration with recognized government security agencies (the Police, Army, Navy, Department of State Security, Civil Defence, among others), offering them various types of support including provision of more than 500 security vehicles. The improvement in security was phenomenal, such that the former IG of Police (Abubakar Mohammed) lauded Anambra State for not witnessing any bank robbery in my last three years in office.

21. To further enhance security, Anambra State provided at least one security vehicle to each of all the 177 communities in the State as well as various organizations such as markets and Churches.

22. His Administration conceived and built, from scratch, the first state-owned Teaching Hospital, Chukwuemeka Odumegwu-Ojukwu teaching Hospital, Awka.

23. His Government commenced the planned development of the Igbariam Campus of the ChukwuemekaOdumegwu-Ojukwu University, including the fencing, construction of internal roads, electrification, construction of the Faculty of Law, Auditorium, Administrative Block, Faculty of Agriculture, Management Building, among others).

24. His Government attracted the World Bank support on erosion – National Erosion and Watershed Management Project (NEWMAP) – to Anambra State.

25. His Government was the first to do Poverty Mapping in Nigeria, as a guide for the effective implementation of our poverty-alleviation strategies.

26 His Government, for the first time, undertook the aerial mapping of Awka as well as the production of Structure Plans for Awka Capital Territory, Onitsha and Nnewi.

27. During his tenure and with his Government’s support, Anambra State became an oil producing State.

28. He built the first Secretariat Complex to house State Government Ministries that were hitherto scattered around the State.

29. His government commenced the development of the ‘Three Arms Zone’ comprising Government House/Governor’s Lodge, Legislative Building/Speakers Residence, and Judiciary Building with Chief Judge’s Residence.

30. By the end of his tenure in 2014, more than twelve (12) health institutions, including two hospitals, had secured accreditation; when we took off in 2006, no health institution in Anambra State was duly accredited.

31. Anambra State was the first to undergo national peer review, which scrutinised State Governments for good governance, through the State Peer Review Mechanism (SPRM), an initiative of the Nigerian Governors’ Forum in collaboration with the DFID.

Finance

Quidax : Top Digital Assets Exchange in Nigeria

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Quidax : Top Digital Assets Exchange in Nigeria

A European based company called Quidax launches her digital assets exchange in Nigeria. Their story dates to 2016 when the founders came together to create a platform that will leave a dent in the world of finance and their goal is to give opportunities to as many that want to be a part of a great story of wealth circulation.

They are launching with a trading platform which guarantees a simple, secure and seamless interface that allows users to buy and sell cryptocurrencies. At launch, Quidax will allow users buy and sell 6 cryptocurrencies, expanding to over 20 in the next 3 months. This instantly makes Quidax the largest exchange operating in Africa by the sheer number of choices available to users. These assets include Ripple, Litecoin, Bitcoin, Ethereum, Bitcoin Gold, and Bitcoin cash.

Unlike most exchange platforms, Quidax takes away the tedium of running between minimised phone apps while transacting and offers users a buffet of assets to buy and sell. The all-in-one benefit of the platform has seen users trooping en mass to sign up for trades on their platform.

According to the CEO Africa, Buchi Okoro, “having taken into consideration the problems besetting the current global financial landscape, the mission of Quidax is to challenge the status quo, to push humanity forward and thus, the exchange is a step towards our goal of breaking down financial barriers and increasing opportunities to wealth creation”. The company would also engage heavily in blockchain and cryptocurrency education to increase the level of understanding in Nigeria, something that is lacking today.

If you are looking for an easy way to trade cryptocurrency, then your best days are here already. For more information, follow their social media pages: Instagram, Facebook and Twitter. You can also check out their website.

BREAKING NEWS

How poor corporate governance blew away N2trn assets of SKYE BANK

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From Skye Bank to Polaris Bank: How poor corporate governance blew away N2trn assets of SKYE BANK

The Nigerian Stock Exchange, NSE has notified the investing public that the shares of Skye Bank Plc will be suspended from trading on the floor of the Exchange effective Monday, 24 September 2018.

According to statement by the bank : “This action is taken following the recent regulatory action of the Central Bank of Nigeria, CBN, revoking the banking license of Skye Bank and in exercise of the powers of The Exchange pursuant to the Rules on Suspension of Trading in Listed Securities, Rulebook of The Exchange (Issuers’ Rules).” The Exchange, however, did not say what becomes of the fate of the equity investors rather, it merely said, “further developments will be communicated as appropriate in due course.“ Just before CBN anniunced the take over , investors on Friday traded 2,931,537 volume of shares of Skye Bank in 47 deals at N0.77 per share, while the volume of shares traded for the 5 days trading last week stood at 52, 486.693 units valued at N34,339,324.77.

Shareholders kick But the regulatory actions have not gone down well with the investors, especially the retail investors whose investments have been torpedoed.

They have told Financial Vanguard that a joint counter-action against the actions of the regulatory authorities would be underway. National President, Constance Shareholders’ Association of Nigeria, Shehu Mallam Mikail, who spoke the minds of their shareholders told Fianancial Vanguard that the action taken by CBN on Skye Bank was tantamount to a system of mafias against voiceless retail shareholders’ which will erode the confidence of investors in the capital market and which is likely to effect the economy. Noting that it was the same CBN that appointed the interim board and management since 2016 till date and extended their tenure for next two years without coming out to call for a meeting with shareholders to brief them of their stewardship till date. The apex bank, while announcing the takeover of the bank last weekend, said the action was neces
sitated by the shareholders’ inability to recapitalize the bank. But Mikail disagreed with the apex bank stating: “The CBN is now saying the bank need recapitalisation, have they ever asked shareholders to recapitalise the bank?, which is capital no”, and as at the close of market today (last Friday) the stocks were traded, now what kind of regulation is this in Nigeria where an action can be taken without due process and what signal are our regulators portraying to the world?

“Then, there is no interrelation of information within regulators for shareholders to be able to take action that is likely to save their interest.

“This action by CBN is to show that we do not have government which can protect the economy and this is just a slap on the face of shareholders and we will not take it lightly with all bodies concerned. We will challenge the actions”. Another section of shareholders, Progressive Shareholders Association of Nigeria, PSAN, while wondering why the apex bank did not sack the board and management after it had literally indicted them, also lamented the plight of the ordinary investors in the bank. National Coordinator, Mr. Boniface Okezie, stated: “Now that CBN has taken over the bank, it ought to have sacked both Board and Management and reconstitute a new Board and Management.” He stated further: “This action of interfering and taking over of banks by the CBN will result to distortion in the capital market and banking sector and as well send wrong signal to investors.
“Why should investors always bear the brunt when CBN intervenes and take over banks? Is it a crime for shareholders to invest in banks?

I think CBN should henceforth refrain from interfering in shareholders matters. “I can assure you that shareholders are determined to speak with one voice and take up the CBN.

Although we are in court already over the acquisition of Afribank and others, and we are willing to challenge this fresh illegality by the CBN in the court of law.” Okezie further maintained that shareholders groups will rally all other stakeholders in the bank to challenge the decision of the CBN and other sister agencies and ensure that “justice is not only done but seen to be done on the matter.” Our dilemma, by shareholders Founder of Noble Shareholders Association, Gbadebo Olatokunbo, said that the withdrawal of the license by the CBN has added to the dilemma shareholders faced with sale of nationalised banks. Olatokunbo stated: “While retail investors were still grappling with the loss of investment, occasioned by the global financial crisis, they were faced with the dilemma arising from the sale of the three nationalised banks, Bank PHB now Keystone Bank, Afribank which became Mainstreet Bank and Enterprise Bank and now, this one.

“These are the things discouraging local investors. CBN should hold the directors of the bank responsible; they should not allow shareholders suffer the way they did when the other three banks were nationalised. “I wonder what will be the fate of shareholders. It is a big disappointment; I am just going through my holdings to know how much I have there. The directors of the bank must be made to pay for this. “It’s high time regulatory agencies start dealing with offenders, instead of companies, because companies couldn’t operate herself, some people refused to observe the rules for their selfish desires and they should be the ones to be punished and not the companies or the shareholders, after all the CBN approved their appointments, before the shareholders endorsed at AGMs (Annual General Meetings).

‘Hold directors responsible’ “The Directors of Skye Bank must be held accountable, their properties should be sold to offset the debts and not the ordinary shareholders that entrusted the companies to them.” Patrick Ajudua, National Chairman, said: “As usual, the minority shareholders are at the losing end. We have to acknowledge that the primary function of CBN in this instance is protection of depositors. Therefore, they don’t have any obligation to the shareholders; it falls within the power of SEC (Securities and Exchange Commission) to protect investors in the capital market, particularly they minority shareholders.” Continuing, Ajudua said: “The CBN contributed to this. The CBN knowing fully the situation with Skye Bank allowed it to purchase Mainstreet Bank. “When Skye Bank was taken into the CBN intensive care unit, it continued to prescribe the wrong diagnosis by continuously granting the bank access to its lending widow. It is when the bank is in a state of coma that the CBN removed the life support machine and pronounced it dead.

“Tell me why the minority shareholders should suffer for sins committed by the Board and Management of the bank. Are we (the ordinary shareholders) the ones that granted the non performing loans. Are we the cause of regulatory failures on the part of CBN, NDIC, NSE and SEC,” he queried. Founder of Noble Shareholders Association, Gbadebo Olatokunbo, said that the withdrawal of the license by the CBN has added to the dilemma shareholders faced with sale of nationalised banks. Olatokunbo stated: “While retail investors were still grappling with the loss of investment, occasioned by the global financial crisis, they were faced with the dilemma arising from the sale of the three nationalised banks, Bank PHB now Keystone Bank, Afribank which became Mainstreet Bank and Enterprise Bank and now, this one. “These are the things discouraging local investors. CBN should hold the directors of the bank responsible; they should not allow shareholders suffer the way they did when the other three banks were nationalised. “I wonder what will be the fate of shareholders.

It is a big disappointment; I am just going through my holdings to know how much I have there. The directors of the bank must be made to pay for this. “It’s high time regulatory agencies start dealing with offenders, instead of companies, because companies couldn’t operate herself, some people refused to observe the rules for their selfish desires and they should be the ones to be punished and not the companies or the shareholders, after all the CBN approved their appointments, before the shareholders endorsed at AGMs (Annual General Meetings).

BREAKING NEWS

Polaris Bank committed to improved service, customers, says CEO

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Polaris Bank committed to improved service, customers, says CEO

Polaris Bank Limited Group Managing Director/Chief Executive Officer, Tokunbo Abiru, has pledged the commitment of the new bank to deliver on its mandate to all stakeholders, even as he expressed appreciation to customers for their patronage, support and loyalty.

Abiru who stated this on a breakfast feature at the weekend, also assured customers of the old Skye Bank saying “our customers are in for a better deal with Polaris Bank”.

“Polaris is a new chapter, we are stable and alive. With strong, capitalization, liquidity, strong management and clean loan books with adequate capitalization which are key indices for a healthy banking institution, the future could only be brighter for all our stakeholders.

Predicting the future of Polaris, Abiru said: “our future will be hinged on strong corporate governance and with robust business operations, we’d build and enhance a sustainable enterprise that would be the pride of every stakeholder.”

The new bank comes into operation with the injection of a massive N786 billion by the Nigeria Deposit Insurance Corporation (NDIC) on Friday, September 21, 2018.

Polaris also retains the experienced management team that helped repose public confidence in the old Skye Bank.

In recognition of his and team’s sterling performance, CBN had retained Abiru and his team and as a matter of fact, extended another two-year mandate. He currently remains the Group Managing Director of Polaris Bank.

“‘This means whatever money customers had in Skye Bank remains same in Polaris bank. The only difference is the name change and investors coming on board with fresh funds into a bridge institution’’ an industry source educates.

Central Bank Governor, Godwin Emefiele in a statement on Friday, September 21, 2018, confirmed the safety of customers’ and depositors’ funds. The statement by the regulatory CBN also confirmed that ‘’the existing Board, Management and Staff of the defunct Skye Bank has been retained for its good performance’’.

Meanwhile, the NDIC, commenting on Polaris, said as Deposit Insurer, it acted to ensure the continued safety of depositors’ funds in furtherance of the regulatory authorities resolve to proactively manage potential threats to financial system stability.

In a statement issued by the regulator at the weekend, it assured depositors and customers of the defunct SKYE Bank PLC that their deposits are safe and hereby encourages them to continue to transact their normal banking business with POLARIS Bank

Also, an erstwhile customer of the defunct Skye, now Polaris, Wale Adedipe has expressed optimism that the new bank would meet expectations of stakeholders “as it is in good hands”.

Financial Services in Nigeria

NDIC chief has declared as falsehood, the allegation that Polaris Bank was not registered by the Corporate Affairs Commission (CAC)

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NDIC chief has declared as falsehood, the allegation that Polaris Bank was not registered by the Corporate Affairs Commission (CAC)

Mismanaging officers’ of Skye Bank under investigation

The events leading to capital erosion of the defunct Skye Bank Plc, and the roles played by its officers would be unearthed soon, going by assurances from the Nigerian Deposit Insurance Corporation (NDIC).

If the promises are made good, it would be the beginning of an end to the era of walking out freely by top executives of corporates, after superintending avoidable negligence resulting to losses.

The Chief Executive Officer of NDIC, Umar Ibrahim, while addressing the newsmen on the sidelines of the Africa Regional Committee workshop of the International Association of Deposit Insurers, in Lagos, yesterday, said the investigation has already begun.

Already, stakeholders have expressed dismay that some directors, who were part of the management that superintended capital erosion in banks, were usually allowed to remain by the regulators.

He said: “They are being investigated and I can assure you that when the time comes, the relevant security and law enforcement agencies will do their work.”

The Godwin Emefiele-led CBN had on July 2016, during an intervention to save Skye Bank, forced the resignation of the Chairman, all non-executive directors, as well as the Managing Director, Deputy Managing Director, and the two longest-serving executive directors, while appointing their replacements.

But at the take over of the bank by AMCON, Emefiele noted: “Given the good performance of the board and management, the CBN shall retain them.

In addition, all employees of Skye Bank shall be absorbed by Polaris Bank under a new contract, unless any employee decides to opt out.”

Meanwhile, the NDIC chief has declared as falsehood, the allegation that Polaris Bank was not registered by the Corporate Affairs Commission (CAC), a day after Emefiele told Nigerians that the said bank was first registered two weeks ago as a limited liability company, thus reinforcing their objections to the claim.

ENTERTAINMENT

How To make the right impact, you have to invest your energy – Paul Adefarasin

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To make the right impact, you have to invest your energy – Paul Adefarasin

“Make Impact” is a message by Senior Pastor of House on The Rock Church, Pastor Paul Adefarasin in his “Something is about to happen” series.

“Salt is good: but if the salt has lost his saltness, wherewith will ye season it? Have salt in yourselves, and have peace one with another.”

We are salts

The next half of your life must be the best half of your life. It is not worthwhile if you’re investing so much energy, yet not making much impact. In Mark 9;50, Jesus teaches that the body of believers are the salt of the earth and he informs us that a little bit of salt will have such great and powerful effect. The salt is powerful in that it has preservation and powers. It has the ability to change things. In calling us salt, it means that we are keeping something from deteriorating.

We are designed to make an impact

Are you impactful or just energetic? At times, we get tired when we do so much, and we don’t get enough result. It’s about organisation. If we are not organised, we waste our lives. If we’re going to be effective, we have to learn the measuring systems that God has provided for measuring impact otherwise we’ll end up depressed at some stage in life. When you don’t do what you are designed for, it’s called suppression. You’re suppressing who you are. You’re depressing who you are; you are designed to be fruitful, impactful and productive.

Saying “no”

One of the things about the most influential people on earth is the power to say no. When we become committed to everything, it is usually at the expense of our primary purpose and the primary calling upon our lives. We have to learn to feel better and more obedient to God. Stop being a messiah, because everytime you say “yes” to everything and everyone, you are sapping your energy, depleting your strength, defusing your focus and killing your ability to be laser sharp and powerful. Teach people to respect your specialisation.

Invest your energy

You have to learn where you invest your time, energy and how to determine your investment by the impact you desire to make, so you invest based on the endgame which is the impact that you intend to create. We must learn to invest energy into areas where we are most impactful. When you invest energy in the wrong areas, you do so to the detriment of the areas where you could be effective, fruitful, most productive and most impactful. So you need to stop investing your energy in things that don’t do good.  Do what you do well, do what gives you impact that when you do it, it changes people, the atmosphere and the status quo. Impact has everything to do with perspectives. The internet as a technology has given us the opportunity for impact. Don’t waste and misuse it.

Watch the full sermon by Pastor Paul Adefarasin and begin your journey to a better life.

About Pastor Paul Adefarasin:

From his mother’s living room in Lagos, Paul Adefarasin established House On The Rock Church in 1994 with just a few attendees. Proof of his calling is that the living room church has blossomed into a Ministry that has over 50 daughter churches in Africa and Europe. A well-known mentee of Bishop T.D. Jakes, Pastor Paul has been fervent in his message of hope to the world and especially the African continent where he resides. He is also the Founder and President of the Rock Foundation; a charity based Organization committed to social reformation, education, provision of healthcare and relief work for ex-convicts, drug addicts, and the downtrodden and disadvantaged in Nigeria and West Africa.

Pastor Paul Adefarasin’s capacity to teach, speak and preach from a personal and theological platform has strengthened and encouraged people all over the world. The Ministry promotes reconciliation, redemption and reformation cutting across denominational and social divides. He has a burning passion for seeing the rehabilitation of his generation, his nation and his continent.

 

Pastor Paul has been happily married to pastor Ifeanyi since 1995.

BUSINESS

Things To know Before Attempting To Buy a Refrigerator or Freezer

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State The Use (Home or Commercial)

You need to  first of all determine the use of the refrigerator. Will it be used in a home setting or for commercial purpose? If the fridge will be used in a home for example, is it going to serve as the main refrigerator or will it be for private use. The former will often be larger than the later. Clarifying the use of the refrigerator will help you later in determining the capacity, style or model. In addition, if you live alone or a student, you should buy a compact refrigerator (usually single door).

 What Style, Type or Model: A refrigerator usually consists of two types of sections. The freezer section for freezing food and the refrigerator section for keeping food fresh and your drinks chilled. The various refrigerator styles is all about how the two sections are configured. Refrigerators come in different styles, types and models with the traditional top freezer style being the most cost effective and most popular in homes. However, there are also the stylish french door refrigerators and the side-by-side refrigerators.

See the most popular Refrigerator types and styles:

– Compact Refrigerators

This usually offer a single door through which you access the refrigerator and the freezer sections, but two door compact designs are also available. prices ranges from 27,000 Naira to 150,000 Naira.

 If you are single or a student, you may not require to buy a full-sized refrigerator. A compact refrigerator might just be what you need. Capacities of compact refrigerators ranges from as little as 60 litres to up to 200 litres.

-French Door Refrigerators

 

The freezer compartment for a french door refrigerator is located on the bottom and consists of one or two bottom freezer drawers. French door refrigerators are available in similar capacities as side by side refrigerators, but are pricier.

French door refrigerators looks quite similar to side-by-side refrigerators. In fact, a french door refrigerator also has side by side doors, however both doors open the refrigerator sections, while the side by side refrigerator offers a refrigerator on one side and a freezer on the other side.

Prices can range from around 570,000 Naira to over 1 million Naira. French door refrigerators are great for large families and if you stock large amounts of food like monthly.

 -Bottom Freezer Refrigerators

The bottom freezer style is similar to the top freezer model except, that the freezer compartment is in the bottom. Choosing between a bottom and a top freezer depends on preferences. However, bottom freezer designs usually cost more and are not as easily available to the top freezer style.

Price for bottom mount freezer ranges from 110,000 Naira t 450,000 Naira.

 -Top Freezer Refrigerator

Top freezer refrigerators come in vary capacity from as little as 90 litres for the compact models to as high as 700 litres for bigger models. Some may also offer a built-in water dispenser. Prices of a top freezer refrigerators ranges from 47,000 Naira to 450,000 Naira, depending on the storage capacity of the refrigerator.

The Top freezer refrigerator style (a.k.a Top Mount Refrigerator) are the most popular in homes. They are usually smaller than the french door style and side-by-side refrigerators and are also lower in price. These refrigerators have two compartments each having a separate door with the freezer compartment on top.

 -Side by Side Refrigerator

A side-by-side refrigerator like the name implies offers two doors side-by-side. One door opens the freezer while the other opens the refrigerator side for cooling your food and drinks.

Side by side refrigerators are very stylish and fashionable and can add to the decoration in your kitchen. They also come in bigger capacities, usually above 500 litres with prices ranging from 250,000 Naira to 1,200,000 Naira. Some models also offer water and ice dispensers.

Side-by-side refrigerators are great for large family sizes and if you can handle the cost.

 -Bottom Freezer Refrigerators

The bottom freezer style is similar to the top freezer model except, that the freezer compartment is in the bottom. Choosing between a bottom and a top freezer depends on preferences. However, bottom freezer designs usually cost more and are not as easily available to the top freezer style.

Price for bottom mount freezer ranges from 110,000 Naira to 450,000 Naira.

 -Deep Freezer Model

Coincidentally, you may not actually need a refrigerator, but an all freezer design. Freezers are recommended if you sell frozen food or for institutions and very large families that require to stock frozen food than will be supported by a standard refrigerator freezer.

They are available as deep freezers (a.k.a. chest freezers) or upright freezers.

 

 -Coolers / All-Refrigerator Style

 

Specifically, it is also important for you to know that there are compact coolers that you can buy for personal use. These can hold from as little as just one bottle to up to 50 bottles.

Sometimes you do not need a freezer. All you need is a refrigerator to keep your drinks and beverages cold. This is where coolers or all-refrigerator design comes in. This types of refrigerator offers no freezer.

They make sense in offices or in commercial applications like in restaurants and supermarkets. The showcase model with transparent glass doors that allow customers see the stock in the refrigerator are often found in supermarkets and restaurants.

You can probably try a Smart Refrigerator

With your cell-phone you can watch and listen to different programs via internet. the refrigerator is not going to be left behind. Smart refrigerators come with a lot of cool features that adds lots of value to the entire experience.

They come with Wi-Fi and run apps. A smart refrigerator for example, can inform you when you are out of milk or if the milk in your refrigerator is reaching its expiring date. Some models also support voice control.

Some smart refrigerators also offer built-in cameras that will enable you to remotely see what is inside your fridge via a smartphone.

Smart refrigerators are not mainstream yet. In fact, we could not find any models in two of Nigeria’s top online stores.

Power Requirement

You should determine whether existing power sockets (points) can support the capacity of refrigerator that you intend to buy. If not you will need to install a dedicated switch for the fridge.

Also ensure that the refrigerator uses the power supply voltage value that is applicable in your country. In the United States for example the power supply is 110V-115V. In UK, Nigeria and most African countries the power supply voltage is 220V-250V.

However, most fridges sold in your country are likely to come with compatible power supply. This guide is only important if you want to import from another country.

Features To Consider before buying!

  1. Television mounted in front
  2. Retains Cold temperature after several hours of power failure (like Samsung Inverter Refrigerator)
  3. Frost free operation: no build-up of ice (automatic defrost)
  4. CFC free refrigerant
  5. Rust free cabinet
  6. Ice maker
  7. Humidity and temperature control
  8. Bio air cleaning
  9. Wheels: For easy movement during maintenance, cleaning or evacuation
  10. Bacteria elimination (example Samsung Silver Nano)
  11. Turbo cooling

    Benefits Of Buying From A Good Dealer”

    Once you are sure of what you want to buy and you have a good idea on price, you can then visit an authorised dealers shop to make your purchase. You may buy from any of the same shops you did your market survey preferably the one with the best deal.

    However, wherever you buy make sure it is from an authourised dealers shop. An authorised dealer deals directly with the manufacturer and will often offer you a one to three to ten years warranty on the fridge. The warranty often involves repair or outright replacement of the refrigerator if it develops any fault during the tenor of the warranty. The fault must not be as a result of your carelessness. Warranty is often limited, so clarify what the warranty includes and excludes (terms and conditions).

    Refrigerator Brands

    There are lots of fridge manufacturers some with good reputation. Some brands are more popular than others in some countries. In the US and UK there are popular brands like Whirlpool, Amana and Kenmore. These brands are however not so popular in Nigeria.

    In Nigeria, Kenya and some other countries there are lot of brands like Haier Thermocool, Samsung, LG, Polystar, Midea, Hisense, Nexus, Scanfrost, Ocean, Newclime and more are popular.

    Consider The Capacity Of The Refrigerator

    For instance a compact refrigerator of capacity 131 litres to 300 liters will be okay for one person, while two persons can use a 270 litres to 340 litres (9 cu ft to 12 cu ft) refrigerator. A family of four can use a fridge of capacity 390 litres (13 cu ft) or above. Larger families should buy fridges in excess of 480 litres (17 cu ft).

    However common sense is the best guide in choosing the right capacity for your refrigerator. If you already have a refrigerator and simply want to replace it, you are in a better position to determine whether you need a larger or a smaller refrigerator. If your current refrigerator is always crowded then you should go for a much larger size. On the other hand, if it is always empty then a smaller size should do. In all this consider future plans (marriage, children, etc).

    Your lifestyle is also an important consideration, if you eat out; you need a smaller fridge than normal. On the other hand if you cook mostly at home, you need a larger fridge than normal.

    Your stocking pattern is also important. If you buy food on a daily basis or you buy food for storage for a shorter period (say less than a week) then you need a smaller refrigerator. The key is to use common sense.

    The capacity may also restrict the refrigerator style you buy as different styles are limited to certain capacity range.

NOTE:-

Once you are clear about the model or style of refrigerator that you want, you need to determine the capacity you require. A number of factors determine the capacity of the refrigerator that you buy, your life style is one, if you eat out most of the time, your refrigerator capacity will be smaller than a person who usually cooks at home.

Then the size of the family is also a factor. Other factors are your energy budget and the amount you are willing to spend on a refrigerator. A refrigerator will be more expensive as the capacity increases. A large family will need a larger refrigerator capacity than a smaller one.

If you buy a larger capacity of refrigerator than you need, you will waste money supplying energy to an almost empty refrigerator and that is not good for the planet. An overly large fridge will also occupy valuable space.

On the other hand if you buy a refrigerator with a smaller capacity than you need. It will always be overcrowded with your stuffs. An overcrowded refrigerator will struggle to circulate cool air and will require more time and energy at your cost to cool your items.

The most important measure of a refrigerator’s capacity is its size. It is usually measured in cu ft (cubic feet) or Litres. There are some rules for determining the right size for your refrigerator but common sense is the best rule.

Do you require cabinet depth

Cabinet depth refrigerators are slimmer so that they integrate better with cabinets in your kitchen. A cabinet depth refrigerator will align perfectly with your kitchen cabinet and not protrude, making your kitchen look neat.

Cabinet depth is all about taste and style. They may be available as french door refrigerator or side-by-side refrigerator.

Additionally: Hope you find this data helpful, for more enlightenment on how to get the products you may contact us: we are ready to guide you through all the way.

 

BUSINESS

How To Buy A Good Air Conditioner That Better Suit Your Home

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Consider The Room Space:-

Firstly, if you intend to buy a floor standing A/C, you must also determine the space it will be mounted on. Measure the maximum space allowed for the air conditioner; take it along with you to the Electronic shop. Buy floor standing air conditioners that can fit within the measured space.

However, If you are to buy a window mounted air conditioners, measure the dimension of the window. Take along your measurement with you to the electronic shop. Ensure that the dimension of the A/C will fit into your window dimension with little or no civil work.

NOTE:- Before you buy an air conditioner it is right to know the dimension of the space to be conditioned. A measure of the room area can help you determine required air conditioners capacity. The larger the room space the more capacity required from the A/C. You need to take this space information to the electronic shop. 

 The Power Requirement

It is important to ensure that the A/C you intend to buy conform to local electrical standard. One of the most important power ratings is the Voltage supply.

In the US the power supply voltage rating is 110-115V, 60Hz. Any air conditioner for the US must meet these criteria. In the UK, Nigeria and most African country the voltage supply is 220-250V, 50Hz.

Air conditioners require large amount of power so you may need to install a dedicated power switch for it. Buy a socket or switch that can handle the power requirement of the air conditioner.

What  Is The Capacity (BTU HP EER)

The capacity of an air conditioner is a measure of its ability to cool a given space. Some capacity ratings used for air conditioners include Btu (British thermal unit) and Horse Power (hp).

You need to know the right capacity of air conditioner required to adequately cool and condition the measured space. It is very important to buy air conditioners with the right capacity. An air conditioner with a larger capacity than required will meet its targets too soon leading to intermittent on/off switching of the AC with negative wear and tear on the A/C parts

Btu is a measure of the quantity of heat that an A/C can remove from a given space. Scientifically Btu is the quantity of heat required to raise the temperature of one pound of water by one degree Fahrenheit.

The higher the Btu capacity of an air conditioner, the stronger it is. Btu capacity of air conditioners, range from 5000Btu to more than 90,000Btu.
Btu may be popular in countries like the US and UK, but in others like Nigeria it is not usually used to describe air conditioners.

A popular rating used by retailers in Nigeria is the hp (horse power). This is a measure of the strength of an air conditioner and is somewhat related to the Btu. The hp rating of an air conditioning system is all about the power of the motor (compressor) inside the A/C. The more powerful the motor of an air conditioner the greater its capacity to cool a given space.

Obviously, popular air conditioner HP capacities in Nigeria are 1 hp, 1.5 hp and 2 hp.

There are a number of recommendations for determining the air conditioner Btu or hp capacity required.

A small room of about 12 square metres (130 square feet) or less requires about 5,000 Btu/hour or 1 hp.

A medium sized room of about 18 square metres (200 square feet) or less will require about 6,000 Btu/hour or 1.5 hp.

A large room of about 30 square metres (325 square feet) or less will require between 7000 and 8000 Btu/hour or 2 HP.

Another important rating to consider for air conditioners is the EER (energy efficiency ratio). EER is a measure of how efficiently the air conditioner operates. EER is the Btu of heat removed by an A/C per watt of power consumed.

Mathematically,

EER = Btu/Power (in watts)

Technically, an A/C with higher EER will have a lower operating cost compared with an air conditioner with lower EER. However EER comes at a cost. High EER means you will have to spend more money. In other words, high EER air conditioners are more expensive.

You must strike a balance between running cost and purchase cost. If the air conditioner will be on always, buy one with high EER otherwise high EER may not be worth it.

 Specify The Type And Purpose Of Usage:-

There are different types of air conditioners in the market today. You need to determine the type of air conditioner that you need. The type of Air Conditioner can be determined by the use.

There are two main types of Air Conditioners. These are

  • unit air conditioners
  • central cooling system

Unit Air conditioners are self-contained. Once installed, it can operate independently. These are the type of air conditioners you will usually see in homes. Small homes that do not need too many air conditioning points use unit Air conditioners. They are more economical if few air conditioning points are required.

Where To Buy Air Conditioner:- You can get a good and affordable one from the (Financial-quest-store). how to reach us:- connect to us on the chat forum then we will reply you with every support and guide you through the process of getting the best one that’s suitted for your home.

Types Of Unit Conditionals:

The floor standing (or cabinet) air conditioners”

This models are mounted on the floor.

Ceiling mounted air conditioners are also available.

High wall split air conditioners units”

These models are usually cuboids they are more classy than the window models. They can be mounted on a window but are usually mounted higher than conventional window A/Cs

Window mounted air conditioners models”

These air conditioner models are usually cubic in shape, but are increasingly taking more attractive shapes. As their name implies, window air conditioners are mounted on the window.

Consumer Financing:

Now you know the price of your A/C, you need to determine how to finance it. Air conditioner financing may be available to assist you in buying the new product. Enquire from your bank about financing options available to you. In countries like the US and UK product financing is more common than those in Africa like Nigeria. However, today consumer financing is now increasingly available in most of the leading banks in Nigeria.

Product financing is flexible and convenient but comes at the cost of interest. So you may choose to buy with no credit financing.

Important Things To Note:

 

Once you are sure of what you want to buy and you have a good idea on price, you can then visit an authorised dealer shop to make your air conditioner purchase. You may buy from any of the same shops you did your market survey preferably the one with the best deal.

However, wherever you buy make sure it is from an authorised air conditioner dealer shop. Authorised A/C Dealers deal directly with air conditioner manufacturers and will often offer you a one to three years warranty.

The warranty often involves repair or outright replacement of the air conditioner if it develops any fault during the tenor of the warranty. The fault must not be as a result of your carelessness or abuse. The warranty is often limited so clarify what the warranty includes and excludes (terms and conditions). Moreso, authorised air conditioners dealers offer excellent after sales services. They also offer A/C financing.

Clarify The Price:

Once you have a fair idea of the air conditioner you want to buy, you should then find out the price, the Prices of air conditioners increase as capacity and number of features increase. You need to do a market survey to determine the price options available to you.

Call or visit an authorised  air conditioner dealer to determine prices. Note that prices of air conditioner also range in value.

If you are in Nigeria, we can direct you to our authorised A/C dealers call or visit the dealer closest to you. Prices of most popular cooling systems in Nigeria range from N27,000 to 450,000 Naira depending on the actual function you want it to carry out.

 A/C Features To Also Consider:

There are some additional features to consider in air conditioning.

  • Bacteria/germ/odour elimination (clean safe air): example Silver Nano from Samsung, Nano Titanium from Hitachi
  • Adjustable thermostat
  • Variable Fan speed
  • Slide out filter: for easy maintenance and cleaning
  • Digital temperature control
  • Sleep settings

Brands of Air conditioners

There are various A/C Brands in the world and their popularity varies from country to country. In the US and UK there are popular brands like Sharp, Whirlpool, Amana, General Electric and so on. These brands are not so popular in Nigeria.

Some popular Brands Of Air Conditioning with good reputation in Nigeria are Panasonic, Kingsmen, Chigo, Scanfrost, Samsung, LG, Midea, Haier Thermocool, Airflow, Newclime, dizengoff and so on. nonetheless, with this information i think you can be ablke to figure out what you want before purchase exchange.

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PASTOR PAUL ADEFARASIN HOSTS CREFLO DOLLAR AT THE SPIRIT-LIFE CONFERENCE

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The Spirit Life Conference themed: “Great Grace” started on the 5th of September and ended on the 9th. The five days conference had top speakers including Bishop Mike Okonkwo, Pastor Ransom Bello, Pastor Matthew Ashimolowo, Pastor Creflo Dollar and the Convener of the Conference and Senior Pastor of House On The Rock, Paul Adefarasin.

Spirit Life Conference 2018 kicked off with Bishop Mike Okonkwo. He spoke on “Grace The Teacher”. According to him, we operate at our full capacity when we yield to God’s Grace because Grace brings ease in our service to God. He emphatically stated that we have all things already in Christ and we should stop asking for what we have been freely given.

Paul Adefarasin hosts Creflo Dollar, others at the Spirit-Life Conference

Pastor Matthew Ashimolowo, the second speaker, spoke on “Lifted By The Covenant of Grace.” He talked on why Grace is offensive to the devil because the enemy wants you thinking that you are your own source rather than believing and receiving all that Jesus has already done.

Day Two of the conference featured Bishop Ransom Bello as he shared on “Heaven Is A Gift, Not A Reward.”  According to him, it is either Grace or Law; there is no middle ground. He made a case for the proper delineation and appropriation of the Law and Grace which many pulpits have done in error.

The Senior Pastor of House On The Rock, Paul Adefarasin was the second speaker for Day 2. He spoke strongly against mixing both messages (Law and Grace). “The Law is all about works; it makes you a slave. True grace empowers us to lead righteous lives.”

creflo dollars

The Senior Pastor of World Changers Church, New York, USA – Dr Creflo Dollar was the speaker for Day Three, and he shared on “Living Under The Correct Covenant”. He said that each covenant has Benefits – The Blessing, Beneficiary – You and the Benefactor – God. He reminded us that the Law was between God and the Jews – which we were not a party to.

He continued on Day Four by expounding the respective roles of Faith and Grace in our lives. “Grace makes while Faith takes. Faith can only take what Grace has made available!” He further described Grace as not just a teaching but a Person – Jesus!

Paul Adefarasin hosts Creflo Dollar, others at the Spirit-Life Conference

The final day of the conference was the Super Celebration Service on Sunday 9th September 2018. Dr Creflo Dollar continues with “No More Self Righteousness”. He admonished the church to believe correctly and deduce their identity from their belief rather than their behaviour. He summed up his thoughts by stating that the most important thing for a person to do is to get born again and the most crucial thing a born-again person can do is to renew the mind continually.

Throughout the Conference, Music Ministration was led by Vicki Yohe, Sammie Okposo, Glowreeyah Braimoh and Pastor Donnie McClurkin, which was rounded up with a stellar concert immediately following the Super Celebration Service.

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