Tag: MAN

  • Reduce lending rate from 14 per cent, MAN urges CBN

    Reduce lending rate from 14 per cent, MAN urges CBN

    The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent to accelerate productivity and economic growth.

    The President of MAN, Mr Frank Jacobs, made the appeal in an interview with newsmen on Sunday in Lagos.

    TheNewsGuru.com reports that CBN had maintained a 14 per cent lending rate to commercial banks since July 26, 2016 in its bid to check inflation and stimulate economic growth.

    Jacobs urged the apex bank’s Monetary Policy Committee to review the lending rate downward at its next meeting slated for May 22 and 23.

    According to him, the high interest rate regime had stifled growth, productivity and competitiveness of manufacturers.

    He noted that with the appreciation of the naira and further drop in inflation rate, friendlier policies that would stimulate economic growth and boost production should be embraced.

    Jacobs also urged CBN to create five per cent concessionary interest rate for manufacturers to drive the nation’s diversification agenda and increase contribution to the Gross Domestic Product.

    If manufacturers have access to low interest rate as done in other climes, we will be able to employ more people and create wealth for the nation through tax,” he said.

    Jacobs said that with concessionary interest rate, manufacturers would be able to expand their businesses, create wealth, boost productivity and catalyse economic transformation.

     

     

    NAN

     

     

  • Economy recovery only possible if… – MAN

    Economy recovery only possible if… – MAN

    The Manufacturing Association of Nigeria (MAN) has called on Nigerians to patronize made in Nigeria goods to help develop the manufacturing sector, stressing it is the only way to recover the economy.

    Mr Olu Odun, President of the Association told the News Agency of Nigeria at the Media Launch on Made in Nigeria goods in Abuja that there was the need for Nigeria to imbibe the spirit of buying made in Nigeria products.

    “When we buy made in Nigeria, we employ our youths, we also bring money into the country.

    “The economy recovery plan of the government will only be possible if the country’s citizens will buy what is produced in the country thereby keeping her worth” he said.

    The federal government on Thursday launched Media campaign on Made in Nigeria goods.

    The Minister for Industry, Trade and Investment, Okechukwu Enelamah at the launch noted that the whole importance of the campaign was to create the right environment that would encourage SMEs reduce the cost of doing business as well as make local production affordable.

    “This commitment has given born to SMEs clinic which entails taking services to the people”, he said

    He added that government was also working hard to make funds available to SMEs.

    Also, Minister for State Industry, Trade and Investment, Aisha Abubakar stated that this initiative was in line with the fundamental objectives of diversifying the economy from over dependence on oil export.

    She added that the idea would help to increase local industrial capacity and reduced importation of goods and services.

    “This is expected to boost the Nigerian economy by reviving the local industries to produce good quality products of international standards that will be available and affordable.

    We need to motivate our MSMEs and assist them become formidable brands and support those who are successful by utilising their products and celebrating them”. She said.

  • And the man bit the dog – Francis Ewherido

    By Francis Ewerido

    One of the features of news, we were taught in school, is oddity. In illustrating it, the commonest example then was: when a dog bites a man, it is no news, because it happens every day.

    But when a man bites a dog, it is news, because it is rare and unusual. It is no longer news that many older men marry much younger women. The difference in age can range from an innocuous 15 years to an outrageous 60 years.

    Yet, it is still no news. But when news filtered in that the man who could become the next president of France, Emmanuel Macron, is 39 years and his wife, Brigitte Trogneux, is 64 years, the social media went into frenzy. A particular slant of the story was sent to me over 20 times on WhatsApp and other social media platforms. It was a classical case of a man biting a dog, even by the liberal and “civilized” Western standards.

    According to the story Macron started having a crush on his former teacher, Trogneux, when he was 15 years and clearly a minor. By the time he was 17 years and still a minor, he vowed to marry Trogneux. Macron’s father was not amused at all about the relationship and told Trogneux to hands off his son until he was at least 18 years and in a legal position to take such weighty decisions.

    That decision he took in 2007, when he married Trogneux at the age of 29. Trogneux was 54 years then and had divorced her former husband. But the relationship goes way back. Exactly when, the incoming first lady says, “Nobody will ever know at what moment our story became a love story.

    That belongs to us. That is our secret.” But do not rule out the possibility that it started while Macron was still a minor or when Trogneux was still married to the father of her three children, in which case it would be paedophilia, or adultery, or both. When it comes to matters of the heart, anything is possible; emotions take the central stage, while rationality recedes.

    The relationship did ruffle feathers at the initial stages. Both families were ill at ease and took time to accept the inevitable reality. Lover Boy Macron did something gentlemanly though, before going ahead with the marriage; he sought and got the consent of Trogneux’s three grown up children. A part of the larger society were, however, not so welcoming; they made snide remarks and gave them hostile looks in public.

    Since the news broke out, younger generations of Nigerians have also latched on to it for different reasons. They are complaining that their contemporary in France is about to become president, while some of them are still staying with their parents.

    They haul abuses at the older generation for clinging on to political power. I did remind some of them that the minimum constitutional age for a president in Nigeria is 40; just a year above Macron’s 39 years and in a free country like ours, nobody and nothing stops those who are eligible from contesting. Even though I am enamoured by men dating or marrying much older women (as a bachelor I knew I would never marry an older woman), there are a few things to be learnt from Macron’s love story,

    Macron, at 15, had a crush on his teacher and followed it up with a vow at 17 years to marry her and it came to pass 12 years later. Macron is focused, single-minded, tenacious and knows what he wants. Many of today’s youths have no focus. They do not know what they want from life and so life throws whatever it likes at them.

    Macron is also a patient bird. Many of today’s youths have no patience, they want instant wealth, instant fame, instant “success,” whatever success means to them. Visit any betting shop and you have an idea of what I mean. They want to “hammer” overnight without systems and processes. Many older artisans cannot get young apprentices to train. It is too much time for young men to learn tailoring, electrical works, vehicle repairs, etc. They would rather be bus conductors, commercial vehicle drivers and Motor Park touts so that they can make instant money. Delayed gratification is becoming a relic where they are.

    Many young Nigerians do not challenge the political order they claim is keeping them down. They collect N1,000 during elections and vote the wrong people thereby mortgaging their future. They are the thugs and election riggers used to perpetuate the old order. Macron challenged the old order and is on the verge of becoming the next president of France. Whatever misgivings you have about Macron, you have to give to him; the young man knows what he wants.

    Predictably, a section of women are very happy. They said it is not only men who know how to enjoy younger blood, the women also do. As if it is new. We know that many young men in their 20s currently “service” much older women, some of them old enough to be their grandmothers.

    It is just that they have not had the courage, like Macron and Trogneux, to formalize the liaison; while some are into it strictly for the sex (the mamas) and others strictly for the money, connections and probably the free sex ( the young men). We have also seen some young Nigerians marry much older American and European women, but that is for citizenship, unlike Macron whose marriage oozes love all the way.

    Funny enough, some of the women applauding Macron and Trogneux vowed not to allow their sons go into this kind of marriage. In a culture where procreation takes precedence over companionship in marriage, it is not surprising. But it also shows the hypocrisy and selfishness of humankind.

    As long as it is somebody else’s head being used to break coconut, it is okay. These women should just pray that Macron’s kind of love bug does not bite their sons. If it does, they would have to accept reality like Macron’s parents or die of high blood pressure. I hope not, though.

    The only other little matter that troubled me was Trogneux’ husband; what does it feel like to have one small boy steal your wife’s heart first and subsequently take possession of her? It must be a very humiliating and traumatizing experience.

    But then, we have had worse cases here; young men, who stole their fathers’ younger wives and concubines. Sometimes, these matters of the heart look like some prides of lions’ meal time: No rules, no regulations, no orderliness.

  • It is not good for man to be alone (2)- Femi Aribisala

    One of the worst things that can happen to you is to get married to someone seeking fulfilment in marriage. So many people have been brainwashed with the notion that they are incomplete without a husband or a wife. Such people live a life of turmoil when they are single because they are literally dying to get married. Then they live a life of frustration when they are married, because their marriage partner cannot possibly fulfil their expectations.

    However, it is God, and not marriage, that provides fulfilment. The psalmist says: “As the deer pants for streams of water, so my soul pants for you, O God.” (Psalm 42:1). This is not just the predicament of the psalmist, it is the predicament of everyman whether we realise or appreciate it or not. “(God) has put a sense of eternity in people’s minds.” (Ecclesiastes 3:11). “He doesn’t play hide-and-seek with us. He’s not remote; he’s near. We live and move in him, can’t get away from him!” (Acts 17:27-28).

    No man or woman can provide what God provides. God, and God alone, can fulfil all the relational needs in our lives. So if we seek completeness in anyone, or even anything, outside of God, we are bound to be frustrated. If a man or a woman can provide for us what is the sole prerogative of God, then we would no longer need God. However, God has ensured that no man can replace God in the lives of men.

    Falling in love

    Christians fall in love, then get married. But our love for our wives or our husbands does not exclude fighting and abusing them. Our love does not exclude beating them up. We pledge for better, for worse; but when things go south we opt for divorce. The problem is that our love is not true love. The love we know and profess is counterfeit: it is not the love of God.

    God is love. Therefore, we cannot love unless we know the God who is love. We cannot truly love unless we understand and internalise the love of God. But even many of those of us who know the scriptures don’t know the God of the scriptures.

    God must be our first love. It is only from the centre of the love of God that we can negotiate any other love. Before a man can truly love his wife, he has to love God first. Ditto for a wife vis-à-vis her husband. It is from the love that he or she has for God that he or she can then love others. That way, we will love our partners with the genuine love of God and not with the selfish love of men.

    Woman at Jacob’s well

    A Samaritan woman comes to get water from Jacob’s well, only to find a strange Jewish man (Jesus) sitting there. Even though Jews don’t socialise with Samaritans, and Jewish men don’t talk to women outside of their relatives, Jesus asks her for a drink.

    But wait a minute. This is the same well where Abraham’s servant found Rebecca as wife for Isaac. This is the same well where Jacob met his wife Rachel. Therefore, there is surely more to this incident than meets the eye. Close scrutiny indicates Jesus is sending a message here that should not be lost in posterity. Here is Jesus, the bridegroom, sitting by a very special well, waiting to meet his bride.

    When he sees her, he makes a request often replicated in wedding engagement ceremonies: the bride is required to give a drink to her groom. The Samaritan woman is clearly baffled by this strange request for a drink by a Jewish man. “Do I know you? Are you talking to me? What have I to do with you? Can’t you get your own bucket? Can’t you draw your own water? How dare you ask me for water to drink?”

    Jesus then confounds her all the more. He says to her: “Everyone who drinks this water will be thirsty again, but whoever drinks the water I give him will never thirst. Indeed, the water I give him will become in him a spring of water welling up to eternal life.” (John 4:13-14).

    When the woman opts for this strange “living water,” Jesus then turns the tables on her by telling her to go and call her husband. The woman replies that she has no husband. Jesus then discloses to her, even though he has never met her before, that she has actually had five husbands, and that the man she is now living with is not even her husband.

    Who is the true husband of this Samaritan woman? The answer is simple. Jesus is her true husband. This woman has been seeking in husbands what only Jesus can provide. She has been drinking at the well, but the more she drank, the thirstier she became. Her soul thirsted for God, for the living God. But in her lack of understanding, she has been going from well to well, and from husband to husband.

    Only Jesus has the fountain of the water of life. He or she who is married to Jesus, out of his or her belly shall flow rivers of living water. Jesus’ living water perpetually cheers the soul. It does this for better for worse; for richer for poorer; in sickness and in health; in life and in death.
    Who are you

    Find yourself, before you find your marriage partner. Locate yourself in Christ, before you find yourself a husband or a wife. That way, you bring something to the relationship. Don’t come into a relationship with a shopping list of what you hope to get. Come into a relationship with a clear understanding of what you have to give by the grace of God.

    Only Christ can give you your true sense of self-worth. If God can give his only beloved Son for your salvation, then you must be very valuable indeed. Only Christ can meet a Simon and reveal to him that he is actually Peter. Only Christ can meet a despondent Gideon and know that he is a mighty man of valour. Only Christ can meet a Nathaniel and recognise that he is an Israelite indeed.

    Therefore, discover yourself first in Christ. Don’t come hoping to discover yourself in your husband, or in your wife. Are you born again? Have you given your life to Jesus? Has it been revealed to you that Jesus is the Son of God? Then you are Peter. And upon the revelation you have received of who Christ is, and who you are in him, Jesus will build your marriage. On that rock he will build your relationships. On that rock he will build your home. And the gates of hell shall not prevail against it.

    It is not good for man to be alone. Make God your fist love. Love God with all your heart, soul, mind and strength. (Mark 12:30). Don’t get married unless you are first married to Christ. Don’t get married to anyone who is not married to Christ. Don’t be in any relationship that does not have Christ at its centre.

    CONTINUED

  • Man jumps into canal in Festac

    Man jumps into canal in Festac

    An unidentified man on Saturday morning jumped into a canal in the Festac area of Lagos State.

    The incident drew many residents and passers-by to the scene as rescue workers tried to save him from drowning.

    An eyewitness told TheNewsGuru.com that the reason for the man’s action.

    The eyewitness said, “Many local divers tried to save him.’’

    It was not certain if his body was recovered as of the time of filing this report.

    Reacting to the incident, the spokesperson for the police in Lagos, ASP Olarinde Famous-Cole, said the command got a report of the incident.

    He said, “I think it was a case of a man who fell into a canal. We are still trying to get more information on it.’’

    He could not immediately confirm if the man was saved.

  • NSCDC arrests man who allegedly inserts electric heater into anus of his son

    NSCDC arrests man who allegedly inserts electric heater into anus of his son

    The Nigeria Security and Civil Defence Corps, NSCDC has arrested one Shettima Gudumballi, 58, for allegedly inserting electric heater into the anus of his 10-year-old son for being gay.

    The Commandant of the Corps, Ibrahim Abdullahi, stated this in an interview with newsmen in Maiduguri on Saturday.

    Abdullahi said that the suspect committed this inhumane act over allegations that his young son had been engaging in homosexual activities with some politicians.

    He said: “On January 19 one Malam Shettima Gudumballi, 58, of 1000 housing, a director with the Borno State Ministry of Forestry, was arrested by the command for torturing his 100-year-old son Umar Shettima with electric heater.

    “The father suspected that his son was a gay along with four others, who also mentioned 12 other boys involved between the ages of 11 and 14.

    “After examination of the victim by doctors on duty at the State Specialist Hospital, they suggested that the anus might developed bacteria and further complicated,” said Abdullahi.

    The commandant told newsmen that the father is still in the custody of the corps and would be arraigned in the court after investigation for his dastardly act.

  • Manufacturers want forex to boost production

    Manufacturers want forex to boost production

    The Manufacturers Association of Nigeria (MAN), Ogun Chapter, has urged the Federal Government to provide adequate foreign exchange for the real sector, to boost production in 2017.

    According to the MAN chairman, Mr. Wale Adegbite, the real sector is facing numerous challenges such like lack of sufficient dollar, higher interest rate and poor infrastructure that had hindered them from producing at the optimal level.

    Adegbite explained that instability of Naira and dollar was affecting most manufacturers from importing raw materials and machinery into the country.

    ”The ability of the Federal Government to provide adequate foreign exchange for manufacturers in 2017 would help the sector to produce at the optimal level,” he said.

    “This would create job opportunities for the unemployed youths and boost the nation’s Gross Domestic Product (GDP),” he said.

    Adegbite, however, advised the Federal Government to also ensure lower interest rate as well as the provision of infrastructure, especially roads network to enhance the productivity of the real sector in 2017.