Peter Obi, the Labour Party’s presidential candidate for the 2023 election, recently made a provocative statement regarding those who claim to receive financial gains through prayer. During an interview on the Honest, Obi asserted that individuals who suggest they have received credit alerts as a result of praying should be scrutinized for possible theft. In the interview, Obi underscored the value of hard work and productivity, arguing that divine blessings are reserved for those who actively strive and contribute rather than for those who are passive. He remarked, “God can bless hard work; God can bless productivity; God can bless an industry, but God cannot bless someone who is sleeping.” This emphasis on diligence reflects a broader belief in the necessity of effort and commitment in achieving success. He went further to assert that anyone claiming to have received a financial alert through prayer should be considered suspicious. “Anyone who tells you that he got an alert from praying should be arrested. He has stolen someone’s money. Simple!” he declared, highlighting the potential consequences of such claims. The conversation then shifted to the topic of tithing, a practice often discussed within religious and financial contexts. Obi suggested that acts of charity can be seen as forms of tithing, arguing that helping those in need is a vital part of contributing to society. He stated, “If you go to the hospital, it’s tithing. If you help poor people, it’s tithing.” This perspective encourages a more inclusive view of giving that goes beyond traditional monetary donations. Additionally, Obi urged political leaders who are primarily motivated by financial gain to reconsider their roles in governance. He emphasized that true leadership should center on serving the populace rather than seeking personal enrichment. “Being a leader is not a money-making venture. You’re not competing with Dangote. Dangote is a businessman. You should focus on what you were elected for,” he advised, advocating for a return to the core responsibilities of public service. Obi also highlighted the importance of clarity in career choices, stating, “You must choose your lane; if you want to be in government, be in government and serve the people. If you want to be a businessman, go and trade.” This statement underscores the necessity for leaders to remain dedicated to their roles and the communities they serve. READ ALSO: Rights group calls for release of minors charged over Nigeria protests His comments have generated a range of reactions from the Nigerian public, particularly his suggestion to transform church vigils into night shifts to boost productivity. This idea has sparked debates about the intersection of faith, work, and community involvement, challenging traditional views on worship and productivity in Nigerian society. As Obi continues to engage with these critical issues, he remains a figure of considerable interest in the ongoing political discourse. We love to have you back again. Kindly Subscribe to our Newsletter.
With 52% of adult Nigerians holding official bank accounts, the Central Bank of Nigeria (CBN) has seen progress in the financial inclusion rate. Nevertheless, 32% of people are still not able to access the official financial system. During the 2024 World Savings Day Financial Literacy Fair in Abuja, the CBN revealed the country’s financial inclusion landscape’s achievements and obstacles. 52 percent, or 54.2 million adult Nigerians, had bank accounts in 2023, according to Ibrahim Yahaya, Acting Head of the CBN’s Consumer Protection Department. However, an estimated 32 percent, or 33.9 million people, were completely shut out of the financial system. According to Yahaya’s additional analysis of the data, 5% more adults are classified as having “other formal” financial inclusion. financial inclusion category, whilst 11% are part of the financial system unofficially. Yahaya emphasized the importance of fostering a saving culture in all age groups, but especially in young people. “If you look at it from the deposit side, savings have improved significantly over time,” Yahaya said. Even while bank deposits have been rising, there are still some things that can deter people from saving. The belief that income is never sufficient to cover urgent demands is ingrained, which hinders one’s capacity to save money, he said. READ ALSO “This day’s primary goal is to raise awareness of the value of saving money,” Yahaya said. “We want to make sure that young people develop a saving culture so they may grow up with sound financial habits. Motivating By encouraging this behavior in their kids, parents can help prepare for future situations. Making saving a habit, even in modest quantities, is essential to being ready for life’s unforeseen events, according to Yahaya. He went on to say that “life is full of journeys and having savings provides a safety net for any issues that may arise.” In the event of certain situations, having a backup plan is crucial. Also Read: Cardoso: CBN will use relevant instruments to combat inflationThe CBN official also connected saving to more general economic advantages, pointing out that savings increase bank deposits, which support lending to the real sector, which is a major engine of economic expansion. “The banks utilize our money to make loans, particularly to the actual industry, which propels economic expansion,” Yahaya stated. He urged Nigerians, especially the younger generation, to develop the practice of saving money regardless of the state of the economy. He said, “You might never start saving if you wait until you have plenty.” “However, you will reap the rewards later if you make it a habit to put aside money, even in tiny amounts.” Yahaya addressed the difficulties inflation presents for saving, stating that although inflation is especially challenging right now, preserving a saving culture can act as a buffer. There has been inflation, and I am aware that things are harder now. The impact will be lessened, he continued, if saving is ingrained in one’s mindset.
In order to close the gender gap in trade throughout the region, the ECOWAS-Ecobank Empowerment Programme for Women Traders was formally introduced in Abuja. With a pilot program beginning in Nigeria, the initiative, a partnership between ECOWAS and Ecobank, seeks to empower women entrepreneurs by providing them with business training, financial access, and mentorship. This will enable them to take advantage of the African Continental Free Trade Area (AfCFTA) and make a significant contribution to regional economic growth. “When women thrive, communities prosper, and our economy becomes stronger,” said H.E. Massandjé TOURE-LITSE, Commissioner for Economic Affairs and Agriculture, underscoring the transformative potential of empowering women in commerce. Reiterating ECOWAS’s commitment to addressing market and financial access, H.E. TOURE-LITSE spoke on behalf of H.E. Dr. Omar Alieu Touray, President of the ECOWAS Commission. obstacles that female traders must overcome. According to her, the event marked the start of a six-month journey that will provide participants with useful tools to expand their companies and promote international trade. READ ALSO Mr. Tunde Dawodu, Divisional Head for FCT & North at Ecobank, reaffirmed the organization’s commitment to helping female businesses. “We want to provide funding, mentorship, and digital tools to help women succeed in competitive markets through our ELLEVATE Program and Single Market Trade Hub,” he said. Mr. Dawodu emphasized how networking platforms and preferential financing help participants grow their enterprises and improve their access to local markets. Mrs. Nonye Ayeni, Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), highlighted the Council’s efforts to increase capacity in export, packaging, and good agricultural practices. documentation. Ayeni said, “We are dedicated to assisting women traders in creating long-lasting enterprises and breaking into new markets.” This two-day session lays the groundwork for a six-month program in which participants will get ongoing financial assistance, training, and mentoring. The program is in line with ECOWAS’s Vision 2050 plan to advance sustainable development and equitable growth throughout the region. H.E. TOURE-LITSE said, “This launch is just the beginning, and we are committed to ensuring that these women entrepreneurs multiply their impact and unlock greater prosperity through mentorship, coaching, and access to credit.” In order to provide participants with useful tools for effectively navigating cross-border trade, the Nigerian Export Promotion Council, the Nigerian Export-Import Bank (NEXIM), and the Nigeria Customs Service also shared their perspectives on financial facilitation and export procedures.

