Header Ads

Peter Obi to FG: Stop borrowing for consumption — invest in profitable ventures

 Peter Obi, former governor of Anambra, has advised the federal government to invest the funds being borrowed in profitable ventures to enhance the nation’s socioeconomic development.

Obi gave the advice on Thursday while speaking with journalists shortly after his visit to Seyi Makinde, Oyo state governor.


Obi said debt is not bad when rightly applied and used for investment that will improve the economy, but that borrowing for consumption is bad.

The former governor said the economy would have been doing better if funds borrowed had been invested and rightly spent.

He asked the government to use the funds wisely, saying what develops a nation is education, health and things that can pull people out of poverty.

Obi said more people will be thrown into poverty if the government fails to invest in those things that will improve the economy.

On the newly signed Petroleum Industry Act, he said the law is needed “but the government would have considered the five percent being demanded by the host communities”.

“We must learn to care for those who are generating resources for us, whether it is petroleum, VAT or other things.

“We should consider supporting communities or areas where we generate the income we are sharing.”

On the forthcoming Anambra governorship election, the former governor called for the conduct of a free, fair and credible election.

He said the votes of the people should count, asking politicians to stop preparing for elections as if they are going to war.



No comments

Thank you for reaching out to us. We are happy to receive your opinion and request. If you are need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.

We will also try as much as possible to optimize your post for search engines as well.

Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.

2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.

Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.

Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to omodjk(at)gmail(dot)com

Normally, we should respond within 48 hours.