President Jonathan Launches Development Bank Of Nigeria

jonathanPresident Goodluck Jonathan has launched the Development Bank of Nigeria designed to provide loans to support Medium and Small Scale Enterprises in the country.

The Bank is expected to disburse over 200,000 new loans to micro, small and medium enterprises that would create over one million jobs in the first five years of its operation.

The President used the occasion to present “Jonathan’s next four years-my vision for Nigeria that works for all”.

President Jonathan also called on beneficiaries of the YouWin programme to key into the development band to access more funding to expand their businesses.

He described the launch as a defining moment in his efforts to cater for the needs of Nigerians in the area of job creation and funding to run such businesses.

President Jonathan said that he is happy that the bank would revolutionise the small business sector in the country.

The Coordinating Minister for the Economy, Dr Ngozi Okonjo Iweala said “this signals the end of high cost of finance which has been a major deterrent to the growth of Small and Medium Scale Enterprise”.

While her counterpart in the Trade and Investment Ministry, Mr Olusegun Aganga, described the launch as a realization of the President’s dream for the Nigerian people to see a positive change from the administration.

Group Challenges Buhari To Debate With Jonathan

groupA PDP support group, Wind of Hope, has challenged the APC presidential candidate, General Muhammadu Buhari, to a presidential debate at Chatham House, in London.

In an open letter, published online, the group said; “In our quest for deepening democracy which thrives on robust and constructive deliberations, that aid the electorate, Wind of Hope hereby offers you (Buhari) a platform to debate with the incumbent President Goodluck Jonathan, before the forthcoming elections at Chatham House, where you were so obviously at ease before your supporters and the international media”.

It further read; “We wish to state further, our readiness to fully sponsor such a forum. All we ask is that you state your preferred date and time”.

According to the group’s National Coordinator, Onoriode Akpeh, a presidential debate with both candidates, would help deepen democracy.

It would be recalled that the APC presidential candidate, General Muhammadu Buhari, refused calls for a presidential debate in Nigeria, including one organised by Channels Television and other groups.

Last month, the All Progressives Congress (APC) Director of Strategy, Dele Alake, had explained that Buhari would not attend the presidential debate organised by Channels Television, Arise TV and NPAN, noting that the party “could not vouch for the independence of some of the organisers of the debate”.

On the other hand, the Head of Publicity of the Peoples Democratic Party (PDP) Campaign Organisation, Femi Fani-Kayode, had expressed the President’s readiness to participate in any presidential debate, organised by anyone, anywhere in the country.

If the APC candidate accepts the challenge, it could be the final showdown between the two political gladiators in the 2015 Presidential elections, re-scheduled for March 28th.