Finance & Business

12m Farmers Mobilise for Buhari’s Second Term, Contribute N100 Each

Published

7 years ago

December 19, 2018

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12m farmers contributes N100 to support Bihari’s 2nd term bid

President Muhammadu Buhari’s return bid would receive a hefty financial boost this evening as 12 million farmers that benefited from the Central Bank of Nigeria’s Anchor Borrowers’ Programme plan a grand reception for him at the Presidential Villa, Abuja with a pledge to contribute N100 each to the president’s campaign fund, insisting that the current agricultural revolution taking place at the grassroot across Nigeria must continue.

The pledge would amount to a whooping N1.2billion and would be put together by the farmers under the auspices of Anchor Borrowers Farmers’ Association, whose membership runs across the country, particularly the North-west and the North-east.

Saying one good turn deserves another, one of the leaders of the farmers, who spoke on condition of anonymity, said they were happy with the president for his credit initiatives that had boosted their trade.

“Baba Buhari has been so good to us. So we think contributing N100 each will not be too much a way to appreciate him,” he said.

The Central Bank of Nigeria (CBN) had in line with its developmental function established the Anchor Borrowers’ Programme (ABP) and was launched by the president on November 17, 2015.

The programme is intended to create a linkage between anchor companies, involved in the processing, and small holder farmers (SHFs) of required key agricultural commodities. The programme thrust of the ABP is provision of farm inputs in kind and cash (for farm labour) to small holder farmers to boost production of these commodities, stabilize inputs supply to agro processors and address the country’s negative balance of payments on food. At harvest, the SHF supplies his/her produce to the Agro-processor (Anchor) who pays the cash equivalent to the farmer’s account.

As at August 2018, about N150 billion had been disbursed to farmers under the programme.

The farmers’ gesture would be the second of such by interest groups since Buhari declared his intention for a presidential rerun. The first was in September 2018 when a group, National Consolidation Ambassadors Network (NCAN), put together N45 million to purchase the All Progressives Congress’ presidential expression of interest and nomination forms for him.

The president had complained loudly that the amount was too much for him to raise, having borrowed N25 million in 2015 to purchase the same forms.

The group came to his rescue, generating in the process, however, a huge controversy over the legal implication of the gesture because of the limitation placed on campaign donations by the Electoral Act 2010 as amended.

Meanwhile, the president has rejected the National Assembly’s approval for refund of N488.7 billion to state governments for projects they executed on behalf of the federal government.

The president accused the lawmakers of padding the N487.852 billion promissory note he sent to the legislature for approval.

In a two-page letter dated December 10, 2018, addressed to Senate President, Dr Bukola Saraki, and read at plenary yesterday, Buhari complained that the National Assembly added N890.537million to the N487.852billion promissory note he sent to the senators for approval.

The president, who had explained that the promissory notes were meant for settlement of inherited local debts and contractual obligations on refund to state governments for projects executed on behalf of the federal government, said the federal lawmakers also reduced the number of beneficiary states from 25 to 21 despite the N890.537million added to the N487.852billion request.

According to the president, the changes made by the National Assembly in the request are not implementable due to provisions of the Public Procurement Act 2007.

He, therefore, submitted that though the federal government would not release money to any of the states removed from beneficiary list by the National Assembly but the exact monies approved by the Federal Executive Council (FEC) for the 21 other states would be paid to them regardless of whether such approvals have been tampered with or not by NASS in its own approval via a letter dated July 28, 2018.

The letter titled, “Promissory Note Programme and a Bond Issuance to settle inherited local debts and contractual obligations on refund to State Governments for Projects Executed on behalf of the Federal Government,” read in part. ” While the Federal Executive Council approved a total sum of N487,852,988,574.74 as reimbursement to state governments, the National Assembly approved N488,743,526,204.77 implying that the amount approved by National Assembly was N890,537,630.03 higher than the amount approved by FEC;

“While Federal Executive Council approved reimbursement to 25 States, National Assembly approved reimbursement to only 21 States;

“National Assembly did not approve any reimbursement for four States (Bauchi, Delta, Kogi and Taraba) whereas Federal Executive Council had approved reimbursements for them and note that, the amounts approved by the National Assembly for reimbursement to 21 states are higher than the amounts approved by Federal Executive Council for reimbursement to 25 states.

“The amount approved by National Assembly for reimbursement to each of the 21 States is higher than the amount approved by FEC for each of these States except for Adamawa, Jigawa, Kano and Niger.

“The Senate may kindly note the provisions of the Public Procurement Act, 2007, which empowers the Bureau of Public Procurement (BPP) to approve vendors and contract sums. The amounts presented to National Assembly for approval were duly certified for reimbursement by the BPP, before they were approved by the Federal Executive Council. This was after the projects had been inspected through a programme under the chairmanship of the honourable Minister, Federal Ministry of Power, Works and Housing.

“Since the BPP is charged with the responsibility of approving contract sums, and there is a need for compliance with the Public Procurement Act, 2007, I wish to request that you forward to us details relating to the amounts approved by National Assembly for the 17 States in excess of what was certified by BPP for necessary certification and approval. Furthermore, I wish to request for review of the reimbursements earlier submitted in favour of Bauchi, Delta, Kogi and Taraba States.

“Meanwhile the federal government shall proceed with implementation on the basis of where the amount approved by the National Assembly is the same as the amount approved by the Federal Executive Council: The jointly approved amount would be reimbursed. The States are: Adamawa, Jigawa, Kano and Niger;

“Where the amount approved by the National Assembly is higher than the amount approved by Federal Executive Council: The amount approved by FEC would be reimbursed. The States are: Akwa lbom, Anambra, Benue, Ebonyi, Edo, Ekiti, Enugu, Gombe, lmo, Kwara, Lagos, Ondo, Ogun, Osun, Oyo, Plateau and Zamfara.

“Finally where no amount was approved by National Assembly, no reimbursement will be made: The affected States are: Bauchi, Delta, Kogi and Taraba”.

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Christian Wealth Principles

6 Biblical Money Foundations That Unlock Financial Freedom – What the Bible Really Says About Wealth

You will learn about Godly wealth principles and Christian money tips. It covers managing money, financial freedom and you will also explore Biblical investing, and blessings.

Published

2 days ago

June 16, 2025

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Introduction

Is money evil? Should Christians be rich? What does the Bible really say about wealth?
Many believers struggle with finances due to mixed messages. But Scripture provides clear wisdom about money management. In this post, discover 6 Biblical money foundations that help you enjoy wealth without guilt and handle finances God’s way. This will help you in Faith and finances. You will learn about Godly wealth principles and Christian money tips. It covers managing money God’s way as well as spiritual and financial freedom. You will also explore Biblical investing, tithing, and blessings.

Watch the full video breakdown on our Faith & Fortune Finance YouTube channel [embedded below].

___________________

1. God Owns Everything—We Are Just Stewards

Psalm 24:1 – “The earth is the Lord’s, and everything in it.”

God owns it all—your money, house, gifts, even your ideas.
You’re not the owner. You’re the steward.

Action Steps:

Shift from ownership to stewardship
Ask God how to manage what He’s entrusted to you
Use wealth to glorify God, not just yourself

Quote:

“When we see money as God’s, we handle it differently—with purpose, peace, and power.”

2. Diligence and Hard Work Bring Prosperity

Proverbs 10:4 – “Lazy hands make for poverty, but diligent hands bring wealth.”

Financial laziness is mental, physical, and spiritual.
Avoid laziness in planning, learning, and building wealth.

Example: Oprah Winfrey built a global empire through diligence—not luck.
Biblical Application: Psalms 1:3 – “Whatever he does prospers.”

Faith + Action = Prosperity

Action Steps:

Show up early. Learn. Network. Execute.
Serve God in your work, not just in church.
Work is worship when done with purpose.

3. Avoid Debt and Live Within Your Means

Proverbs 22:7 – “The borrower is slave to the lender.”

Debt leads to anxiety, stress, and missed opportunities.
God’s people are called to financial freedom.

Real-World Example:
Chris Hogan teaches the power of debt-free living in Everyday Millionaires. These everyday millionaires became wealthy by saving. They also budget carefully and avoid debt.

Action Steps:

Budget with a plan, not emotion
Buy only what you can afford
Practice the “banana principle”: Don’t chase what’s ripe today but rotten tomorrow.

4. Tithing and Generosity Invite God’s Blessing

Malachi 3:10 – “Bring the whole tithe… see if I will not throw open the floodgates of heaven.”

Generosity invites God into your finances.

Real-World Example:
Bill Gates’ philanthropy helped eradicate diseases and feed nations. He gave to bless, and the blessing multiplied.

Action Steps:

Tithe as an act of faith
Give beyond money—give time, wisdom, love
Be a blessing to others

5. Invest and Multiply What God Gives You

Matthew 25:14–30 – Parable of the Talents

God expects you to grow what He gives you. Don’t bury your potential.

Real-World Examples:

Warren Buffet invests long-term with wisdom and restraint
Ray Dalio succeeds through planning, research, and principles

Action Steps:

Start small—just start
Learn to invest: stocks, skills, businesses
Multiply resources for Kingdom impact

6. Practice Contentment—Avoid the Love of Money

1 Timothy 6:10 – “The love of money is the root of all evil.”

Wealth is a tool, not a goal.

Real-World Example:
Dave Ramsey lives and teaches contentment after rebounding from financial failure. He preaches peace over pressure.

Action Steps:

Be content with what you have
Avoid comparison and consumerism
Focus on eternal rewards over earthly riches

🎯 How to Apply These Biblical Money Foundations Today

✅ Recognize that God owns everything
✅ Be diligent and hardworking
✅ Avoid debt and impulse purchases
✅ Tithe and give generously
✅ Invest wisely
✅ Practice contentment daily

Watch Full Teaching on YouTube

👇Watch this full video breakdown with real-life case studies and extra teaching only on Faith & Fortune Finance:

Conclusion

God’s financial principles aren’t just spiritual—they’re practical. Apply them and you’ll see peace, purpose, and prosperity flow into every area of your life.

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Finance & Business

As Nigerians Battle Pains Of Soaring Petrol Price

This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy.

Published

8 months ago

October 16, 2024

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BY IFEANYI MOGBOLU

The Daily Times-The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it.

It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of living is already sky-high, and now, with fuel prices rising again, transport fares, food prices, and basic commodities are bound to follow suit.

It’s enraging because it doesn’t feel like anyone is truly considering the everyday citizen who is struggling just to survive.

This is more than just about fuel; it’s about the larger picture of governance failure. The fact that a country as oil-rich as Nigeria can’t provide affordable fuel for its people is a tragedy. The subsidies are gone, and now we’re left in a situation where the prices of everything keep climbing, while salaries remain stagnant or non-existent for many.

The disparity between the elites and the masses is growing, and it feels like nobody in power truly cares about the suffering of the people.

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The anger isn’t just about fuel; it’s about the entire state of living. Nigerians are exhausted. There’s no sense of security; power supply is erratic, basic infrastructure is crumbling, and inflation is at an all-time high. How do we live like this? Every day is a battle to make ends meet, and the government seems utterly disconnected from the struggles on the ground.

It’s infuriating that while politicians and elites live in luxury, the rest of us are left scrambling for the bare minimum. The state of living is unbearable, and the lack of empathy or real action from those in power only adds salt to the wound.

There’s a deep sense of anger and betrayal that comes with seeing your country’s wealth mismanaged, while the people continue to suffer. It’s hard not to feel like we are constantly being taken for granted, pushed further into hardship without any hope of relief. Something has to give, because this state of affairs is unsustainable.

QUOTE:

Post Views: 325

Finance & Business

Nigeria To Receive $5.600,000 From Bill Gates, For Health And Agricultural Reforms, GMOs

Alongside the activities surrounding the 79th United Nations General Assembly in New York, Vice President Kashim Shettima held a meeting with the Bill and Melinda Gates Foundation leading to the announcement of the donation by the Foundation’s head of Global Development.

Published

9 months ago

September 27, 2024

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Bill Gates, GMOs, KASHIM Shettima

Bill and Melinda Gates Foundation is giving Nigeria through Vice President Kashim Shettima, a $5.600,000 funds to speedy up health and agricultural reforms in favour of the GMOs in Nigeria, and flood relief.

Through the Foundation’s head of Global Development Programme, Dr Christopher Elias, Bill Gates pledged $5 million grant approved for Lagos Business School and partners to develop the agricultural economics they called “industrial cassava” and $600,000 for flood relief in Borno State and other health sector initiatives.

Recall that on 4 September, Bill Gates had described the Nigeria’s economy as “stagnated” and proposed agricultural reforms for faster and increased growths in crops, fruits, vegetables amongst others to enhance nutritional values of the Nigerian citizens through the agricultural sector.

In that meeting Chaired by Vice President Kashim Shettima, Bill gates urged Nigeria to adopt “innovative crop varieties with shorter growing periods, higher yields, and better pest resistance” pointing to the GMOs to address the food crisis.

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Moreover, at the 79th UN General Assembly in New York, VP Shettima reaffirmed to the Bill and Melinda Gates Foundation, the commitment of the administration of President Bola Ahmed Tinubu prioritizing health, nutrition, and agricultural development in Nigeria’s national agenda.

In a statement by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said: “we are deeply committed to addressing the pressing developmental challenges facing our nation, particularly the significant malnutrition crisis”.

He emphasised the Federal Government’s dedication and urgently working to secure locations for maize production under the Telemaze programme.

VP Shettima, promising swift action to the Gate’s Foundation on import permits for certified seeds, the VP said, “We recognize the critical importance of food security and industrial agricultural development. The Cassava Accelerator programme, in particular, holds immense potential for our economy.

“We are pursuing a whole-of-government approach to digitisation and data exchange systems, which we believe will revolutionise our public services,” he added while reiterating the government’s focus and commitment to digital transformation.

“With the expertise” of Nigeria’s ministers, “and the continued support of partners like the Gates Foundation,” the nation remains confident in its “ability to drive meaningful change and improve the lives of all Nigerians.”

In his response, President of the Global Development Programme at the Gates Foundation, Dr. Christopher Elias, said the Foundation is burdened with worries of the severe flooding in Borno, and is “committed to supporting Nigeria in times of crisis.”

Speaking of Polio, the Foundation said, “We’re impressed by the national task force’s efforts to eliminate variant polioviruses by year-end,” Dr. Elias noted.

Also, President of Global Growth & Opportunity Division at the Bill & Melinda Gates Foundation, Rodger Voorhies, detailed plans for scaling up drought-tolerant maize production and advancing the Nigeria Cassava Investment Accelerator programme emphasizing that a $5 million grant has been approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava.

In his words, “Industrial cassava presents a multi-billion-dollar opportunity for Nigeria,” Voorhees stressed.

He requested import permits for 5,000 metric tons of certified GMO maize seed to build a foundation seed system in Nigeria.

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