Day: September 12, 2020

Investment migration: Wealthy Nigerians boost $3bn industry with traffic to Caribbean Island

Oladipupo Johnson

The decline in standard of living and an unimpressive return on investment prospect in Nigeria has again been accentuated by a report that wealthy Nigerians have started buying their way into the citizenship of St. Lucia, a small island in the Caribbean. According to the report by Quartz Africa, the office of Citizenship by Investment Program (CIP) of St. Lucia, which had no application from Africa in the last five years of its operation, has suddenly been invaded by Nigerians with the intention of relocating their families to the tiny…

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Benefit management: Evaluating regulators’ path to sanity

Stella Ofiko

To contain the unhealthy competition between pension fund managers and life insurance providers as regards management of retirees’ benefits, the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) recently took the bold step to address issues therein that are propelling friction in that regard.   Long before now, there existed a silent motor park type struggle for passengers between the pension fund managers as represented by Pension Fund Administrators (PFAs) and life insurance providers in the way they prospect clients for pension management. The clamour was all about…

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Group: Importation dampening our morale

Dorothy Ewah

  Nigeria Young Farmers Network (NYFN) has described the Federal Government’s decision to partially import maize and other banned crops as capable of dampening the efforts of mobilizing young people to engage in the agricultural sector in a rapidly dwindling economy.     It said that youth apathy towards agriculture was a major challenge the body is working hard to reverse, adding that anything short of full support to achieve that will be counter productive for the nation.     Director General/ National Coordinator of (NYFN), Promise Amahah, expressed the…

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