Peoples Bank vs Islamic Bank

General Ibrahim Badamosi Babangida's regime in its "wisdom" introduced People's Bank in the 80s. But the institution died a natural death without fulfilling its mission of alleviating poverty with emergence of Nigerian Agricultural Cooperative and Rural Development Bank Limited (NARCDB) which came into being following the merger of the defunct Nigerian Agricultural and Cooperative Bank (NACB), People's Bank of Nigeria (PBN), and the risk assets of the Family Economic Advancement Program (FEAP).

Prominent among its objectives is "purveyance of affordable credit facilities to the less priviledged segments of the Nigerian society who cannot readily access the services of other conventional banks.

Abruptly, this organisation is 100% owned by the Federal Government of Nigeria (FGN). Today the same FGN who has failed to achieve the above-mentioned is proposing another model of banking i.e non-interest banking on the premise that the less priviledged will be the main benefactors. The golden questions are:

1. Has the less priviledged ever got anything tangible from the government asides motorcycles and tri-cycles?
2. Can a non-interest banking model work in capitalist-driven and corruption-ridden nation like Nigeria?
3. People Bank vs Islamic Bank: which model do you think will serve Nigerian economy better?

Making High Impacts

Being good is commendable, but only when it is combined with doing good is it useful. To God be the glory, I moved into a new environment where my credentials are neither known nor felt. All because I am new in the pack. Without any reservation, I am doing what I love to do best. Making impacts as usual. But in this case I am anxious to make big impacts within a short period of time. I want to register my name in the success history of Rainoil Limited as fast as possible. It's doable, my inner spirit says. Come to think of it! Am I not too anxious? Huh...I wish to learn and stand on my foot in a wink of eye.

I think I will go with Mahatma Ghandi who said and I quote "my life is my message." Let my past and present deeds speak for me.