The Blockchain Tutor

STUDENT LOANS IN DEVELOPING COUNTRIES- THE GAP

In developed nations of the world such as the US & UK, financially challanged citizens are usually granted heaven-on-earth loans to enable them pursue their dreams and interestingly one of the beneficiaries happens to be Barack Obama.
WHAT MAKES THESE LOANS SUPER?
No collateral
You are not hassled to pay up until you graduate
At times, no interest

The condition in developing countries such as Nigeria gets dirty despite lots of financial institutions coming up with student loan programs which i believe are just for attention getting.
These loans are never granted without-
Collateral
Steady source of income
Arangement for monthly servicing etc.
These are no student loans but just the regular business and personal loans we know, dressed up in angelic white by the student tag.

There is a huge gap as seen and the truth remains you cannot force these institutions to grant you loans on your terms.

to become who the are.

REVENUE PLUNGE IN THE MARITIME SECTOR

Statistics from The Nigerian Port Authority(NPA) has indicated a downward trend in the operations of the sector as reflected on the gross tonnage, revenue generated etc.This has been caused by both local factors and inherent limitation brought about by the global economic meltdown.

As reported, the lagos port complex and other major port terminals including those of Tin Can Island, Calabar, Onne, Rivers and Delta, all experienced a downtrend in operational activity.
The Nigerian Customs Service (NCS) recorded a revenue short fall as it only generated N385.7billion which represents a 22.9% short it's expected revenue of N500billion for the Q1 2016 trade period.
The NCS spokesman Wale Adeniyi attributes the year-on-year loss to economic recession saying,"Access to foreign exchange and a drastic fall in the value of the Naira has also affected the services revenue generation"