Why YIEDP will fail

The Youth Innovative Entrepreneurship Development Programme, recently conducted a training program for over 1500 Nigerian youths. A program aimed at preparing them for the world of business management. The promises this program comes with sounds too good to be true, and like we know too good to be true, usually ain't good at all or may be good afterall.
YIEPD is to offer a maximum loan of 3million Nigerian Naira to startup and expanding youth business in Nigeria, on a collateral of certificates, a guarantor and other hidden policies.

We take a look at possible reasons why it could fail and a glance at why it may succeed.

Why we think it will fail.

Inadequate planning :
The three days training, conducted by CBN, Heritage Bank and NYSC takes 6 weeks in a normal proceedings, squeezed into less than 72 hours, I tell you these youths are as green as they came.  And the only thing anyone can boast was related, is just how to write a business plan.
Inadequate planning and training will be one factor to the failure of YIEPD.

Pressure :
Another factor will be the pressure to pay back. The majority of businesses presented were startup, and 97% do not have any experience what so ever on running some of the businesses they presented. By Statistics 70% of startups fail, even when starters are not under pressure as this young CEOs would be when they receive the loan.

Inflation rate in Nigeria:
Businesses are already failing, in Nigeria. Dollar floating, high cost of everything investors packing, impending threats of strike actions. Are these businesses not going to be established in Nigeria? What would have changed? When banks and oil firms are laying off workers, Nigeria are expecting startup businesses to resurrect the economy and reduce unemployment rate.

Why it will be a success.
YIEPD could revolutionalize the Nigerian economy, setup a class of African CEOs that can set Africa going.
There is no place anyone can get a single digit loan, in Nigeria or anywhere else.
Nigeria holds an opportunity untapped and a market of over 180 million people. With this recent inflation, Nigeria and Nigerians will be looking at something new, decent and innovative. This youths have a potential, they are creative, and are ambitious.
In a few years we all we thank CBN for this.

Portugal ports to the final

Ronaldo and Nani brightens the faces of all Portuguese and fans in the world, as they powered Portugal to Euro 2016 finals. They beat Wales two goals to none. Ronaldo opened the scoring in the 50th minute, while Nani a former teammate of Ronaldo doubles it by the 53rd minutes.
Bale can take consolation on the fact that his team could still battle for an Euro medal after France and Germany trashes each other out.

Abia Disarray, the fact.

The current Abia disarray

The Fact:
There were so many lies on his (ikpeazu) tax papers. One of the issues on hand  was that he started paying tax when he was not yet in the employment of the Abia State Government.
Further more, the serial numbers on his tax receipts shows deception. The 2013 serial number recorded the beginning of the tax payment, wherein,  the 2011 receipt showed as if it was the last payment.
The serial numbers were conflicting. The conflict showed that Ikpeazu had not paid his tax as at when due in obedience to the law.
Another problem was the issue of figures. Let us assume he was supposed to earn between N400,000 to N500,000 per annum, and on his tax papers, it was showing above N1million.
He said his tax was being deducted at source.

But the question now  is.
If that was so, why the discrepancies in his  taxable income? Is it not what he was earning, he should be taxed on? One would also wonder why the case was delayed since the law in Section 31 of the 2010 Electoral Act as amended gives a co-aspirant the opportunity to examine the documents of an opponent to validate whether he was qualified to contest for the primary election in the first place, because it is a pre-election matter. And if you find out in his disclosures and declarations that he has given a false or misleading information, the section guarantees you the right to apply to a Federal or State High Court for a redress. You also have the right to ask that that candidate be disqualified because he was not qualified in the first place to run for primaries.
Section 31(6) says if such a candidate was found to have declared false information, he is liable to be disqualified by the court.

The answers.

(1) Ikpeazu's Team and their incompetence:
Just like in the election, the fact upon which Otti has based his appeals for canceling out Ikpeazu's governorship title, in certain zones the number of accredited voters do not tally with the number of voters. The ikpeazu team has always played down on certain important issues, perhaps they have come to believe they are unbeatable.

(2) The battle over which court has jurisdiction to try the case:
Ikpeazu’s legal team came up with the issue that the court has no jurisdiction. So, it has to handled by the Supreme Court.
So, when the Supreme Court ruled that the lower court has jurisdiction to hear the case, the case was then brought to the Federal High Court again and everything started all over again.

Meanwhile Otti on the other hand, has insisted he should be given mandate as the first runner u p by election, while Uche says nothing can stop him. As the men battle for the Abia government house, the house itself is under key.
In aba a saying has been circulating "na ikpeazu, Uchechukwu ga eme " meaning that God's will at last take place. This is in connection with meanings in Uche Ugah's name and Ikpeazu's name.

Messi is sentenced to 21months jail time

Messi is sentenced 21 months in Spanish jail, for invading tax.
Although messi who recently retired from international football, insists he knows nothing about his finances, which his father manages. The court did not find his statement credible enough to acquit him. His father on the other hand insist he himself was not aware of the fraud amounting to over 3million euros.

Good News is neither of them will actually go to jail as they are not sentenced for over 2years. They will both be on probation.

Messi's football career in a glance

Winner of Fifa Ballon d'Or as world's best footballer on five occasions

Voted Uefa best player in Europe three times

Uefa Champions League winner with FC Barcelona on four occasions

Spanish championship winner with FC Barcelona eight times

Olympic gold medallist with Argentina in 2008

Argentina's all-time leading scorer with 55 goals