The Debt

‘Ask not what your country can do for you, but what you can do for your country’–John F. Kennedy

You owe the community where you live something. It may be a gym, grocery shop, school or daycare centre. It may be a book or a seminar that answers the questions of race, inequality and identity that trouble the young people in the place where you live. You owe them something.

Don’t think a second more about postponing starting that business you’ve always dreamed of; putting off a plan that could put your city on the map of the world’s destinations because you feel unworthy.

You are worthy. You can achieve your dreams. You can build that community project knowing that when you build it, people will come. You owe yourself and the community where you live something, and it’s time to pay up.


How Export Financing and Trading Houses Can Save Nigeria from another FX Crisis

I am so grateful I am exporting tons of goods from Canada

We know that financing exports can be extremely difficult for financial institutions in Nigeria particularly because of the prevalence of commodity price risk and the dearth of knowledge around using appropriate tools to hedge trades. And there are other problems like sub-par produce, poor storage infrastructure and a disjointed export promotion strategy.

Solving these problems, however, could move the needle on the dial towards a much-needed liberation of our national economy that has been tethered to oil since the 70s.

In succinct language,  if we do not look for a way to get our exports up and running, then we had better prepare for a plethora of dire consequences because the fifty-year oil music ended in 2014, even though the country continues to dance, five years on.

What happens if the political economy shifts into more peaceful times or technological advancements disrupt the global demand for oil is a thought left to dystopian imagination. The country will continue to service its debts but there will be too little to fund raw material imports, businesses will close, unemployment will rise and social problems, anticipated and unanticipated, will seize the country’s attention from different fronts.

The cause of the problem would not matter as much as the solution at that time because we would be forced to change.

However, prevention is better than cure and finding a solution could spell better fortunes for Nigeria if we accepted the demise of oil and simply put structures in place to facilitate the production, processing and export of cashew, sesame seeds, cocoa, groundnuts, hibiscus, ginger and the likes through public-private partnerships.

We have always had a way of championing our economy through monetary policy at the detriment of fiscal tools which is why proposing a National Commodity Trading House Act which will provide the legal framework for commodity trading houses to be set as public-private partnerships and financed by banks may just be Nigeria’s way out an impending foreign exchange crisis.

These trading houses will not only address the problems of substandard produce but they would also be able to take advantage of economies of scale through aggregation to bargain better deals locally and internationally, creating the groundwork for a commodity exchange that has been so needed in West Africa. Imagine that groundnuts grown in Auchi, midwestern Nigeria, could easily be pre-finance, aggregated and shipped to Suneor in Senegal based on a forward contract arrangement. Imagine the job prospects such an arrangement could also portend across the agricultural value chain for farmers, warehousing companies, warrant financiers, shipping companies, insurance and the industrial end-users.

Think about it, the possibilities are just endless.

Say It!—A Christian Hack for Living Better

If you are Christian…

Say it aloud. Say that you have been lifted out of poverty because you have. Say that you have been lifted out of debt; out of defeat; out of bondage and disease. Say it!

If you don’t say it, you won’t see it. Say that the Lord is your wisdom and your sanctification and your redemption and your righteousness.

Refuse to observe lying vanities by keeping mute. Refuse to shudder at the petering bank statements and demand letters, that give a contrary narrative of who you are.

Hold fast to your proclamations for you also have to exercise patience after you have done the will of God.

We are Our Thoughts

There is a way to think that is powerful.

The Bible says, ‘As a person thinks, so is he or she’.* Therefore, we are our thoughts.

However, science shows that human beings have an average of 15,000 thoughts per day. Passive thoughts that just come and go. These passive thoughts can become so entrenched that they determine our habits and eventually run our lives. This is not God’s idea.

God’s idea is for us to think actively. To dominate and determine the thoughts we have. To think purposefully. **

In the end, thinking must be active, not passive for us. You must decide how you think. Instead of letting your mind wander from one thought to the other, decide to think rich, think healthy and think like a you have a large inheritance because the Bible says you do.

If you catch yourself thinking passively today, stop and think with intent.

We are our thoughts.

*Proverbs 23:7

**Philippians 4:8

The Three Ways To Preserve Wealth for Coming Generations

The most numbing thing people– who through diligence and hard work create a fortune–have to face is the prospect of losing it all in the same lifetime. It’s not enough to make a lot to money in this world, the more biblical thing to do is to preserve it for the use of generations that will come after you if Christ continues to tarry. 

There is a scripture that qualifies a good person as having left an inheritance to his children and grandchildren. However, it’s no longer sufficient to leave an inheritance in a bank account these days where inflation or currency devaluations may erode them. As the world economy continues to be tethered to collapse, you are better off leaving your wealth outside the global financial system.

So here are three universal ways to preserve your wealth  

  1. Buy Land
  2. Buy Gold
  3. Buy Art

Keep a third of the wealth you want to pass on to your children in land. Keep another third in gold. Then, keep the final third in collectible art. Lastly, take out an insurance policy on these items to protect them from theft or damage.

This way, you can truly preserve wealth like families who have had wealth in their bloodline for generations. One popular family in Italy, the Orsini family have had their wealth passed from one generation to the other for 900 years and this is how they did it.

Think a third, a third and a third while planning your estate and you are unlikely to go wrong.

Confess the Word

Confess yourself out of depression; out of debt; out of deprivation and scarcity. With the Word of God on your lips, you can reframe your entire existence . Trust me, God has been waiting on you to live the good life and this life starts with your confessions of His Word. I see new levels for you over the next 30, 60 and 90 days.

And please, don’t bother that the change isn’t taking immediate effect in some cases, just keep at it. Your confessions are releasing the wisdom and power of God over the matter; the most potent forces in the universe.

Have a beautiful day!