SOCIAL DEMOCRATIC MEGA PARTY CONGRATULATES OUR PRESIDENTIAL CANDIDATE ,H.E. PROF. PAT UTOMI ON THE HONOUR OF DOCTORATE IN BUSINESS ADMINISTRATION[DBA] CONFERRED ON HIM BY THE UNIVERSITY OF NIGERIA NSUKKA

SDMP PRESIDENTIAL CANDIDATE  HIS EXCELLENCY PROF. PAT UTOMI
SOCIAL DEMOCRATIC MEGA PARTY CONGRATULATES OUR PRESIDENTIAL CANDIDATE ,H.E. PROF. PAT UTOMI ON THE HONOUR OF DOCTORATE IN BUSINESS ADMINISTRATION[DBA] CONFERRED ON HIM BY THE UNIVERSITY OF NIGERIA NSUKKA 
On behalf on all members of of Edo SDMP  and on behalf of the entire members of SDMP in Nigeria And abroad , we congratulate our Presidential candidate His Excellency Plenipotentiary Extraordinary Prof Pat Utomi on the conferment of Doctorate in Business Administration [DBA] by the University of Nigeria Nsukka on the 28th of January 2012. It is an honour well deserved by the immense contribution of our Presidential candidate to the better evolution of Nigerian Nation state and the human family in generality.
We are very proud of you Prof. You have made us proud at  SDMP , as the most progressive party in Nigeria and Africa that has the solutions to the Nigeria problems and the only truly national progressive party of Africa. Congratulations Prof. Keep the flag flying.

Sign: Prince Frank Onaivi Ukonga: 
SDMP GOVERNORSHIP CANDIDATE EDO 2012 POLLS 
VOTE SDMP IN ALL ELECTIONS IN NIGERIA. VOTE FRANK UKONGA 4 GOVERNOR EDO STATE IN JULY 14 2012 POLLS. VOTE 4 FREE EDUCATION, FREE HEALTH, JOBS 4 ALL & MORE....

SDMP CONDEMN KANO MULTIPLE BOMB EXPLOSION- H.E.PROF. PAT UTOMI REMARKS, PRINCE FRANK ONAIVI UKONGA SPITS FIRE

Channels TV, Enenche Akogwu, was shot dead today by Islamic militants
SDMP CONDEMN KANO MULTIPLE BOMB EXPLOSION- H.E.PROF. PAT UTOMI REMARKS, PRINCE FRANK ONAIVI UKONGA SPITS FIRE
The Presidential candidate of Social Democratic Mega Party in the 2011 Arpril polls H.E. Prof. Pat Utomi offered the following observations while condemning the dastrerdious acts of those behind bombing and violence in Nigeria:
"I am disturbed to see the spread of coordinated violent attacks by elements suspected to be Boko Haram beyond their traditional theatre of operation, I would like to urge well meaning people to condemn this and all security agencies to do everything possible to contain this and prevent spread. Let me remind again that our humanity is rubbished every time one innocent person is hurt. The very esse...nce of our nation hood must be the raising of the dignity of the human person. And finally let me remind us of this important verse from our original national anthem "we hand to our children a banner without stain". The basis of security is the community. Everywhere in the world, law enforcement is ineffective if citizens don't cooperate with law enforcement agents because the information on anti social elements is in the domain of members of the community, we now challenge all community leaders in places where these attacks have occurred to redeem themselves by acting in a manner that will lead to a containment of this crisis. They must remember that history will hold everybody accountable. Perhaps the time is ripe for state police. PU"
Prince Frank Onaivi ukonga the governorship candidate of SDMP in the Edo 2012 polls also condemn the attack on Innocent victims and reiterated that terrorism is evil and advised the Nigerian President and all law enforcement agent not to give up the fight. we must war against terrorism and all those who want to rule and control all of us by using the fear , terror and killing as the weapon to cow the sovereignty to do their bidding...

HOW TO MOBILIZE DEVELOPMENTAL FINANCE FOR DEVELOPING NATION STATES

CBN LOGO, MALAM SANUSI LAMIDO-CBN GOVERNOR
MOBILIZATION OF DEVELOPMENTAL CAPITAL FOR DEVELOPING NATION STATES.  FUEL /ECONOMIC SUBSIDY ISSUES / SURE VS VISION 20:2020 -HOW TO MOBILIZE 3 TRILLION DOLLARS- A CRITICAL APPRAISAL.
THE ROLE OF CENTRAL BANKS IN A DEVELOPING ECONOMY:
The necessity reason de entre of Central Banking concepts is to be the bankers of last resort, managers of Nations money and sovereign wealth, as a clearing house etc but then as preached by Dr Ahmed Abdallah- A former Executive Director of World Bank he theorized that the duties of the Central Banks will inadvertently shift to encompass mobilization of development capital for emerging , ambitions young nations states in the 21st century through the dynamic inventions of various types of marketable financial products addressed to mobilize  rural, urban and international capital for developmental purposes. And in the context of the above postulation most Central Banks of developing Nations including that of the Nigeria Federation fall short of the necessary dexterity in developmental capital mobilization due mainly to the Keynesian financial planning models that are based on fiscal driven economic models rather than the more pragmatic market driven models.- due mainly to the monoculture export regime that is anchored on exporting primordial  raw materials / minerals for the more developed economies of Europe and America.
It is a well known fact that most parts of the developing world including Nigeria are under Banked as the rural dwellers which controls the bulk of the money in circulation are not assimilated into the organized banking sectors of these countries.
Research has it that about 70% of the money in circulation in countries of sub Saharan Africa never goes through the banks and the organized banking systems has only about 25 % share of the money markets of these countries. So for accelerated developmental capital mobilization of young Nation states, it is imperative to look inward and develop viable, marketable and attractive financial products that will seduce the rural dwellers to participate in the banking systems of developing Nations. A crucial point of Note is the need to create rural branches of commercial banks and to extend banking services to the rural dwellers and inner city ghettos and slums where a sizable percentage of capital, of controlling magnitude circulates.
Whence Chief Executive of Central Banks in developing Nations, should not be armchair Bankers but dynamic, visionary and inventive experts that can put up functional plans and a team of qualified personnel, to mobilize the rural, urban as well as external developmental capital needed for accelerated economic and industrial growth of the polity.
In this context the question is what types of financial products will attract rural and inner city dwellers to participate in the organized Banking system and how do you reach out to them.? This question has always been the problem of mobilizing developmental capital from that segment of the society.
Prince Frank Onaivi Ukonga in his book published in 1992, the seething World- a Functional Approach- invented a system of reaching out to the rural and inner city ghettos to mobilizing developmental capital for developing Nations of the world including the Nigerian Nation state.
MICRO FINANCE BANKING:
One of that set of methodology of reaching out to the rural dwellers postulated by Prince Frank Onaivi Ukonga in 1992, Micro Finance Banking, was later implemented by a former executive of Planet Finance- Prof. Mohammed Yunus by implementing the concept of Micro – Finance Bank in Bangladesh in his Greemar Bank which was successful in the mobilization and development of the reluctant backward rural dwellers of that polity to enviable status of today.
THE FIRST AFRICAN/ NIGERIAN MICRO FINANCE [ MICRO CREDIT] BANK:
The First Micro Finance Bank in Nigeria/Africa was registered by Prince Frank Onaivi Ukonga as African Trust Savings and Credit Limited [Micro- Credit Bank] in April 2003.This was when Chief Joseph Sanusi was Governor of the Central Bank of Nigeria. Later Prof. Charles Soludo became the Governor of CBN and gave this concept a wider interpretation in his Micro Finance Bank scheme addressed to fix up the displaced personnel of his Banking consolidation and also to mobilize rural and urban inner city dwellers for rapid economic development of the Nigeria state.
A decade after I postulated the theories of how to mobilize developmental capital I set out to implement the thesis for Africa and the Nigerian Nation state in 2002.
 I wrote the business plan of a Micro Finance Bank [Micro Credit Bank] and took it to the CBN for approval. At the CBN Alhaji GIWA, Director of Banking Supervision loved the idea and many of the other directors he introduced me to at the Lagos – Marina office of the CBN. They decided to give me a note to the Director of Banking licensing Mr. Oni whose office was in Abuja. I traveled to Abuja to meet Mr. Oni and he was very good to me but then he told me that there was no enabling act for him to license me and offered me other options of promoting one of the distressed banks being offered for sale.
I thanked him for his offer and left back to Lagos. In Lagos I decided to go to the Security and Exchange Commission who I reasoned should have a small window into the money market. When I got to there office they said they were not sure if they had an opening window into the money market, but allowed me into their library to have access to the enabling act of the SEC. And there I discovered that indeed they had a small but narrow window into the money market and we discussed it with their business/ legal experts and they said it was possible. So we both jointly decided on the name to be Savings and Credit [Micro -Credit scheme] since we cannot use the word Bank in our nomenclature as it will conflicts with the CBN. After arriving at the name with Mrs. Rufai and other officers of the SEC as;- African Trust Savings and Credit Limited  [ As my vision was to spread  branches all over Africa and perhaps to Europe, America and other Developing Nations]- they told me to go to Abuja for the final approval for subsequent registration with the CAC.
 I came to Abuja to meet the Directors of SEC and the DG then was Dr. Ndanusa. My case was handled by Ms Uneogu also a Director with the SEC and they approved it as a great idea and offered me participation in the capital market through the Unit Trust Schemes to be called- African Trust Power Fund- Subsequently they gave me a letter to the C.A.C that had earlier rejected registering me for failure to meeting the requirements of a Banking status on the criteria of the CBN. They had to concur as the SEC lawyers gave a sound argument about; their window into the money market and that mine was a pilot program.
At last it was registered in 2003. And I came back to Lagos to set up the office at Ashade Market and a small branch at Oshodi Market. Soon Governor Raji Fashola came on board as the Governor of Lagos State and he demolished the OSHODI Market where the bulk of our customers were trading. This brought a big set back to us at the head office in Ikeja Ashade Market…but later the Ashade Market extension where we had the head office was also demolished despite all our plea to the Governor.
So the credit of the institution that first Africanize the Micro Finance Concept of Prof. Mohammed Yunus should go to Dr Ndanusa and Ms Uneogu of the SEC.[ Security & Exchange Commission of the Capital Market.]
Later in 2004 when Prof Soludo became the CBN Governor it was a big coincidence that Mr. Oni became the first Director of the Micro- Finance Banking and other financial matters Department of the CBN.
THE PROBLEMS AND PROSPECTS OF MICRO FINANCE BANKS IN NIGERIA
The causality of Prof. Soludo’s micro Finance Banks in Nigeria was a palliative measure to solve the question of voluntary and involuntary redundancy in the Banking sector which his consolidation exercise created and it was a great measure to get the boys busy by giving them something to do but later it became a viable instrument that contributed its quota in accelerated developmental capital mobilization for economic and industrial growth of the Federation which saw an upsurge in the overall GDP of Nigeria but then the problems associated with the insolvency and distress of most Micro Finance Banks in Nigeria are the followings;
A ] ARMCHAIR BANKING ETHICS:: Most of the executives of the Micro Finance Banks are oblivious of the modus operandi of the concepts and jumped into it with the same attitude of arm chair banking ethics which later became an albatross.
B] THE ENABLING ACT: The articles of the enabling act that brought the Micro Finance Banks into being was some what dysfunctional as it only made a smaller unit of the universal Banking formula excluding the Micro Finance Banks from the clearing houses of the CBN and from direct Foreign Exchange transactions. Thereby the Micro Finance Banks began to see themselves as small Banks and began to compete with the big consolidated banks in all aspects of the 30% share of organized money market in Nigeria instead of them to invent marketable products to attract the 70 % money that does not go through the organized banking sector.
C] DEVIATION FROM THE ETHICS OF MICRO FINANCE BANKING:: Generally for the survival of Micro Finance Banks there is the ethics of being supported by a donor organization that wants to support the poor. It is the funds from these donor organization and persons of goodwill that are used to run the loan and credits aspects of the bank and not the depositor’s fund. But in the case of Nigeria they started using the depositor’s funds to trade and give out credit facilities in a reluctant, resilient economy. Which subsequently led to defaults and distress?
D] COST OF OVERHEADS: The newly established Micro Finance Banks lack adequate know-how of the concept of Micro Finance Banking in the aspects of the international standard practice as the Banking of benches and tables, bicycles, motorcycle and tricycles.. But rather they went straight to buy luxury Toyota Camry cars, Mercedes Benz and even Jeeps as well as well furnished offices with air-conditioners, messengers etc and this lead to its failure.
E] SALARIES AND PURCHASE INVENTRIES: Soon some of the Micro Finance Banks began to compete in salaries with the established consolidated Banks in salary offers to staff and the general overhead cost of running the Banks shot up to above 10 % allowed in the international best practice. And this led to distress.
F] OUTRAGIOUS OFFERS FOR PLACEMENTS: Many Micro Finance Banks began to compete with big banks in order to attract patronage to offer big interest rate to fund speculators while some of these offers were outrageous and meeting the task became a problem and distress sets in.
G] INTERNAL FRAUDS & DIRECTOR RELATED BORROWINGS:
The problems of internal fraud and director related borrowing leading to lots of the evaporation of the depositors funds was another albatross.
H] INEXPERIENCED PERSONEL DEPARTMENTS: The personnel departments were not properly trained in the ethics and practice of Micro Finance banking concepts before being employed. There was the need to establish the kind of formula being pioneered by H.E. Barrister Jimoh Ibrahim to lecture all the staff of a company at regular interval on the mission, vision and modus operandi in what is generally described in management sciences as Cooperative Education. And the lack of this led to lackadaisical attitudes in the behavior of the personnel dept which begin to tell on the overall productivity of the Micro Finance Banking concept.
SUMMARY OF HOW TO MOBILIZE DEVELOPMENTAL CAPITAL
Prince Frank Onaivi Ukonga in his book –The seething world – Reparations for the Black Race – A functional approach published in 1992 wrote extensively about the concept of Banking consolidation, mergers, cartelization, sovereign wealth funds, African monetary Fund, Regional Banking , FDI, Vision[2000] now Vision 2020 , sovereign Bonds, Banking Hob, internationalization of assets and liabilities , African Drawing Rights [ ADR] Micro – Finance Banks, debt trap and how to get out of the debt burden, debt equity swap, debt cartelization through the issuance of debt coupon vouchers redeemable at a later date with incentives of portable interests, Improving Savings / GDP ratio via the inventions of marketable savings products and instruments, Accelerated Internal Revenue Generation by effective Tax regime, customs and Exites, immigrations, maritime, VAT, Seaports, Airports, accelerated and effective privatizations, aggressive export drive of cash crops and minerals, training of an educated experts cadre who know what they are doing to give the scheme homogeneity and effective coordination of stratagems addressed to achieve the desired goal…  etc  as methods by which young Nation states can use to mobilize and consolidate developmental capital for rapid social, economic and industrial development and growth.
PRINCE FRANK ONAIVI UKONGA EQUALY YOKED AMONG THE SAGES AS A SYMBOL OF IMORTALITY….
In 2001 the same book the seething world- reparations for the black Race – A functional approach made the Librarian/ Deans List Award of the prestigious Ivy League North Western University in Evanston Illinois, United States. Only two others books from Africa made the Deans List of North Western University-The Books of our great erudite sages Prof. Wole Shoyinka and Prof Ade Ajayi .
Northwestern University Library is the Largest Library in the world accessing million and millions of books daily. To make the Dean’s list of such a high ranking institution of the world, is like a Carmel going through a needles eye……
 I will be for ever indebted to the University of Northwestern, one of the most prestigious IVY league university in the entirety of the Human Race for equally yoking me Prince frank Onaivi Ukonga among the Nobel laureates and best of best of sages there be and that could be among Homo sapiens of subsequent creation….and with absolute humility and gratitude, I thank the university of Northwestern and the United states of America, for immortalizing me for ever..
 The book has gone through many citations of the most prestigious intellectual circles of the world including the Amazon books, Google Books, University of Indiana, Prestigious Library of Congress of the American State, etc
Open Library of the United States put the book in the same class with the works of the greatest sages of the human Race… yoking me equally among greatest idols as President Kwame Nkrumah of Ghana, President Secou Toure of Guinea, and President Leopold Senghor of Senegal etc. I and mine and all my ancestors [Pakalinia-Russian] shall be for ever grateful to you till the end of time….as you have immortalized me till the end of time as well…
The Wikipedia citation puts the book in the Deway Class of most valuable books in the world recently, the National Library of Singapore has done its citation, the school of Research and development of National University of Australia has classified the book also as most valuable and in almost all continents of the world and all countries of the world the book is being celebrated. We printed less than 400 copies of the book in Nigeria and gave them to only a select few people for a very important purpose.
How the civilized world got copies of the book and began to celebrate the book from country to country, university to university, is still the greatest mystery to Prince Frank Onaivi Ukonga the amiable Prince of Kukuruku provinces and principalities.
 I recommend the book to policy makers, students and researchers of Nation states as a guide to formulating policies for accelerated social, economic and industrial progress of their polity.
But unfortunately you have to get a permit from an Attorney at law in most cases before you can be allowed access to the book by those prestigious libraries and universities that have copies of the book as most valuable asset category… or you can simply go to Google books, Amazon books, or Abe books etc on the internet, that has done the e-version of the book.. Maybe they may allow you to have an e-copy.
But remember I did not ask any institution to do an e- version of the book nor print it. They are doing it on their own and when I asked a few of them they said the book is so valuable that must not be allowed to go uncelebrated by the Human Race.
Any way I thank them all for discovery me and did not allow my existence on earth to be wasted away by the various oxymoron and paradoxes of the African setting where the best are oppressed to waste away and mediocrity, scoundrels, treasury looters and pederasts are celebrated
 A simile of the Prof. Wole Shoyinka’s improvisation of the African personage as a wasted generation….
As Gorge Elliot, one of the greatest classic writers of the Elizabethan civilization once noticed a vulnerable wandering race of men and women that are a semblance of a wasted disinherited race of mankind…
A semblance of the Russian classic of Mekhail Schendrin-A book of the Moribund-where his personage Poriru called  malinkee chudovishu- [Russian], Little Judas-[English] by his playmates robs his mother, watches his younger brother to die denying him of treatment so that he can inherit his little property and denies his own son of assistance…
As in Tolstoy’s Xolstomir [Russian] Stallion –[English].. Were the stallion was expelled and punished because it could trot better than the Masters 1000 of Horses and for the reason that it belongs to a servant…
As in Ivan Turgenev’s classic- Zatishe-[Russian] - Lull – [English] - where Varitev his personage, a highly gifted man who stupidly jokes his life away – wasted by the indifference of the beastiality of the society he lived in….
And that the streams of consciousness of Prof. Wole Shoyinka, Lev Tolstoy, Tergenev , Schendrin and Gorge Elliot are the exact summary of the dilemma of the African person of  contemporary times is to say the least.
 Nevertheless, from eternity to eternity I will forever be indebted to those great institutions that discovered me and are investing in the promotions of my books albeit; they are doing it on their own. They have made me an instant celebrity, and a celebrated symbol of immortality…
I thank you all.
Note: we shall bring you the second part of this article which covers the topic of Subsidies in developing economies- SURE- Subsidy Reinvestment Board as in the Nigeria case study and the Vision 20; 2020.Pls hang around.

BY PRINCE FRANK ONAIVI UKONGA-PUBLISHER NATIONAL PEOPLES NEWS & GOVERNORSHIP CANDIDATE 2012 POLLS OF EDO STATE.

FUEL PRICE NOW N97 .VOTE OF CONFIDENCE ON PRESIDENT JONATHAN


 FUEL PRICE NOW N97 .VOTE OF CONFIDENCE ON PRESIDENT JONATHAN
fuel price hike protest



fuel protest in Nigeria
 VOTE OF CONFIDENCE ON PRESIDENT GOODLUCK JONATHAN:, 
fuel to sell at N97 Per litre. Prince frank onaivi ukonga commends President Goodluck Jonathan for his human considerations in reducing the prices from N150 to N97 and urged the Labour unions to shelve the dagger and go back to work...our R AND D at National peoples news revealed that the majourity of Nigerians were expecting a truce price of N100 per liter...
We are very proud of him at National Peoples News and we shall always stand by him come rain come sun... We belief in his subtlety , maturity, truth and honesty to honesty approach in his stratagems to reposition Nigeria as one of the leading economic and industrial giants of the world and we are calling on all Nigerians to continue to support President Goodluck Jonathan
.. ...MOBILIZATION OF DEVELOPMENTAL CAPITAL FOR DEVELOPING NATION STATES. FUEL /ECONOMIC SUBSIDY ISSUES / SURE VS VISION 20:2020 -HOW TO MOBILIZE 3 TRILLION DOLLARS- A CRITICAL APPRAISAL.
http://nationalpeoplesnews.blogspot.com/

President Goodluck Jonathan

Comrade Omar and  Nigerian Labour leaders

MOBILIZATION OF DEVELOPMENTAL CAPITAL FOR DEVELOPING NATION STATES. FUEL /ECONOMIC SUBSIDY ISSUES / SURE VS VISION 20:2020 -HOW TO MOBILIZE 3 TRILLION DOLLARS- A CRITICAL APPRAISAL.

Malam Sanusi  Lamido,Ms Okonjo Iweala, IMF BOS,President Jonathan  & Arch Namadi Sambo
MOBILIZATION OF DEVELOPMENTAL CAPITAL FOR DEVELOPING NATION STATES.  FUEL /ECONOMIC SUBSIDY ISSUES / SURE VS VISION 20:2020 -HOW TO MOBILIZE 3 TRILLION DOLLARS- A CRITICAL APPRAISAL.

THE ROLE OF CENTRAL BANKS IN A DEVELOPING ECONOMY:
The necessity reason de entre of Central Banking concepts is to be the bankers of last resort, managers of Nations money and sovereign wealth, as a clearing house etc but then as preached by Dr Ahmed Abdallah- A former Executive Director of World Bank he theorized that the duties of the Central Banks will inadvertently shift to encompass mobilization of development capital for emerging , ambitions young nations states in the 21st century through the dynamic inventions of various types of marketable financial products addressed to mobilize  rural, urban and international capital for developmental purposes. And in the context of the above postulation most Central Banks of developing Nations including that of the Nigeria Federation fall short of the necessary dexterity in developmental capital mobilization due mainly to the Keynesian financial planning models that are based on fiscal driven economic models rather than the more pragmatic market driven models.- due mainly to the monoculture export regime that is anchored on exporting primordial  raw materials / minerals for the more developed economies of Europe and America.
It is a well known fact that most parts of the developing world including Nigeria are under Banked as the rural dwellers which controls the bulk of the money in circulation are not assimilated into the organized banking sectors of these countries.
Research has it that about 70% of the money in circulation in countries of sub Saharan Africa never goes through the banks and the organized banking systems has only about 25 % share of the money markets of these countries. So for accelerated developmental capital mobilization of young Nation states, it is imperative to look inward and develop viable, marketable and attractive financial products that will seduce the rural dwellers to participate in the banking systems of developing Nations. A crucial point of Note is the need to create rural branches of commercial banks and to extend banking services to the rural dwellers and inner city ghettos and slums where a sizable percentage of capital, of controlling magnitude circulates.
Whence Chief Executive of Central Banks in developing Nations, should not be armchair Bankers but dynamic, visionary and inventive experts that can put up functional plans and a team of qualified personnel, to mobilize the rural, urban as well as external developmental capital needed for accelerated economic and industrial growth of the polity.
In this context the question is what types of financial products will attract rural and inner city dwellers to participate in the organized Banking system and how do you reach out to them.? This question has always been the problem of mobilizing developmental capital from that segment of the society.
Prince Frank Onaivi Ukonga in his book published in 1992, the seething World- a Functional Approach- invented a system of reaching out to the rural and inner city ghettos to mobilizing developmental capital for developing Nations of the world including the Nigerian Nation state.
MICRO FINANCE BANKING:
One of that set of methodology of reaching out to the rural dwellers postulated by Prince Frank Onaivi Ukonga in 1992, Micro Finance Banking, was later implemented by a former executive of Planet Finance- Prof. Mohammed Yunus by implementing the concept of Micro – Finance Bank in Bangladesh in his Greemar Bank which was successful in the mobilization and development of the reluctant backward rural dwellers of that polity to enviable status of today.
THE FIRST AFRICAN/ NIGERIAN MICRO FINANCE [ MICRO CREDIT] BANK:
The First Micro Finance Bank in Nigeria/Africa was registered by Prince Frank Onaivi Ukonga as African Trust Savings and Credit Limited [Micro- Credit Bank] in April 2003.This was when Chief Joseph Sanusi was Governor of the Central Bank of Nigeria. Later Prof. Charles Soludo became the Governor of CBN and gave this concept a wider interpretation in his Micro Finance Bank scheme addressed to fix up the displaced personnel of his Banking consolidation and also to mobilize rural and urban inner city dwellers for rapid economic development of the Nigeria state.
A decade after I postulated the theories of how to mobilize developmental capital I set out to implement the thesis for Africa and the Nigerian Nation state in 2002.
 I wrote the business plan of a Micro Finance Bank [Micro Credit Bank] and took it to the CBN for approval. At the CBN Alhaji GIWA, Director of Banking Supervision loved the idea and many of the other directors he introduced me to at the Lagos – Marina office of the CBN. They decided to give me a note to the Director of Banking licensing Mr. Oni whose office was in Abuja. I traveled to Abuja to meet Mr. Oni and he was very good to me but then he told me that there was no enabling act for him to license me and offered me other options of promoting one of the distressed banks being offered for sale.
I thanked him for his offer and left back to Lagos. In Lagos I decided to go to the Security and Exchange Commission who I reasoned should have a small window into the money market. When I got to there office they said they were not sure if they had an opening window into the money market, but allowed me into their library to have access to the enabling act of the SEC. And there I discovered that indeed they had a small but narrow window into the money market and we discussed it with their business/ legal experts and they said it was possible. So we both jointly decided on the name to be Savings and Credit [Micro -Credit scheme] since we cannot use the word Bank in our nomenclature as it will conflicts with the CBN. After arriving at the name with Mrs. Rufai and other officers of the SEC as;- African Trust Savings and Credit Limited  [ As my vision was to spread  branches all over Africa and perhaps to Europe, America and other Developing Nations]- they told me to go to Abuja for the final approval for subsequent registration with the CAC.
 I came to Abuja to meet the Directors of SEC and the DG then was Dr. Ndanusa. My case was handled by Ms Uneogu also a Director with the SEC and they approved it as a great idea and offered me participation in the capital market through the Unit Trust Schemes to be called- African Trust Power Fund- Subsequently they gave me a letter to the C.A.C that had earlier rejected registering me for failure to meeting the requirements of a Banking status on the criteria of the CBN. They had to concur as the SEC lawyers gave a sound argument about; their window into the money market and that mine was a pilot program.
At last it was registered in 2003. And I came back to Lagos to set up the office at Ashade Market and a small branch at Oshodi Market. Soon Governor Raji Fashola came on board as the Governor of Lagos State and he demolished the OSHODI Market where the bulk of our customers were trading. This brought a big set back to us at the head office in Ikeja Ashade Market…but later the Ashade Market extension where we had the head office was also demolished despite all our plea to the Governor.
So the credit of the institution that first Africanize the Micro Finance Concept of Prof. Mohammed Yunus should go to Dr Ndanusa and Ms Uneogu of the SEC.[ Security & Exchange Commission of the Capital Market.]
Later in 2004 when Prof Soludo became the CBN Governor it was a big coincidence that Mr. Oni became the first Director of the Micro- Finance Banking and other financial matters Department of the CBN.
THE PROBLEMS AND PROSPECTS OF MICRO FINANCE BANKS IN NIGERIA
The causality of Prof. Soludo’s micro Finance Banks in Nigeria was a palliative measure to solve the question of voluntary and involuntary redundancy in the Banking sector which his consolidation exercise created and it was a great measure to get the boys busy by giving them something to do but later it became a viable instrument that contributed its quota in accelerated developmental capital mobilization for economic and industrial growth of the Federation which saw an upsurge in the overall GDP of Nigeria but then the problems associated with the insolvency and distress of most Micro Finance Banks in Nigeria are the followings;
A ] ARMCHAIR BANKING ETHICS:: Most of the executives of the Micro Finance Banks are oblivious of the modus operandi of the concepts and jumped into it with the same attitude of arm chair banking ethics which later became an albatross.
B] THE ENABLING ACT: The articles of the enabling act that brought the Micro Finance Banks into being was some what dysfunctional as it only made a smaller unit of the universal Banking formula excluding the Micro Finance Banks from the clearing houses of the CBN and from direct Foreign Exchange transactions. Thereby the Micro Finance Banks began to see themselves as small Banks and began to compete with the big consolidated banks in all aspects of the 30% share of organized money market in Nigeria instead of them to invent marketable products to attract the 70 % money that does not go through the organized banking sector.
C] DEVIATION FROM THE ETHICS OF MICRO FINANCE BANKING:: Generally for the survival of Micro Finance Banks there is the ethics of being supported by a donor organization that wants to support the poor. It is the funds from these donor organization and persons of goodwill that are used to run the loan and credits aspects of the bank and not the depositor’s fund. But in the case of Nigeria they started using the depositor’s funds to trade and give out credit facilities in a reluctant, resilient economy. Which subsequently led to defaults and distress?
D] COST OF OVERHEADS: The newly established Micro Finance Banks lack adequate know-how of the concept of Micro Finance Banking in the aspects of the international standard practice as the Banking of benches and tables, bicycles, motorcycle and tricycles.. But rather they went straight to buy luxury Toyota Camry cars, Mercedes Benz and even Jeeps as well as well furnished offices with air-conditioners, messengers etc and this lead to its failure.
E] SALARIES AND PURCHASE INVENTRIES: Soon some of the Micro Finance Banks began to compete in salaries with the established consolidated Banks in salary offers to staff and the general overhead cost of running the Banks shot up to above 10 % allowed in the international best practice. And this led to distress.
F] OUTRAGIOUS OFFERS FOR PLACEMENTS: Many Micro Finance Banks began to compete with big banks in order to attract patronage to offer big interest rate to fund speculators while some of these offers were outrageous and meeting the task became a problem and distress sets in.
G] INTERNAL FRAUDS & DIRECTOR RELATED BORROWINGS:
The problems of internal fraud and director related borrowing leading to lots of the evaporation of the depositors funds was another albatross.
H] INEXPERIENCED PERSONEL DEPARTMENTS: The personnel departments were not properly trained in the ethics and practice of Micro Finance banking concepts before being employed. There was the need to establish the kind of formula being pioneered by H.E. Barrister Jimoh Ibrahim to lecture all the staff of a company at regular interval on the mission, vision and modus operandi in what is generally described in management sciences as Cooperative Education. And the lack of this led to lackadaisical attitudes in the behavior of the personnel dept which begin to tell on the overall productivity of the Micro Finance Banking concept.

SUMMARY OF HOW TO MOBILIZE DEVELOPMENTAL CAPITAL
Prince Frank Onaivi Ukonga in his book –The seething world – Reparations for the Black Race – A functional approach published in 1992 wrote extensively about the concept of Banking consolidation, mergers, cartelization, sovereign wealth funds, African monetary Fund, Regional Banking , FDI, Vision[2000] now Vision 2020 , sovereign Bonds, Banking Hob, internationalization of assets and liabilities , African Drawing Rights [ ADR] Micro – Finance Banks, debt trap and how to get out of the debt burden, debt equity swap, debt cartelization through the issuance of debt coupon vouchers redeemable at a later date with incentives of portable interests, Improving Savings / GDP ratio via the inventions of marketable savings products and instruments, Accelerated Internal Revenue Generation by effective Tax regime, customs and Exites, immigrations, maritime, VAT, Seaports, Airports, accelerated and effective privatizations, aggressive export drive of cash crops and minerals, training of an educated experts cadre who know what they are doing to give the scheme homogeneity and effective coordination of stratagems addressed to achieve the desired goal…  etc  as methods by which young Nation states can use to mobilize and consolidate developmental capital for rapid social, economic and industrial development and growth.
PRINCE FRANK ONAIVI UKONGA EQUALY YOKED AMONG THE SAGES AS A SYMBOL OF IMORTALITY….
In 2001 the same book the seething world- reparations for the black Race – A functional approach made the Librarian/ Deans List Award of the prestigious Ivy League North Western University in Evanston Illinois, United States. Only two others books from Africa made the Deans List of North Western University-The Books of our great erudite sages Prof. Wole Shoyinka and Prof Ade Ajayi .
Northwestern University Library is the Largest Library in the world accessing million and millions of books daily. To make the Dean’s list of such a high ranking institution of the world, is like a Carmel going through a needles eye……
 I will be for ever indebted to the University of Northwestern, one of the most prestigious IVY league university in the entirety of the Human Race for equally yoking me Prince frank Onaivi Ukonga among the Nobel laureates and best of best of sages there be and that could be among Homo sapiens of subsequent creation….and with absolute humility and gratitude, I thank the university of Northwestern and the United states of America, for immortalizing me for ever..
 The book has gone through many citations of the most prestigious intellectual circles of the world including the Amazon books, Google Books, University of Indiana, Prestigious Library of Congress of the American State, etc
Open Library of the United States put the book in the same class with the works of the greatest sages of the human Race… yoking me equally among greatest idols as President Kwame Nkrumah of Ghana, President Secou Toure of Guinea, and President Leopold Senghor of Senegal etc. I and mine and all my ancestors [Pakalinia-Russian] shall be for ever grateful to you till the end of time….as you have immortalized me till the end of time as well…
The Wikipedia citation puts the book in the Deway Class of most valuable books in the world recently, the National Library of Singapore has done its citation, the school of Research and development of National University of Australia has classified the book also as most valuable and in almost all continents of the world and all countries of the world the book is being celebrated. We printed less than 400 copies of the book in Nigeria and gave them to only a select few people for a very important purpose.
How the civilized world got copies of the book and began to celebrate the book from country to country, university to university, is still the greatest mystery to Prince Frank Onaivi Ukonga the amiable Prince of Kukuruku provinces and principalities.
 I recommend the book to policy makers, students and researchers of Nation states as a guide to formulating policies for accelerated social, economic and industrial progress of their polity.
But unfortunately you have to get a permit from an Attorney at law in most cases before you can be allowed access to the book by those prestigious libraries and universities that have copies of the book as most valuable asset category… or you can simply go to Google books, Amazon books, or Abe books etc on the internet, that has done the e-version of the book.. Maybe they may allow you to have an e-copy.
But remember I did not ask any institution to do an e- version of the book nor print it. They are doing it on their own and when I asked a few of them they said the book is so valuable that must not be allowed to go uncelebrated by the Human Race.
Any way I thank them all for discovery me and did not allow my existence on earth to be wasted away by the various oxymoron and paradoxes of the African setting where the best are oppressed to waste away and mediocrity, scoundrels, treasury looters and pederasts are celebrated
 A simile of the Prof. Wole Shoyinka’s improvisation of the African personage as a wasted generation….
As Gorge Elliot, one of the greatest classic writers of the Elizabethan civilization once noticed a vulnerable wandering race of men and women that are a semblance of a wasted disinherited race of mankind…
A semblance of the Russian classic of Mekhail Schendrin-A book of the Moribund-where his personage Poriru called  malinkee chudovishu- [Russian], Little Judas-[English] by his playmates robs his mother, watches his younger brother to die denying him of treatment so that he can inherit his little property and denies his own son of assistance…
As in Tolstoy’s Xolstomir [Russian] Stallion –[English].. Were the stallion was expelled and punished because it could trot better than the Masters 1000 of Horses and for the reason that it belongs to a servant…
As in Ivan Turgenev’s classic- Zatishe-[Russian] - Lull – [English] - where Varitev his personage, a highly gifted man who stupidly jokes his life away – wasted by the indifference of the beastiality of the society he lived in….
And that the streams of consciousness of Prof. Wole Shoyinka, Lev Tolstoy, Tergenev , Schendrin and Gorge Elliot are the exact summary of the dilemma of the African person of  contemporary times is to say the least.
 Nevertheless, from eternity to eternity I will forever be indebted to those great institutions that discovered me and are investing in the promotions of my books albeit; they are doing it on their own. They have made me an instant celebrity, and a celebrated symbol of immortality…
I thank you all.

Note: we shall bring you the second part of this article which covers the topic of Subsidies in developing economies- SURE- Subsidy Reinvestment Board as in the Nigeria case study and the Vision 20; 2020.Pls hang around.

BY PRINCE FRANK ONAIVI UKONGA-PUBLISHER NATIONAL PEOPLES NEWS & GOVERNORSHIP CANDIDATE 2012 POLLS OF EDO STATE.

FUEL SUBSIDY & VISION 20:2020-PRESIDENT BARACK OBAMA THE NATIONAL PEOPLES NEWS BEST LEADER OF THE YEAR AWARD WINNER FOR YEAR 2011 SUPPORTS VISION 20: 2020

H.E.BARACK OBAMA

PRINCE FRANK ONAIVI UKONGA
FUEL SUBSIDY & VISION 20:2020-PRESIDENT BARACK OBAMA THE NATIONAL PEOPLES NEWS BEST LEADER OF THE YEAR AWARD WINNER FOR YEAR 2011 SUPPORTS VISION 20: 2020
President Barack Obama has a few days ago backed the VISION 20:2020 AGENDA which means he is telling Nigeria to invest the fuel subsidy wealth in the actualization of the VISION 20:2020 of taking Nigeria to the promised land of love, peace, industrial and economic advancement. 
Vision 2020 was invented by Prince Frank Onaivi Ukonga in 1990 as vision 2000  as a road map to help young ambitious Nation state to frog jump in their social, economic and industrial advancement . Nigeria adapted the concept and the Russia Federation and its 100 states are on the program with more than 13 Nations of the former Soviet Union H. E President Barack Obama the executive President of the United States of America and the National Peoples News Award Winner of 2011 Edition of Best President of the World has a few day ago lauded the VISION 20: 2020  as a great vision that Nigeria should continue4d with vigor and vitality. H.E. Barack Obama is rightly guided..It  was institutionalized tacitly then by the powers there be while ex president Shonekan upgraded it to Vision 2010, General Sani Abacha retained it as Vision 2010, General Abdulsalami retained it as Vision 2010 , President Olusegun Obasanjo updated the concept to Vision 20: 2020. President Yar Adua retained it as Vision 20 : 2020 with a high point road map of targeting a GNP of Nigeria of 900 billion dollars as at 2020, power generation of 25000 mega wats. a gas giant of tran Saharan gas pipeline to connect Nigeria to Europe and become a global player in the international gas world..., jobs for all Nigerians, health for all, education and a well developed academic and technical manpower cadre...And we are backing President Jonathan on the premises that these noble ideals of his late predecessor which president Jonathan identifies with, should be the road map on how to invest the fuel subsidy money and the management team of Christopher Kolade of the subsidy reinvestment board should be changed to VISION :20:2020BOARD
CONCLUSION: We call on all stake holders in the Nigerian project to and support the program of President Goodluck Jonathan...We believe strongly that he is genuine , trust worthy and rightly guided in the context of ideal patriotism. We all have to make sacrifice today for a better tomorow.
LONG LIVE FEDERAL REPUBLIC OF NIGERIA. AMEN.

SIGN: Prince Frank Onaivi Ukonga - Publisher National Peoples News & Governorship Candidate for Edo State in the 2012 Polls
- Pat Iwebo- Chairman - Board of Editors - National Peoples News.


FUEL SUBSIDY:HOW PRINCE FRANK ONAIVI UKONGA WAS ARRESTED AND SUFFERED FOR PRESIDENT JONATHAN TO BECOME THE ACTING PRESIDENT OF NIGERIA: OBAMA LAUDS THE VISION 20:2020



H.E. PRESIDENT JONATHAN
PRINCE FRANK ONAIVI UKONGA
FUEL SUBSIDY:HOW PRINCE FRANK ONAIVI UKONGA WAS ARRESTED AND SUFFERED FOR PRESIDENT JONATHAN TO BECOME THE ACTING PRESIDENT OF NIGERIA: OBAMA LAUDS THE VISION 20:2020
In 2009/2010 when President Umar YarAdua was in the Hospital , there was a clampdown on the press by the Yar Adua Govt in that period. Prince Frank Onaivi Ukonga was the first Publisher/ Editor to be picked up. Six officers of the SSS who were heavily armed stormed the office of National Peoples News and whisked away our Publisher Prince Frank Onaivi Ukonga on handcuff to their office. The allegation was on some of the publications of National Peoples News that was alleged could incite Nigerians to riot and lead the country into anarchy. So they prepared the case of sedition with felony against our publisher but later we came to a truss that for now President Yar Adua was sick in the Hospital in Saudi and that the Government will not tolerate any seditious publications nor remarks from our Newspaper that could incite the people on the said issue. I agreed with them and they let me go after being their guest for 12 hours. I was released on self recognizance category with a view to cooperate with them henceforth. Some other Editors were also arrested like the Editor of Peoples Daily, Desert Herald, the Nation and other Media.
The following week the issue of Dr Goodluck Jonathan becoming the Acting President of Nigeria hooted up and already we have been warned at National Peoples News to shut up otherwise could end up in jail so our Publisher had to go to Abuja to mobilise support for President Goodluck Jonathan who we all knew  was been unjustly denied his due right in the schemes of things.
AIT and NTA INTERVIEWS; our pubshsher had to go straight to the AIT/ NTA to give a convincing argument based on empirical research on the issue and quoting many legal instances and above all the consequences of not transferring power to Dr Jonathan.
It was a powerful material for the press so AIT television began to relay the news as a big boost to convince the Senate and sway the discourse in opinion poll in favor of Dr Goodluck Jonathan virtually every hour from the 5 th of February to the 13 th of February when the Senate finally became convinced to transfer power of Acting President to Dr Goodluck Jonathan.... It was a privileged to be pro active on the rise of President Goodluck Jonathan to Acting Presidency which was successful and today he is the President and Commander in Chief of the Armed Forces of Nigeria. 
VOTE OF CONFIDENCE ON PRESIDENT GOODLUCK JONATHAN:
We are very proud of him at National Peoples News and we shall always stand by him come rain come sun... We belief in his subtlety , maturity, truth and honesty to honesty approach in his stratagems to reposition Nigeria as one of the leading economic and industrial giants of the world and we are calling on all Nigerians to continue to support President Goodluck Jonathan
FUEL SUBSIDY THE IMPERATIVES OF THE REMOVAL OF FUEL SUBSIDY: In the fuel subsidy removal by President Goodluck Jonathan we at National Peoples News have been a stronghold in support of the President to remove the subsidy and use the money to transform Nigeria into a great country that has electricity 24/7 . that is a petro- chemical industrial giant, that can generate its own liquid steal as in the completion of Ajaokuta Iron and steel complex and to focus on the VISION 20;2020 Agenda to take Nigeria to the promised land. We sold the removal of the fuel subsidy to every body far and near in our website and publications and we are not cowards at National Peoples News... we still stand by our word that the president can be trusted to manage the money from the subsidy removal prudently to take Nigeria to the promised land through the road map of VISION 20:2020 
PRESIDENT BARACK OBAMA THE NATIONAL PEOPLES NEWS BEST LEADER OF THE YEAR AWARD WINNER FOR YEAR 2011 SUPPORTS VISION 20: 2020
President Barack Obama has a few days ago backed the VISION 20:2020 AGENDA which means he is telling Nigeria to invest the fuel subsidy wealth in the actualization of the VISION 20:2020 of taking Nigeria to the promised land of love, peace, industrial and economic advancement. 
Vision 2020 was invented by Prince Frank Onaivi Ukonga in 1990 as vision 2000  as a road map to help young ambitious Nation state to frog jump in their social, economic and industrial advancement . Nigeria adapted the concept and the Russia Federation and its 100 states are on the program with more than 13 Nations of the former Soviet Union H. E President Barack Obama the executive President of the United States of America and the National Peoples News Award Winner of 2011 Edition of Best President of the World has a few day ago lauded the VISION 20: 2020  as a great vision that Nigeria should continue4d with vigor and vitality. H.E. Barack Obama is rightly guided..It  was institutionalized tacitly then by the powers there be while ex president Shonekan upgraded it to Vision 2010, General Sani Abacha retained it as Vision 2010, General Abdulsalami retained it as Vision 2010 , President Olusegun Obasanjo updated the concept to Vision 20: 2020. President Yar Adua retained it as Vision 20 : 2020 with a high point road map of targeting a GNP of Nigeria of 900 billion dollars as at 2020, power generation of 25000 mega wats. a gas giant of tran Saharan gas pipeline to connect Nigeria to Europe and become a global player in the international gas world..., jobs for all Nigerians, health for all, education and a well developed academic and technical manpower cadre...And we are backing President Jonathan on the premises that these noble ideals of his late predecessor which president Jonathan identifies with, should be the road map on how to invest the fuel subsidy money and the management team of Christopher Kolade of the subsidy reinvestment board should be changed to VISION :20:2020BOARD
CONCLUSION: We call on all stake holders in the Nigerian project to and support the program of President Goodluck Jonathan...We believe strongly that he is genuine , trust worthy and rightly guided in the context of ideal patriotism. We all have to make sacrifice today for a better tomorow.
LONG LIVE FEDERAL REPUBLIC OF NIGERIA. AMEN.

SIGN: Prince Frank Onaivi Ukonga - Publisher National Peoples News & Governorship Candidate for Edo State in the 2012 Polls
- Pat Iwebo- Chairman - Board of Editors - National Peoples News.