From Victor Seyi, Ilorin
A resource person, Mr Hammed Yusuf, on Tuesday highlighted the need for individuals to have pre-knowledge of loan management before accessing a loan.
Yusuf gave the advice in his presentation at a seminar organised for residents of Kwara border communities by Abdulrasaq Tijjani, an NYSC member serving in Kosubosu, the headquarters of Baruten local government area of Kwara.
The resource person, who delivered a paper on “Loan management: A sure safety from indebtedness”, advised the participants to always analyse their need before going for a loan and warned them never to access loan because others obtained it.
He noted that one of the keys to be financially successful is to understand when loan was a good solution to a situation.
According to him, “loans are never a good idea if one cannot afford to pay back in the required timeframe. If you have never received a loan to purchase something, you are in
the minority. Loans cause great things, but they can also get you in trouble.
“Taking out loan can be intimidating and have a huge impact on your life if you are not careful about how much you are borrowing”, he said.
Yusuf added that as long as loan could be obtained to achieve business and personal goals that might not be achievable within the financial capacity, it was good for potential borrowers to manage the loan to avoid embarrassment that could arise from indebtedness.
Speaking on the way out of the socio-economic challenges facing the country, Mr Abubakar Yakubu, the Chief Orientation and Mobilisation Officer of the National Orientation Agency (NOA) in Baruten local government identified corruption, massive unemployment, critical infrastructure and insecurity among others as challenges facing the existence of the country.
He, however, urged the participants to join the current national government in the fight against corruption, asserting that if corruption is curbed, other socio-economic challenges would be addressed.
The NOA official also called for patriotism among Nigerians, saying “Nigeria will be good for all if we start thinking positive about Nigeria”.
In his address, Tijjani said that the programme was part of his Community Development Service, towards sensitizing the people of the area on the chosen topics.
The 2014 Batch ‘C’ NYSC member noted that he was sure that all the participants would not regret giving their time for the seminar.
From Victor Seyi, Ilorin