A FINANCIAL ADVICE TO ILORIN SOCIO- CULTURAL GROUPS


By Saad Ayuba Danmusa


I must be frank with everybody, especially the elites of this blessed City who have developed the habit of oneness through various Social Media groups and physical associations.

It is a known fact that the major source of fund for members is salary and this can only be assured while still in active service.  It stops after 35years in service or when one clocks sixty years of age, which is the retiring age.

It has been observed that majority of members are active in donating to the purse of the associations they belong to but relax after retirement while few businessmen also relax due to age.

With this, I woke up with a brilliant suggestion/decision. This might not be a brilliant one to you now, but it is necessary to brainstorm to create business ideas for any association we belong to which will ease the burdens on the Pensioners.

Depending on the type of business, any association can decide to build Hostels or venture into  transportation business that will be fetching a daily, monthly or yearly income for such association.

This is a strong advice and warning to all socio-cultural Associations to start investing their money wisely and not just  keeping money in the bank for long, since we all know that the depreciation on exchange rate can easily catch up with it.

Let us be wise!

Comments

Popular posts from this blog

kwepa inaugurate weekly sanitation in Offa