play_arrow

keyboard_arrow_right

skip_previous play_arrow skip_next
00:00 00:00
playlist_play chevron_left
volume_up
chevron_left
  • cover play_arrow

    Welcome to Online Radio
    The Leading Lifestyle Internet Radio

  • cover play_arrow

    Music 24/7 - Africana
    Online Radio

  • cover play_arrow

    Music 24/7 - International
    Online Radio

  • cover play_arrow

    Music 24/7 - Gospel
    Online Radio

  • cover play_arrow

    Music 24/7 - Latin America
    Online Radio

  • cover play_arrow

    Talk Shows - Stay Updated
    Online Radio

  • cover play_arrow

    Pillars and Plants - Gospel
    Online Radio

  • cover play_arrow

    Audio Stories - A new movie experience
    Online Radio

  • Home
  • keyboard_arrow_right Lifestyle
  • keyboard_arrow_right D’banj: Why Banks Should Accept Intellectual Property As Collateral

Lifestyle

D’banj: Why Banks Should Accept Intellectual Property As Collateral

Oluwaseye Ogunsanya April 3, 2021 22


Background
share close

Nigerian singer, D’banj, has advocated the use of intellectual property as collateral for obtaining bank loans.

According to NAN, D’banj said this at the inauguration of Nigerian Export-Import (NEXIM) Bank’s Women and Youth Export Fund (WAYEF) platform for easy access to funds.

A statement by D’banj’s manager, Damian Okoroafor, quoted that singer to have said that the creative industry is a bigger exporter of Nigerian products than crude oil and, as such, deserves all the attention it needs to enable it to grow.

“Our creative industry is a bigger and better export than the oil industry. So, there is the need for more access to stress free funds for those in the creative industry, using their intellectual property as collateral,” he said.

“When you look around the world, one of our biggest exports is the creative sector, thanks to our music, movies and photos.

“So, WAYEF is another opportunity to fully throw some weight behind the creative industry, through capacity training or access to funds.”

Earlier, D’banj had rewarded five talented Nigerians, in different fields, with one million naira each to develop themselves.

Tagged as: , , , , .

Rate it
Previous post
Post comments (0)

Leave a reply