My name is obeta jerome from Enugu state,23yrs. With my own iota of experence & observation, creating this islamic bank in this country is like making "a demarcation". Who 'll help me to get admission to nigerian defence academy(NDA)2011/2012 section. jery4life@gmail.com,08032190837.

My goodness!!! How did these people receive such positions as the President of the Lagos Chambers of Commerce if they do not understand anything about banking. How does a Chamber of Commerce President attract businesses into the country if such businesses cannot be guaranteed reasonable returns on their investment? These people are completely missing the point. The inability of the Central Bank to regulate interest rates because our economy is experiencing a marginal growth proportionate to our GDP, and the incessant demand for credits in order to encourage economic growth in all sectors of the economy is no reason to introduce a Non-Interest bearing lending scheme.

Would the Chamber of Commerce President please answer the nagging question as to where these funds would be coming from before you introduce a non-interest bearing loan scheme? If 85% of Nigeria's total revenue is derived from Crude Oil, are these blind politicians now suggesting that Mr. Sanusi should now begin to transfer money to everyone who wishes to have access to credit without having them post a collateral value at least five times the worth of what they are borrowing, so that in the event of a default, the government could equally liquidate such assets in order to recover their investments?

It would appear to me also that the Honorable Lagos Chamber of Commerce President does not equally understand what "Interest-Free Banking" means. Somebody somewhere has got to absorb the cost of the money CBN "gives" out. Who would that be Mr. Chamber President? The Niger Delta? Have you ever considered the probabilities of hyper-inflation if the oil wells begin to dry out? When was the last time any of you ventured into Zimbabwe where it will cost you nearly 10-Billion Zimbabwean Dollars to buy a loaf of bread? You think you have troubles now, wait until the Sahara begins to over run the North. Our government should be spending money on the environment and reclaiming the Sahara so as to minimize the pressure the Southern parts of the country are facing with regards to demands for living spaces. We should also device better ways of reclaiming the wasted fresh water rainfall that washes back into our rivers and lagoons, rather than building channels to trap this very prescious resource and pump same back to the dry arid North so that we may have vegetations good for human and animal habitations. These are projects which the government could embark upon that could stop the mass exodus to our metropolis such as Kano, Kaduna, Lagos, Ibadan, Port Harcourt, Abuja and other such hot spots throughout the federation. Nature has given us a golden opportunity and we are too busy squandering our resources and running around chasing our tails in search of answers. I never would have thought that there would come a time when Nigeria, a country which was the envy of the entire world, can no-longer find its footing on anything it embarks upon.It is indeed, a sad irony to see what is happening today and every waking day at this very dear environment where we call HOME. Very sad, indeed.