‘Breasts on lantern’: Agonies of borrowers of Nigerian micro-credit loans

“Gb’omu le’na” in Yoruba language, the dominant language in Nigeria’s South-west – literally means to place breasts on a lit lantern. It was coined by some Nigerians today to express the excruciating pain that comes with the repayment plans for loans drawn from some micro-finance banks (MFBs) or micro-finance institutes (MFI). Borrowers, mostly petty traders and local artisans, constantly suffer palpitations as they strive to make their payments in weekly instalments. Defaulters are usually locked up in toilets or paraded in public to beg for alms. From Ibadan to Ile-Ife, Osogbo to Ilesha, Ilorin to Abeokuta, and other major towns and villages across Nigeria, tension usually erupts among local traders… Read More

Continue Reading

Families Engaged in Destructive Tug of War: How to Drop the Rope

Tug of war is an ancient game that is believed to have begun in the 8th century BC as a training exercise for warriors. Today it is a fun game usually played at social events that pits two teams against one another to reveal which team is the strongest and has the most endurance. However, when a tug of war pits two family members against each other, it’s anything but fun. Indeed, it often turns into a deadly game — killing any safety and security that family members feel in their own home. Here are two examples of family tug of war games. Example 1: “Reality shows are so stupid. I… Read More

Continue Reading