We must look towards efficient taxation as an avenue to increase revenue. If not, we would continue digging our heels into debt and eventually be caught in a debt trap.
Kuda is at the forefront of challenger banks looking to change the status quo of banking in Nigeria. However, the startup has had challenges with the same age-old issue that have defined their traditional companions.
Salami Segun, a BNPL enthusiast and the Business Development Manager of Zoomba.ng, believes that their business model reduces the risk of default to the barest minimum.
Predatory lenders employ deceptive and aggressive sale tactics to attract unsuspecting borrowers into taking loans they cannot afford.