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Bauchi State Governor, Bala Mohammed, has clarified that his absence from the New Year visit by governors to President Bola Tinubu’s Lagos residence on Wednesday should not be misconstrued as politically motivated.
On New Year’s Day, members of the Nigeria Governors’ Forum visited the President at his home on Bourdillon Road, Ikoyi, Lagos. Governors in attendance included Abba Yusuf (Kano), Sheriff Oborevwori (Delta), AbdulRahman AbdulRazaq (Kwara), Babajide Sanwo-Olu (Lagos), Siminalayi Fubara (Rivers), and Lucky Aiyedatiwa (Ondo). Others present were Babagana Zulum (Borno), Monday Okpebholo (Edo), Biodun Oyebanji (Ekiti), Peter Mbah (Enugu), Abdullahi Sule (Nasarawa), Hope Uzodimma (Imo), and Usman Ododo (Kogi).
Governor Bala Mohammed, who also serves as Chairman of the Peoples Democratic Party Governors’ Forum, was noticeably absent, fueling speculation.
This absence was seen by some as significant, especially in light of recent tensions between the governor and the Presidency over proposed tax reforms.
Earlier in the week, the Presidency accused Mohammed of issuing threats against President Tinubu, while Mohammed accused the Presidency of blackmail and reaffirmed his opposition to the reforms.
However, on Thursday, the governor’s Special Adviser on Media and Publicity, Mukhtar Gidado, dismissed any political interpretations of Mohammed’s absence. Gidado explained that the governor had been grieving the loss of his 102-year-old stepmother, Hauwa Duguri, who passed away on New Year’s Day.
“The governor’s stepmother, Hauwa Duguri, passed away on Wednesday, the same day as the New Year visit,” Gidado said. “The governor has been deeply affected by the loss. As we speak, he is in his hometown of Duguri, receiving sympathisers and mourning her passing.”
He added, “It is inappropriate to link the governor’s absence to his recent disagreements with the Presidency. Governor Mohammed remains focused on mourning and honoring his late stepmother.”
Disclaimer: The information contained in this content is for general purpose only and is generated from different sources other than MenBills Colony. Kindly report any fake news or false statement to support@menbills.com.ng
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Managing money effectively is essential for a secure future, but it can often feel overwhelming. Thankfully, artificial intelligence (AI) is stepping in to make personal finance smarter, more personalized, and easier to navigate. Whether you're budgeting, investing, or planning for retirement, AI can revolutionize how you manage your money. Here’s a look at how AI is transforming personal finance and how you can take advantage of it.
Budgeting used to mean spreadsheets and manual calculations, but AI tools like Mint and YNAB (You Need a Budget) have simplified this process. These apps analyze your spending, categorize expenses, and offer actionable advice to help you save.
Example in Action:
If your dining expenses are higher than usual, the app might suggest reducing takeouts or exploring grocery discounts to save more.
Why It Matters:
AI creates a budget tailored specifically to your financial habits, helping you cut unnecessary costs and save effectively.
Investing can be intimidating, especially for beginners. AI-driven platforms like Betterment and Wealthfront offer robo-advisors that manage investments for you. These tools assess your risk tolerance, financial goals, and market trends to build a portfolio designed to maximize returns.
How It Works:
AI eliminates emotional biases in investing, ensuring your money is managed based on data and market conditions.
What You Gain:
A hands-off, efficient way to grow your wealth, even if you're new to investing.
Saving money is easier when it's automated. AI tools like Digit and Qapital use algorithms to analyze your income and expenses, automatically setting aside money for your goals—whether it's an emergency fund or a dream vacation.
The AI Advantage:
These apps save small, manageable amounts you won’t even notice, helping you build a cushion without sacrificing your lifestyle.
Fraud and unauthorized transactions are a constant threat in today's digital world. Banks and payment platforms like PayPal and Chime use AI to monitor transactions for unusual activity.
How It Protects You:
If your card is suddenly used in a foreign country, AI flags and blocks the transaction, instantly notifying you.
Why It’s Essential:
AI ensures your financial data is secure, providing peace of mind while you manage your money online.
AI tools like Credit Karma and Experian Boost help you monitor your credit score, find the best loan options, and even suggest ways to improve your creditworthiness.
Example in Action:
AI might recommend paying off a high-interest credit card first or consolidating debt to save money.
Your Takeaway:
With AI, you get tailored advice to improve your financial standing and access better loan deals.
Planning for retirement can be overwhelming, but AI tools like Wealthfront and Blooom simplify the process. They calculate how much you'll need and optimize your retirement accounts to ensure long-term growth.
How It Helps:
AI takes into account inflation, market trends, and your financial goals to create a secure retirement plan.
Why It Matters:
You can plan with confidence, knowing you're on track to retire comfortably.
AI is more than just a tool—it’s a revolution in personal finance. From automated budgeting to smarter investments and enhanced security, AI makes managing money easier and more effective. By adopting AI-powered tools, you can take control of your finances, save more, and achieve your financial dreams.
AI in personal finance is used to simplify tasks like budgeting, saving, investing, and credit monitoring. Apps like Mint and Digit analyze spending habits to create tailored budgets and automate savings, while platforms like Betterment and Wealthfront use AI for personalized investment advice.
Why It Matters:
AI eliminates guesswork and provides real-time, data-driven insights, making money management easier and more effective.
Yes, AI is excellent for saving money. Tools like Digit and Qapital analyze your income and expenses, automatically setting aside small amounts for your savings goals without impacting your daily budget.
Example:
If your monthly spending is lower than usual, the app saves the extra funds for you. Over time, these small amounts add up significantly.
AI investment platforms, also known as robo-advisors, like Betterment and Wealthfront, are cost-effective and suitable for beginners. They use algorithms to manage portfolios, rebalance investments, and minimize risks.
Key Advantage:
AI platforms charge lower fees compared to human advisors and are available 24/7, making them a great option for tech-savvy investors or those with smaller budgets.
AI in finance is designed with advanced security features, such as real-time fraud detection and encryption. Banks and payment platforms like PayPal use AI to monitor unusual activities and protect your data.
Pro Tip:
Always choose trusted apps and platforms with robust security protocols, and enable two-factor authentication for added safety.
Absolutely. AI tools like Experian Boost help improve your credit score by analyzing your payment history and suggesting actions like adding recurring payments (e.g., utilities) to your credit report.
How It Works:
The tool identifies ways to positively impact your credit score without needing significant changes to your finances.
Some of the best AI tools for managing your money include:
Pro Tip:
Start with a free version of these tools to explore their features before committing to premium plans.
Yes, AI is an excellent tool for retirement planning. Platforms like Wealthfront and Blooom analyze your financial situation, predict future needs, and recommend how much to invest in retirement accounts like 401(k)s or IRAs.
Why Use AI:
AI ensures your retirement plan accounts for inflation, market trends, and your lifestyle, making your golden years financially secure.
AI won’t fully replace human financial advisors but can complement their services. While AI excels at data analysis and automating tasks, human advisors offer personalized advice for complex financial decisions like estate planning or navigating tax laws.
Best of Both Worlds:
Use AI for day-to-day management and a financial advisor for big-picture planning.
Most AI-powered financial apps earn through subscription fees, premium features, or commissions from financial services they recommend.
What to Watch Out For:
Always review the app’s pricing and privacy policies to ensure you’re comfortable with its practices.
Absolutely. AI is already transforming personal finance by making tools smarter, more efficient, and accessible to everyone. As technology advances, we can expect even more innovative solutions, such as voice-activated financial assistants and predictive financial modeling.
What This Means for You:
Adopting AI tools today puts you ahead of the curve, helping you save, invest, and secure your financial future with ease.
Start exploring AI for your personal finances today and unlock smarter, stress-free money management!
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