How can one stop porn addiction?
I've been addicted to porn for closely 4years now.
I really want to stop it, please epp.�

With an October date set for the pilot stage of the e-Naira, Central Bank of Nigeria’s planned digital currency, financial technology specialists have said the date may not be feasible even as they warn the apex bank to be cautious and not rush into it.

CBN director of information technology, Rakiya Mohammed, had at a private webinar mentioned that the pilot stage of the digital currency is expected to kickstart by October, noting that the apex bank had been conducting research sin.ce 2017 with regards to developing a digital currency.

Mohammed, who stated that CBN may conduct a proof of concept before the end of this year, said the project is tagged ‘GIANT’ and will use the Hyperledger Fabric blockchain. The Hyperledger Fabric is an opensource project that acts as a foundation for developing blockchain-based products, solutions and applications using plug-and-play components that are aimed for use within private enterprises.
Hyperledger’s executive director, Brian Behlendorf, said there had been an increase in the use of Hyperledger’s opensource blockchain technology, including Hyperledger Fabric, for Central Bank Digital Currency (CBDC) and other currency projects.

“However, since our technologies are all opensource, we often don’t know all the ways and places Hyperledger software is being used, especially prior to launch,” Behlendorf said in an email.

“If Nigeria’s digital currency project is built on Hyperledger Fabric, that would be welcome news that further validates Fabric as a CBDC platform.”

Rise of digital currencies

The proposed eNaira is a type of Central Bank Digital Currency (CBDC) which over 80 per cent of central banks across the world are currently exploring. CBDCs are new variants of central bank fiat money that are different from physical cash and reserves/settlement accounts.

LEADERSHIP Sunday learned that CBDC is a digital representation of sovereign currency that is issued by a jurisdiction’s monetary authority and a direct liability of the central bank that issued it. Contrary to some beliefs, CBDCs are not meant to replace cash and bank deposits but to coexist as additional form of Central Bank issued money.

CBDCs are also not to be confused with crypto assets such as Bitcoin, Ethereum and the like which are privately issued tokens based on cryptographic techniques and denominated in their own unit of account. Crypto assets are thus fundamentally different from other kinds of digital money such as the CBDC which basically utilizes technology to represent a country’s official currency in digital form.

The Bank of England (BOE) was the pioneer to initiate the CBDC proposal. Following that, central banks of other nations, like People’s Bank of China (PBoC), Bank of Canada (BoC), and central banks of Uruguay, Thailand, Venezuela, Sweden, and Singapore, among others, are looking into the possibility of introducing a central bank-issued digital currency.

Currently, three countries, the Bahamas, Eastern Carribean and China, have begun the use of CBDCs, while Canada, South Africa, Japan, Ecuador, Sweden, Singapore and Hong Kong are already at advanced stage. The United States, Great Britain, Jamaica, United Arab Emirates as well as Mexico are still at the research stage. The role of cash is declining, giving impetus to digital currencies.

Why we need eNaira
Founder/chief executive officer, Gboza Gbosa Technology Ltd, Ade Atobatele, who spoke to LEADERSHIP Sunday on the subject of the planned eNaira, explained that digital currencies are just like cash, only that are digitalised.

Not to be confused with cryptocurrencies, he said “the only thing they have in common is that they are digital CBN’s primary mandate is monitoring interest rates and monetary policies.
“CBDC can be a tool to help CBN’s control of the money supply. The beauty of CBN is that they are a licensing authority which means they can license people for different things. They can call upon them to do their bidding whenever they want,” he said.
Also, founder of Blockchain Mobile Technologies, Stanley Okwu, sees the CBN’s e-Naira as a welcome development. He, however, said such innovation should not be rushed as he called on the apex bank to seek assistance from both local and international experts so as not to run into it unprepared.

While noting that the digital currency would make it easier to transfer remittances into the country, lead to creation of job and allow new ways for digital services in the country, he said “digital currency, like cryptocurrency, is not built in few months.

“It takes a well- organised road map. Therefore, within this timing, CBN should seek out experts, both locally and abroad, to assist them in order to avoid running into trouble. I believe the CBN will get it right if they seek out good hands and experts to work with,” Okwu added.

Likewise, financial technology expert and chief executive of eMaginatons Ltd., Sola Fanawopo, stressed the need for caution. According to him, the apex bank must take a proper stand before it launches eNaira.

“They have to be very careful. However, we must be bold and courageous on what we want to use digital currency for. That decision must be taken and it may be contentious among the financial institutions in the country. I will expect CBN to do wide consultations among the financial institutions, banks, Fintechs, non-banking operators and everybody, including consumers. After wide consultations, CBN can take a decision and the objective can be very clear.

“The October date may not be feasible. China has been on its own for the past five years before it came to the market, so we need to plan very well before taking a decision as this will be better for the country and everybody,” Fanawopo said.

Also, the managing director, New Horizons Systems Nigeria, Tim Akano, told LEADERSHIP Sunday that the CBDC is the way futuristic countries are going; thereby CBN cannot afford to be left behind.

He urged the “CBN to begin its pilot in a certain location such as Ogun State since it has the largest number of industries and universities in the country to test the eNaira before it can be extended to other parts of the country, just like China did with Digital Yuan.”

Note of caution on CBDC
The Clearing House, the bank-owned operator of the only private United States of America payments system, in a statement issued on July 27, 2021, cautioned the Federal Reserves, the US central bank, that a CBDC could destabilise both the domestic and foreign banking and financial services sectors.
Stressing the need to proceed with caution as a CBDC could do more harm than good, the Clearing House, in a report entitled, “On the Road to a U.S. Central Bank Digital Currency: Challenges and Opportunities,” said the “introduction of a U.S. CBDC has the potential to destabilise both the domestic and foreign banking and financial services sectors, and to make illicit activity using the U.S. dollar easier.”
Executive managing director of the Clearing House, Robert Hunter, in an interview quoted by PaymentsDive, noted that while it is not opposed to the idea of a CBDC, it views the real-world possibility of a U.S. CBDC as fraught with questions about its potential purpose, design and risks.
“Particularly in times of stress, it is highly likely that there would be capital flight into a central bank digital currency,” and that could have a destabilising impact on financial institutions, he said.
Meanwhile, the CBN is looking up to the eNaira to help achieve macroeconomic management and growth, cross border trade facilitation, financial inclusion, monetary policy effectiveness, improved payments efficiency, revenue and tax collection, remittances improvement as well as targeted social interventions.
With the African Continental Free Trade Area (AfCFTA), Fanawopo believes the eNaira could become a critical tool in addressing challenges faced in African trade. “We must be specific in the issues we want to use it to address, such as using it to solve the problem that is identified with physical currencies,” he said.

What CBN plans to do with eNaira
CBN director, Rakiyat Mohammed, had noted at the end of the last Bankers’ Committee meeting that the CBDC would be a tool in addressing the financial inclusion challenge of the county.

“Our target for this year was to achieve 80 per cent of financial inclusion and we are at about 60 per cent now and at the rate that we are going we are not likely to meet this target.
“The CBDC will accelerate our ability to meet this target because regardless of where you are just like the fiat cash anyone including my grandmother in the village will be able to have CBDC and use and she will be able to buy anything in Ghana or South Africa or us without having to transfer cash and at a very reduced cost. So, it will reduce the cost of transferring money. In order to complement the federal government’s effort in achieving a digital economy,” she stated.

The model of the eNaira according to the CBN is such that it designs, creates and distributes the CBDC to financial institutions as well as other licensed service providers who in turn provides it to businesses and individuals. The eNaira has the potential to reduce cash handling costs by 5-7 per cent, promote digitisation of cash and development of e-commerce

Benefits of eNaira

Speaking on the benefits of the eNaira to the Nigerian economy, Fanawopo noted that asides from strengthening the identity system in the country, a CBDC will help address the issues of cybersecurity, improve literacy level in the country, reduce the cost of transaction, thereby enabling increased confidence in the system.

He further stated that it would challenge financial institutions, including fintechs, to be more creative and innovative. This, according to him, will spur employment among the teeming tech-driven youthful population of the country.

On his part, the financial counsellor and director of the Monetary and Capital Markets Department, IMF, Tobias Adrian, said that central bankers everywhere are closely following the experience in the Bahamas, trying to discern the lessons of the actual issuance of the “Sand Dollar.”

He, however, warned that central banks should design CBDC so that they help support a stable and efficient international monetary system.

“If we design digital currencies with caution and with precision — and if we frame their adoption within legal and regulatory systems that maximise their benefits and minimise their risks — we could be on the verge of an era that fulfils the promise of transformation,” Adrian added

She done blow....

slawormiir:
Damnnn niggarrrr
I am beginning to love nairaland

Them don dey updates their front page in the night

Get rich or die while trying doesn't mean we should not use our sense

Light up my kpoli....while I return back to my bombing and huzzle
There will always be fire at the end of my weed while I puff from the other end

Be like e never teyy you start kpoli and bombing.
E still dey give you cruz newly.�

Mohammed Buhari.
God will punish you and your administrators.

The ones these MFs enrolled ain't paid yet.
Assholes !

Kings999:
Untill men will start having sense, after you made it in life and get married you will still have to have a joint account with your wife or you will let her have access to your account.. for what?
Love and trust is not the same, Jesus said you should love your neighbor not to trust them..
Don't trust a woman even your wife, the woman that keep saying why don't you trust her is the one that will kill you before your time...
If you made money and get married, you don't own any woman any explanation on how to live your life, the only explanation you have is to take care of her and your kids and be a good husband to her, don't be so foolish and let a woman control you even in everything you have, sometimes let her know that she didn't contribute anything for your success...

I believe love goes with trust, if you are gonna love someone, you gotta trust them.
It's natural, we are always blinded by love to trust girls.

Bunch of fools.
I've developed a hatred for politicians and force men.
Bleep them !

Meanwhile lemme light my AZ

God save His anointed.

You all blame the girl.
He might had promised the lady marriage at the past.
Please guys, stop hurting girls, they get [color=#990000][/color]extremely hard to destroy you later.

They pass bills worth billions, nothing to show for it.
I weep.......

Every evil/bad stuff, 9ja dey top.
Na wa for us ooooh.

Mr foolhari
Trust is a hard omen to find when broken .
Zenk you..

post=97391328:
Baba , but this is not just fair at all at all!

People came all the way from Anambra state to Ogun state and you know open door for them?

Haba Baba........

Make them show us prove say them no enter.✌️�

Na wetin them supposed dey do.
Don't give credit to them.
E no reach quarter of wetin them done thief.
Fools........

After getting high,I started thinking who is really this Buhari??
Bandits now negotiate with a nation on daily basis in the name of kidnapping.
Buhari was not this bad when he assumed office.
E be like say Buhari done die
This Buhari is running a dictatorship government using our heads.
Or maybe he remembered Nigerian government backstabbed him at the past, either ways he's gahts no plans for humanity.
He's rendering 5his country useless.
I'm beginning to see reasons to supporting NNAMDI KALU....

The bad governance in Nigeria started not than 50years ago.
You can't correct it now.
Let's hope for Biafra.......�[color=#000099][/color]

I can't wish a happy birthday to any federal government staff.
Except na mu adila too high ��[color=#990000][/color]

Pdp
Apc
All of una na thieves.
We no want again.
����

DonFreshmoney:
He is very foolish.
I have no pity and emotion for suiciders

Imagine what you are saying.
You should be asking God to give you strength to overcome depression not insulting people who committed suicide.
Pray you don't get in a situation where you don't have any solutions.

God have mercy on you.

TruthSpeaker:


UNFORTUNATELY YOU DON’T SEEM TO KNOW ENOUGH OF THE BIBLE. I WILL LEAVE SOME RELEVANT VERSES FOR YOU, SO YOU CAN UPGRADE YOUR LIMITED BIBLE KNOWLEDGE.
WHY DID JOSEPH AND MARY RUN WITH LITTLE JESUS TO EGYPT? WAS IT NOT TO EVADE THE IMPACT OF THE LAW THE AUTHORITY WAS ABOUT TO IMPOSE?
YOU ARE WRONGLY PAINTING THE ISSUE AS THOUGH CHURCHES ARE THE PRIME TARGET. A 14-DAY LOCKDOWN WAS IMPOSED AND ALL SOCIAL AND PUBLIC GATHERINGS FOR MORE THAN 20 PEOPLE WAS BANNED. THE SOCIAL GATHERING WASN’T DIRECTED TO ONLY CHRISTIANS. MOSQUES, NIGHTCLUBS, BIRTHDAY PARTIES, SECRET CULT MEETING, SPORTS GATHERINGS ETC ARE ALL UNDER THE SAME CATEGORY. THESE PASTORS OUGHT TO HAVE PRAY AGAINST THE DISEASE FINDING IT’S WAY TO NIGERIA AND NOT FOOLING AROUND NOW MAKING THEIR MEMBERS RISK THEIR LIVES WHILE THEY GATHER TO SCREAM PRAYERS; POURING OUT DROPLETS IN AN UNCONTROLLABLE MANNER. PASTORS SHOULD BE SENSITIVE ABOUT THE RISK AT HAND, AND NOT JUST THINKING OF HOW TO COLLECT TITHE AND OFFERING EVEN IN TRYING TIMES LIKE THIS.
YOU SHOULD BETTER BE ASHAMED OF YOURSELF FOR NOT KNOWING ENOUGH ABOUT CHRISTIANITY.

Like you know the Bible
Hahahahahahaha.
No human without the holy Spirit knows the Bible.
You're just talking with sentiments.
The church shouldn't be closed down for that.

TruthSpeaker:
LOCK HIM UP. HAS HIS PRAYERS HEALED ANY COVID-19 PATIENT? HE SHOULD COME STRAIGHT, HE IS MORE INTERESTED IN COLLECTING TITHE AND OFFERING. JESUS IN THE BIBLE TOLD US TO RESPECT THE LAWS OF THE AUTHORITIES.
WHY DIDN’T THE DUDE PRAY TO PREVENT THE VIRUS FROM MAKING IT’S WAY SUCCESSFULLY TO NIGERIA?
OBEY SIMPLE INSTRUCTIONS AND SHUT THE Bleep UP. DON’T MAKE THIS STUFF LOOK LIKE A RELIGIOUS BIAS BATTLE.

The old testament.
Any law that's against the gathering of Christ likes shouldn't be obeyed.
Even Christ disobeyed the Authorities to serve God almighty.
Am ashamed of you Christians.
Tufiakwa

I'm so disappointed at you all.
The world want us to run away from God and run to science and most of you all are here supporting the lockdown of religious centers.
This world self.
Even Christians run away from Christ all in the name of safety.
Don't you wanna die for Christ anymore??
But you call yourselves Christians.
Shame on you all.

Oboy !
For ss3 Dem done dey knack you hammer.
This country done tire me self ���

Even the guy wey wan sign the boy looks hungry.
Ghana and music na minus1

Officialgarri:
It's not easy being a cultist. The demand will choke you till you steal.

I won't be surprised if he wasn't actively involved.....

There are still some cultists who don't steal.
Everyone didn't have the intentions to become a cultist and start terrorizing the nation.
Some joined just to be on their own, hustle with freedom.
Don't get that mindset dear.
Speak alone for Naira Marley
Don't come here and make people believe every cultist is a bad guy.
And besides,there are no demands in it.
They just can't stop spending on drugs,drinks and women.
When there's no money for that, they engage in illegal stuvs to get money.
I think it's determination not the Matter of being a cultist
Thank you.

LyfeJennings:


If only U ever been robbed

Can you imagine??
You no dey shame?
Is Nigeria the only country robbery exist?
Do other countries engage in jungle justice
Your comment proves how heartless and inhuman you are.
Bleep you!

Imagine if say na me the Bleep her all night.
O boy na fish I Bleep �����

not even devil succeeded in ending this love. true love worths everything.

if them asassinate poor man,matter go die. if na rich person,our politicians go dey interested. poor man done tire.