Those who rate Kwara top must be on Osogbo weed. With this sole administrator and mediocre of a governor? Lwkmd

I wan go do am this morning around past 5am, naim I shine torch see this reptile dey waka for my compound. I look for a stick and do justice to am.

Lala move to the fp

What I got

What I paid for

0 80 39 26. 18 5.2

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Academicwizman:



Good reasoning and analysis but let's look at it this way (point-by-point):

Point of correction: There was never digital naira in circulation.

The expense of printing/handling physical cash:

Do you know what they call interbank settlements? Let me explain. When you transfer money from let's say GTB account to First Bank account and the 'money' hits the account in a second. What actually hits your account is not really the money in the technical sense but a record that debit and credit has occured. It can take First bank a week in order to receive the physical cash equivalent to the amount that you transfer from GTB. That is inefficient and can slow down the amount of loan that First bank can grant based on their cash receipts at a particular time period. This is closely tied to the fractional reserve banking or cash reserve ratio (CRR) that CBN uses in controlling money supply in the economy.
E-naira advantage: Interbank settlements will be instant or extremely fast. With fast cash turnover, banks may grant cheaper loan.

Financial Inclusion
Yes, Fintech has broaden the financial Inclusion but do not underestimate how quick the financial Inclusion can grow with regular
government 'free e-naira' transfer to some categories of the citizens. Retirees will quickly learn how to get on the e-wallet if their monthly stipends are tied to it. Do not also forget the 'wonders' that allure of free peer-to-peer transfer without charges can do. Many Nigerians already detest the bank ripoffs through various charges.

Security
You got a point here but do not forget that holding cash also is dangerous. Besides, the e-naira is also on the Blockchain technology (which is still a very secure network). We have both permissioned and non-permissioned Blockchain. The e-naira is on permissioned block chain. It is only through CBN that the network can be messed with, and of course, if you are careless with your private key (password).

Overall: My fear is with the discipline of the Central Bank and possible high inflation due to over-minting the e-naira. If they can maintain high level of discipline (which I doubt considering the antecedent), e-naira is a very good innovation that will help the economy.

In my honest opinion, I have read and read over and over again, but I still can't comprehend how eNaira is different from the Naira in my bank account that I can transfer to any other bank account. This feature which seems to be the flagship of the eNaira. The CBN banned crypto currency in Nigeria, but still went ahead to introduce eNaira which they claim use blockhchain technology. I don't think they know what they want. The best the CBN could do for Nigerians is to create an eDollar wallet where everyone will have access to forex without going to bank or bureau de change. This is how I think it should work:
1. You download the eDollar wallet and register.
2. Fund your eDollar wallet with Naira from your Naira bank account. Upon funding this eDollar wallet with Naira, your Naira automatically converts to dollars based on the CBN rate, which you can use to do do international transactions.
With this, there won't be any bureau de change or Aboki Fx to speculate the dollar price. The reason being that only the CBN will have control over the rate because the eDollar wallet belongs to them. Also, they will be able to monitor every dollar that goes out of this country for international transactions. There will also be a daily limit to the amount you can transact or transfer. Terrorists can be put under watch as there should be a law banning physical dollars in the circulation. Let all dollar transactions go through CBN eDollar wallet. In my opinion, I think the bereau de change will be out of business, the commercial banks will be boycotted and won't be able to cheat customers, speculators will not have anything to speculate and there will be one common dollar price.

Nigerialabalaba:
Na only US treasury fit mint and issue the USD whether physical or electronic.

BUSD, USDT & many other e-Dollars on blockchain are not issued by the US Federal Reserve. The CBN just has to make electronic dollars available based in what they have in their foreign reserve.

How to reap where you did not sow.

.

In my honest opinion, I have read and read over and over again, but I still can't comprehend how eNaira is different from the Naira in my bank account that I can transfer to any other bank account. This feature which seems to be the flagship of the eNaira. The CBN banned crypto currency in Nigeria, but still went ahead to introduce eNaira which they claim use blockhchain technology. I don't think they know what they want. The best the CBN could do for Nigerians is to create an eDollar wallet where everyone will have access to forex without going to bank or bureau de change. This is how I think it should work:
1. You download the eDollar wallet and register.
2. Fund your eDollar wallet with Naira from your Naira bank account. Upon funding this eDollar wallet with Naira, your Naira automatically converts to dollars based on the CBN rate, which you can use to do do international transactions.
With this, there won't be any bureau de change or Aboki Fx to speculate the dollar price. The reason being that only the CBN will have control over the rate because the eDollar wallet belongs to them. Also, they will be able to monitor every dollar that goes out of this country for international transactions. There will also be a daily limit to the amount you can transact or transfer. Terrorists can be put under watch as there should be a law banning physical dollars in the circulation. Let all dollar transactions go through CBN eDollar wallet. In my opinion, I think the bereau de change will be out of business, the commercial banks will be boycotted and won't be able to cheat customers, speculators will not have anything to speculate and there will be one common dollar price.

Lalasticlala
Mynd44
Supermod, pls move to the front page for our CBN to see.

Liverpool Never Walk Alone, Dem Drag Man Utd For Ground

Bad Day Devil (Red Devils) Drink Water: Ojo Buruku Esu Gbomimu

I swear, Liverpool Too Get Liver, Na Old Trafford Dem Dey Do Training For Their Next Match

See what we go through daily in a place we call our country. My heart bleeds watching this. And the government will want people to be patriotic and stop talking about secession. Our leaders should know that patriotism cannot be forced, it is free will in a form of reciprocity to the kindness shown to the citizens by their government. This act further makes me lose hope in this incompatibly amalgamated geographical space we falsely call a nation. I spit on the Nigeria police. I am in my house come and arrest me. I have no apology.

https://www.facebook.com/vanguardngr/videos/3145168615716882/?app=fbl

Good of you Yele.

Kylekent59:
That's one of the wonderful works of nature. It could be that a black male goat copulated with it.

I thought as much.

My brown goat just gave birth to a black Kkd now. Next Friday is the naming ceremony. The venue and time will be communicated later. LOL

This accident happened to a Keke in my front on my way to work this morning. One woman's foot and that of her little son' foot were seriously injured. I feel for them, involving in an accident while going to look for what to eat.

No location, no price.

SarkinYarki:


you see why Dem ban you 10 years ? Your way no pure and your blood too dey hot

Lol, u no get chill at all. I can see you are a warrior. Ur monica says it all.

SarkinYarki:


Just tell us it's u na

If I say it's me nko, wet in go happen?

My friend's Nairaland account was banned since maybe last year or thereabouts. He was banned for 8 years. He wasn't bothered about it until yesterday when Instagram, Facebook and Whatsapp we're down. He switched to Nairaland, but all he could do was to read but couldn't comments. That was when he contacted me to help him beg Uncle Seun the Super Mod to pls lift the 8 years embargo on his account and unban him, so that he can comment like all others. His username is tayomohammed

All Nairalanders, pls help us beg Our Nairaland Mark Zuckerberg

Pls say something else. Freelancing is not for someone that needs money to survive now now. Especially that yeye Fiverr, na u go vex abandon the account when u no get client in 3 months.

FIRS should not bother building any office in the South West again. This time next year, FIRS is six feet beneath the ground.

Haaaaa! Your bank must get hand inside. Since u deactivated ur card and debit not authorized by u still took place.

Golden Down or Gun Them Down?

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