Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy. The analysts, in separate interviews with newsmen, warned that a sustained policy of printing the currency, if not well managed, would hurt the economy. The concern came on the heels of recent revelation by Governor of Edo State, Mr. Godwin Obaseki, that due to the dwindling revenue in the face of declining oil revenue arising from the growing sources of alternative sustainable energy, the federal government had to print money to augment the amount available for sharing by the federal, state and lo...
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has once again knocked the President of Nigeria, Muhammadu Buhari, over the unsecured state of the country. The popular prophet frowned at the method the government has chosen to fight banditry: negotiating with bandits in order to stop terrorising the ordinary citizens. Ayodele during a live service in his church on Sunday made it known that Nigeria has broken already with the means through which the government is fighting insecurity. He explained that terrorism will continue to grow bigger and tougher in Nigeria because the government has invited terrorism already by negotiating with bandits. He explained that the unity of Nigeria has been broken, and it’s only God that can bring the country back. Ayodele said: “‘Gi...
File Photo The National Assembly plans to make the use of Smart Card Reader compulsory in future elections in Nigeria, a lawmaker has said. The Chairperson of the House Committee on Electoral Matters, Aishatu Dukku, said this at a Joint Public Hearing on “The Bill for an Act to repeal the Electoral Act 2010 (As Amended) and enact the Independent National Electoral Commission (INEC) Act, 2020″, on Wednesday in Abuja. The event was organised by the National Assembly Joint Committee on INEC and Electoral Matters. Ms Dukku said the amendment will affect about 300 clauses in the Act. ” In Section 49 of the Electoral Act 2010 under Use of Ballot Paper, Subsection (1) and (2) are to be amended to read: “A person intending to vote in an election shall present himself with his voter’s card to a pre...
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February. During her rollercoaster ride, bitcoin prices swung from less than $1,000 to nearly $20,000. O’Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally – but said she does not regret that. Investing $2,705 worth of proceeds into her business was better than enduring the stress of daily fluctuations, even though the price has since doubled, she said. “Honestly, I’ve had more luck in Vegas than I’ve had with cryptocurrencies,” O’Dell said in an interview. She is part of a relatively new class of retail investors who joined the cryptocurrency market years ago, helping pro...