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CBN as Pivot of Buhari s Economic Diversification Policy
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Emefiele at CBN: Preserving Today, Protecting the future
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Buhari, Emefiele spark Nigeria’s rice revolution
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By Jackson Ugbechie
The recent celebration of the 5th anniversary of the Anchor Borrowers Programme, ABP, in Kebbi State by the Federal Government spearheaded by the Governor of Central Bank of Nigeria, CBN, Mr Godwin Emefiele, was a breath of fresh air. President Muhammadu Buhari must have gushed with joy by reason of the event witnessed by many governors and members of the international community.
A major component of the anniversary was the launch of the 2020 wet season harvest aggregation and 2021 dry season input distribution under the CBN-Rice Farmers Association of Nigeria, RIFAN, Anchor Borrowers Programme.
Buhari, Emefiele and Nigeria s Rice Revolution
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The ban on digital currency is in order, argues Jackson Ugbechie
Nigeria’s reserve bank, Central Bank of Nigeria (CBN), has at last taken a decisive position on the 11-year-old digital currency now a subject of dispute around the world. Cryptocurrency is a form of digital currency (money) which operates independent of third-party oversight or regulation. This insulates it from regulation by banks or governments. It has no value, it’s not a legal tender by its nature, like the naira or dollar. It’s dodgy and does not lend itself to regulation. Put simply, it renders traditional banks including central banks (regulators) useless. And it’s difficult to tax.