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Although Nigeria is older than its official age, whenever I argue about this, people shut me down by saying our age should only be counted from when Nigeria gained independence in 1960. Yes, we celebrate Independence Day, but truly, our growth and maturity as a nation do not yet correspond with our years.
Over the decades, Nigeria has seen both progress and setbacks. Today, we can say there has been some improvement: technology has advanced compared to the past, and our population has grown significantly. The inflation rate has reduced slightly, though prices of goods are still high for the common man. A new tax policy is being introduced, and recently we adopted a new national anthem. The present government is putting in effort to stabilize things, but governing a nation of over 200 million people is never easy.
I also learned that for many years, big digital companies like Instagram, Facebook, Twitter, and TikTok operated freely in Nigeria without paying taxes. Now, under the Tinubu administration, they are mandated to pay tax. New Increment of comapny tax and Vat. This has helped to boost national revenue, and as a result, Nigeria souce of inocome is not only on crude oil state allocations have increased significantly. This is a positive step, but more needs to be done to ensure the money is used transparently for the benefit of the people.
Yet, one area where our leaders have failed us, and it pains me deeply, is the issue of insecurity. Many farmers cannot go to their farms, and travelers live in fear on our highways. Families are broken, and dreams are cut short. How long will it take for our leaders to tackle this head on? Until security is restored, no amount of economic policy will truly bring relief to the common citizen.
Another big challenge is our trade imbalance; our importation still outweighs our exportation. Which has negative impact on our economy because local industries suffer the set back and farmers cannot longer realise their input from their output as result of importation.
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Everything in life has two sides, and the same applies to technology. It can be used in both positive and negative ways. Every AI site or app usually includes instructions stating that it must not be used to promote criminal or harmful activities. Therefore, it is not the fault of the developers if someone decides to misuse AI for fraud. The intention of developers is for AI to reduce stress, improve efficiency, and promote effectiveness.
My suggestion is that there should be campaigns and public orientation on how to use this new invention responsibly. In schools, students should also be educated on the positive ways to use AI. God gives wisdom and resources, yet some people choose to misuse them for evil; that is simply how life is. But we cannot say that because some people use AI for criminal activities, it should be banned entirely.
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I would like to sincerely appreciate the O.P and the Bitcointalk Naija community for this wonderful initiative. More power to your efforts. I am delighted to participate in this contest, even though this is my first time doing so. The fruits I used include: Tiger nut Dobinu Pawpaw Watermelon Carrot Apple Coconut Honey Garden Egg    |
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I’m highly impressed with this new idea coming to the Bitcointalk Naija board. More grease to the elbows of the organizers; it shows we’ve come a long way with fresh ideas, and this will serve as a mechanism to encourage members to put in more effort. Naija no go carry last!"
It is a blessing to witness Naija at 65, and it is a good idea to celebrate one's nation on this platform.
For the contest it is a must for me to be a contender
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It depends on the country and the people involved. Some African countries have not adopted the dollar as a means of settling debts or payments. In Nigeria, only a few institutions and individuals are into Bitcoin, and most of them see it mainly as an investment or an alternative to beat inflation.
However, Bitcoin can also be used for payments; whether by a country, an individual, or a household; if they choose to recognize it as such. But if they don’t see it in that light, then it cannot work effectively.
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I remember back in school, many engineering students would dismiss economics or entrepreneurship courses, saying they didn’t fit into their curriculum because they were “future engineers.” But with the way Nigeria’s economy keeps changing like a chameleon, it is becoming clear that economics and entrepreneurship are courses everyone needs to study.
When we talk about introducing Bitcoin education in our universities, what we really need is for the Minister of Education and the House of Representatives to pass a bill on it. My brother, it is very possible. In fact, it can be initiated in ICT and Finance departments, because Nigerian students and youths must be carried along with new technologies while gradually moving away from outdated methods. Bitcoin can even be a tool to help beat inflation.
Our leaders only need to be convinced. If they understand that the advantages outweigh the disadvantages, Bitcoin education can be adopted in our schools; from secondary level all the way to universities.
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The advantage I love about Bitcoin is that, unlike the CBN policy which limits the amount an individual or company can transfer abroad daily or monthly, Bitcoin has no such restrictions. In Nigeria, there are strict limits on the amount of money one can transfer both within and outside the country, and these policies are strictly enforced.
For example, someone wanted to make a payment to an institution in Malaysia. We tried using Mastercard and Verve, but it didn’t work until a friend in Malaysia helped make the payment on his behalf. That was when we realized the Nigerian government restricts the amount one can transact with Malaysia in a single day. Bitcoin, however, makes it possible to bypass such barriers.
In addition, A friend of mine has used btcoin to recieved money from abroad several times and it was very simple and fast.
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The news above shows that Nigerian leaders do not care about the masses; their personal interests remain their top priority.
As elected leaders, apart from their salaries, they enjoy free housing, free food, free transportation, free security, and virtually every other need is funded by taxpayers’ money through various allowances.
So, if they are lamenting about an increase in their salaries, what do they expect civil servants who earn just ₦70,000 as minimum wage to do? A civil servant has to buy food, pay rent, pay for transportation, buy drugs, and cater for all family needs from this little income.
It is clear that they do not care. This administration is even the one that triggered the current wave of inflation: removing fuel subsidy, removing education subsidy, increasing VAT, raising taxes, and more. What surprises me the most is that despite all these harsh policies, they continue to borrow more money from the World Bank and China. In fact, this administration’s debt has already doubled that of the Buhari administration.
Where exactly are we heading in Nigeria?
Why can’t they think about the masses?
Why can’t they work on curbing this inflation? If our currency were stable, the amount everyone is earning would be enough.
We all know that when a country depends totally on importation, its currency becomes weak. Why can’t they focus on what our country can export to make our currency stronger?
These are leaders with a shallow orientation about the economy.
Where are we going and how long are we going to continue like this, d
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President Tinubu has serious issues to attend to, not the nonsense he is doing! In Kwara State, in Kwara North, almost 100 people have been killed by bandits, and many have been kidnapped and millions demanded as ransom. In my opinion bloggers just want to use Mohbad's case to have more followers, as well as his dad.
What they are doing is pointless. What most of them are doing to call for justice is not because of the decease but to gain more popularity.
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Today, a lady called me claiming to be a staff of CBN. She said there was a total system upgrade of accounts by commercial banks, which CBN had mandated for all deposit money banks. She claimed she was calling on behalf of Access Bank and told me that my account had some issues that needed to be fixed.
She then said an OTP had been sent to my phone number linked to my account, and I actually saw a few digits appear. I was about to respond when my brother quickly warned me to ignore her; she was only trying to scam me.
My question is this: if it wasn’t a bank staff who revealed my information to them, how did they know I have an account with Access Bank? She even called my full name and recited some account details. It still amazes me till now. How did she get my bank details?
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Since day one, scarce resources have always existed to cater for the unlimited wants of every nation. That is why each nation needs to choose or vote for a leader who is aware of this reality and ready to plan ahead for the next generation.
Unfortunately, in most African nations, leaders are often chosen based on their wealth rather than their experience, economic skills, or strategic vision. Many are elected because of their ability to manipulate the system to attain power.
There is no nation that can achieve its economic goals under very corrupt leadership
Without economic skills and visionary leaders, resources will be mismanaged. Deciding
What to produce, how to produce it, when to produce it and who will benefit from is produced required wisdom and effective managed
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I first heard about Bitcoin shortly after COVID-19. At that time, a friend of mine was involved in it, using the Luno app to buy and resell whenever the price went up. Back then, I thought it was something for people who had enough money; instead of keeping it in the bank for safekeeping, they could use it to buy BTC. The chart on the Luno app made me think it was a Ponzi scheme. Of course, I had heard about Bitcoin earlier, but what could one do when not sure about its future? I eventually got into it in 2023, but I wasn’t aware of this forum until last year.
There is nothing to regret about homie, because that time i was in year 3 and was very broke i cannot afford to buy even small amount even it was not cost as today lets just focus on its future .
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We cannot run away from our problems, no matter how far we go, and foreigners will not come to solve them for us. God will not come down to fix Nigeria’s challenges; it is no longer just about prayers. We have been praying for a long time without seeing results. It seems God has already given us the blueprint and resources to address our problem; we simply need to do the right thing.
The betterment of Nigeria is everyone’s responsibility, not just that of our leaders. Many times, we also contribute to corruption, favouritism, nepotism, and other vices. Change begins with you and me. Foreigners will not clean up Nigeria’s yanmayanma issues unless we take action ourselves.
Let’s unite and do the right things. I believe Nigeria will be great. Stop cursing our country; let us encourage one another to uplift this nation.
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The government shares a significant part of the blame. The Central Bank of Nigeria (CBN) dictates interest rates to all commercial banks and microfinance institutions. Sometimes, when the CBN observes that there is a shortage of money in circulation, it reduces interest rates. Conversely, when there is excess money in circulation, it increases interest rates across all banks. Therefore, the CBN determines the percentage banks charge on loans.
Unfortunately, the government appears indifferent, as long as fintech companies and banks are paying their taxes.
As for the banks, newly employed staff are often assigned to the marketing or loan department. The volume of loans they can disburse often determines their chances of promotion. This is because loans are a major source of profit for banks. These days, banks and fintech companies even sponsor ads on social media to attract loan seekers, confident that with a customer’s BVN (Bank Verification Number), they can trace or track defaulters.
Anyone who takes a loan from a fintech company or a bank and refuses to repay will eventually be forced to pay. I have seen several cases where individuals planning to travel abroad were compelled to settle their debts. Embassies now conduct BVN checks, and I know at least three or four people who were denied travel to the US, UK, and Saudi Arabia until they cleared their outstanding loans. It was painful for them at that point. That’s why it's advisable for everyone to repay whatever they borrow from banks or fintech lenders.
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Thanks for your contributions.
I am actually surprised because I did some research online, and every piece of information I found was tested. I even registered with the platforms I mentioned earlier.
In that case, if the information is no longer valid, it raises the question: why is it still available online if it’s no longer real?
But from the responses and contributions of others, it seems those methods may have worked in the past, until everything changed.
I have taken note of your feedback, and I have updated my understanding accordingly.
Hmmmm. I am still amazed by everyone's response.
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Someone asked me if someone can mine Bitcoin as other cryptocurrencies. I initially said no, but the person seems to be curious; he further askedif it used to be like other cryptocurrencies. I told him I was not sure about it. I have to find out as a learner. I did little research about it. According to the research, one could mine Bitcoin easily before, but it used to be by desktop or laptop, not with an Android phone, as people used to mine other cryptocurrencies like Pi. But now it is very complex. Bitcoin mining requires high energy and the use of special hardware known as ASICs (Application Specific Integrated Circuits), and Bitcoin uses a very strong algorithm (SHA 256) that needs high powered computers to solve complex puzzles and very difficult mathematical problems. According to my findings. Even powerful laptops and phones cannot mine Bitcoin effectively anymore, talk less of phones. It has turned into an industrial level operation thing. Although, There were suggestions that if one wants to earn bitcoin, there are various sites where one can register and begin to earn coins through watching ads, completing surveys, clicking links, etc. https://active-miner.com/app/auth/loginCointiply – https://cointiply.comTimebucks – https://timebucks.comBTCClicks – https://btcclicks.comI know most of us are not sure if we were asked this kind of question. I wish to acknowledge to us that Bitcoin mining is complex compared to other cryptocurrencies but cannot be done with a phone like other cryptocurrencies but can be earned by playing games, clicking on links, or through Bitcoin faucet sites. K |
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I have been trying to fix this issue for almost 11 months now. It started when I was installing the Bybit app on my phone and mistakenly filled in my surname as SINDAY instead of SUNDAY during the biodata setup.
As a result, my Bybit account name doesn’t match my bank account name, and this causes problems whenever I try to use P2P trading.
When I made enquiries, I was advised to log a complaint through the app’s help centre, but the issue has still not been resolved. Friends also suggested I update the app, which I did.
Even though the Bybit app has improved, especially with the addition of an AI-powered help centre. My case seems to be an exception. From what I have seen, it can only be resolved by speaking directly with a live agent.
However, every time I try to contact them, I am told they have many complaints and I should check back later or wait. It feels like my issue is being overlooked, and I honestly don’t know what else to do.
The last time I tried to sell Bitcoin, I had to use my brother’s Bybit account instead.
Can someone please advise me on what steps I can take to fix this issue?
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The USA govt seized 7.5 million illicit crypto accounts from Nigeria and Russia. According to the news, the fraudster scams his victims by requesting them to send money to "false escrow entities" that their fund will use to invest into the oil and gas industry. Assets include a Binance account, 19 BTC, 39 ETC, and over 156 TRX. According to the news, fake accounts were opened by scammers that include different institutions. This scam of a thing is becoming alarming and is ruining our nation. Although, it includes a fraudster from Russia too. My own concern is my nation. It is damaging our noble country's image internationally. It is unfair. Can Nigerians be trusted internationally as they used to be in the 80s anymore? https://gazettengr.com/u-s-govt-confiscates-7-5-million-illicit-crypto-assets-from-nigerian-fraudsters-binance-accounts/ |
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If dey employ me as a moderator or full staff i go do ooo  Everything in this forum is not easy to get merit sef no easy as well as to sum up. I believe everyone should have better source of income and view the forum as means to learn ;Dmore about Btc investment and to stay updated with the latest information on Bitcoin |
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