HI GUEST...! YOU ARE WELCOME TO TIMELOADED MEDIA INC™ 🌍
Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business » Timeloaded Media

NAIJA NEWS | SPORTS | GOSSIPS | SO SAD! | JOB VACANCY LIVE MATCH | TECH |SCHOOL NEWS | FREE BEAT


DO YOU WANT TO TALK TO US...? CONTACT US BELOW.

☎️ 08100739036 WHATSAPP

Join Our Whatsapp Group

Audiomack Streams

Buy your Crypto Currency

SocialBooster Panel

  CLICK HERE TO PROMOTE YOUR SONG


PUT ME HERE
Burna Boy
Davido
Wizkid
Naira Marley
Olamide
Tiwa Savage
Rema
Teni
Kizz Daniel
Zlatan
Tekno
Phyno
Yemi Alade

« | »

Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business

Posted By on February 6, 2021 0


Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business

 

Former Vice-President Atiku Abubakar: makes an appeal for cryptocurrency

Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday.

In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown.

“This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

“It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown”, he said.

The statement referenced the declining inflow of foreign capital into Nigeria from $23.9b in 2019 to $9.68b in 2020 and said the economy needs an expansion, rather than a contraction.

ALSO CHECK:-  Primate Ayodele: Buhari Will Dump Tinubu In 2023

Read the full statement:

We Need To Open Up Our Economy, Not Close It

The number one challenge facing Nigeria is youth unemployment. In fact, it is not a challenge, it is an emergency. It affects our economy, and is exacerbating insecurity in the nation.

What Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy, especially after today’s report by the National Bureau of Statistics indicated that foreign capital inflow into Nigeria is at a four year low, having plummeted from $23.9 billion in 2019, to just $9.68 billion in 2020.

Already, the nation suffered severe economic losses from the border closure, and the effects of the #COVID19 pandemic.

ALSO CHECK:-  How A Brave Nigerian Soldier Died While Trying To Rescue Nursing Mother From Bandits In Katsina

This is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option, than an outright shutdown.

There is already immense economic pressure on our youths. It must be the job of the government, therefore, to reduce that pressure, rather than adding to it.

We must create jobs in Nigeria. We must expand the economy. We must remove every impediment towards investments. We owe the Nigerian people that much.

Source:- PM News

TMA2021

socialbooster

Buy your Crypto Currency

Join Our Whatsapp Group

SEE RELATED POST👇



No Comments Yet Drop a Comment

Drop your Comment



« | »

Looking for something? Search below