Secondly, I fully appreciate the strong position of the CBN, the Securities Exchange Commission , and some of the anti-corruption agencies on the possible abuses of cryptocurrencies and their other well-articulated concerns. But I believe that their position should be the subject of further reflection.
It should be thoughtful and knowledge-based regulation, not prohibition, in my view. The point I am making is that some of the exciting developments we see call for prudence and care in adopting them and this has been very well articulated by our regulatory authorities, but we must act with knowledge and not fear.
As we increase investment in all these areas, we must also pay attention to skills. The CEO of Apple Corporation, several years ago, pointed out that the reason his company makes iPhones in China is not because of the cheap labour there, but rather because of the concentration of high-level skills in that country.
Given the size of our population, we cannot afford the luxury of pilot projects. We should design our interventions very carefully and then go big. This is the way our financial institutions must also think in terms of supporting government projects. The truth is that the task of national development requires that we fire on all cylinders. We simply have to think big and ensure that we develop the capacity to implement the big things and projects on scale. After all, at one stage, China was building 1.9 million housing units per year over a number of years.
I hate hearing this kind of statements from people in power. It sounds more like a complain than a strategy. Please, ProfOsinbajo you are the government that would do dat you are suggesting. So, what we want to hear, feel is 'we have made our finance system more forward-looking'
Is it not the forward looking leader that will channel the course of moving forward? Where is that leader in this present regime? Busy sleeping in Aso Rock.
All na fraud
Factory setting
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