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Rehabilitate infrastructure to create jobs, Experts tell FG – News Agency of Nigeria

Rehabilitate infrastructure to create jobs, Experts tell FG – News Agency of Nigeria


Nigeria invests on infrastructure

By Chinyere Joel-Nwokeoma/Sandra Umeh

Some financial experts have urged  the Federal Government to pursue policies that would accelerate infrastructural rehabilitation and development as well as help tackle rising unemployment and population.

The experts made the appeal in separate interviews with told the News Agency of Nigeria (NAN) in Lagos.

They were reacting to the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele’s statement on May 22, that the country risked sliding back into recession if spiraling unemployment rate was not checked.

Emeifelee also said that the country’s economic growth was not growing at par with its population growth.

The CBN Governor, who spoke at the third Eminent Lecture Series of the University of Benin, said recent projection by the International Monetary Fund (IMF)  that Nigeria would become the third most populated country after China and India should be taken seriously.

Prof. Sheriffdeen Tella, Professor of Economics, Olabisi Onabanjo University Ago-Iwoye, Ogun said that government must ensure quick passage of yearly budget and timely release of funds to accelerate infrastructural and other developments.

“The economy has not been growing as fast as it should be and no thanks to the tight money policy of the CBN and persistent delay in budget approval by the outgoing legislature.

“When an economy is coming out of recession, reflating the economy through directing credit to the real sector, particularly agriculture and manufacturing is essential,” Tella told NAN.

He stressed that the Bank of Industry and Agriculture must be empowered to perform their duties in ensuring credit flow to the real sector.

Tella said that government should redirect its focus by empowering the real sector, noting that real sector contributions would accelerate economic growth.

On population control, he said that government needed to revitalise education sector to reduce illiteracy in the country.

“We have to improve on the level of literacy as literate people know the importance of small family size to enjoy some quality standard of living.

“Poor people see large family as God’s compensation for their poverty.

“Also, rapid electricity supply in the rural areas through solar technology can keep the rural people awake for large part of nights by watching television programmes,” he said.

Tella explained that affordable and quality education and employment are of essence to curb rapid population growth, adding that no amount of legislation or use of contraceptives can solve the problem.

“The country can use tax reduction to generate employment and still earn the same amount or more from personal income tax.

“There is the need for planning the future of Nigeria going into the next decade,” Tella said.

Mr Sola Oni, a chartered stockbroker and Chief Executive Officer, Sofunix Investment and Communications, lamented over the country’s increasing unemployment rate.

“Unemployment in Nigeria is growing in leaps and bounds. At present, unemployment rate is conservatively hovering around 23 percent.

“If government tackles unemployment, particularly among the youths, it will have a multiplier effects of reducing insecurity. The way forward is not rocket science,” Oni said.

He urged government to create an enabling environment for business opportunities to thrive.

“Most of the existing companies are operating below c

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Hospitality Management Interns from Philippines Interview – FHD 4K – asiatraveltips

Hospitality Management Interns from Philippines Interview – FHD 4K – asiatraveltips


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Am 25.05.2019 veröffentlicht

Interview with Mia Danielee L. Leonoras about hospitality industry and interns from Philippines. Into to be expanded soon.




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Another wild night at Bowman Gray – WXII 12 News

Another wild night at Bowman Gray – WXII 12 News


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Nat’l Guard Members Share Meal With Families 7K Miles Way – WCCO – CBS Minnesota

Nat’l Guard Members Share Meal With Families 7K Miles Way – WCCO – CBS Minnesota







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Am 25.05.2019 veröffentlicht

Dozens of restaurants and other sponsors hosted two steak dinners at the same time, one in St. Paul and one in Kuwait, Katie Steiner reports (1:57). WCCO 4 News At 6 – May 25, 2019

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Austin teens modify toys for kids with disabilities – KVUE

Austin teens modify toys for kids with disabilities – KVUE







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Am 25.05.2019 veröffentlicht

Local high school students are hoping to change the world by giving children with disabilities the opportunity to just be kids.

STORY:https://www.kvue.com/article/life/hea…

KVUE is Austin’s ABC affiliate station and has been delivering local news for Central Texans since 1971. Today it is owned by TEGNA, Inc., which reaches approximately one-third of all television households in America.http://www.kvue.com

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BJD Will FF take three seats? – Anglo Celt

BJD Will FF take three seats? – Anglo Celt


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Am 25.05.2019 veröffentlicht

Shane P O’Reilly reflects on a tough campaign.




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Facebook to Launch Cryptocurrency In 2020 – deythere

Facebook to Launch Cryptocurrency In 2020 – deythere


Facebook is finalizing plans of launching its own cryptocurrency in 2020 with the pilot set up of the digital payment system to be rolled out in several countries.

Facebook wants to begin testing the cryptocurrency, dubbedGlobalCoinby the end of 2019 and is expected to reveal its plans in detail later this year.

According to Facebook’s CEO,Mark Zuckerberg, he met the governor ofBank of England, Mark Carney in April to discuss the risks and opportunities involved in launching a cryptocurrency. Zuckerberg has also sought expert advice on operational and regulatory issues from officials at the US Treasury.

READ:Why Countries Devalue Their Currency

Consequently, Facebook is in talks with money transfer companies like Western Union as it finds cheaper and faster ways for people without a bank account to send and receive money.

How Will Facebook’s GlobalCoin Work?

Facebook’s cryptocurrency is aimed at providing secure ways of making payments regardless of whether one has a bank account or not. The company is hoping for a major disruption of the existing networks and is looking to disintegrate financial barriers competing with other financial institutions and cutting down on the consumer costs.

With inception form a foundation nicknamed Project Libra, Facebook will partner with banks and brokers that will allow users to change dollars and other international currencies into its digital coins.

A small group of co-founders is expected to launch the Swiss-based association in the coming weeks.

Meanwhile, there are reports that Facebook is also holding talks with several e-commerce merchants to accept the currency as a form of payment in return for lower transactional fees. But amidst challenges the company faces in terms of personal data security, Facebook hopes it will be a success.

SEE : Meet Esther Okade, 10-Year-Old British-Nigerian Maths Genius

It is believed that Facebook and its partners want to prevent wild swings in the coin’s value by pegging it to a basket of established currencies, including the US dollar, euro, and Japanese yen.

This will be the second time Facebook is trying a digital currency. In 2009, the firm introduced Facebook Credits, a virtual currency that enabled people to purchase items in apps on the social networking site, but ended the project after less than two years after it failed to progress.

Nonetheless, the new cryptocurrency might gain traction longer as soon as Facebook is done with navigating a myriad of regulations in the countries it will launch the product and when the reception among the people is positive.

RELATED :Facebook Restricts Use of Live Streaming Feature to Curb Online Violence

Also, whether Facebook’s cryptocurrency, GlobalCoin works is largely dependent onBlockchain technology. This is the technology that underpins digital currencies and it helps save time and the cost of sending money borders by bypassing banking networks. Currently, around 30 million people worldwide use crypto-currencies. With Facebook claiming about 2.4 billion users every month, GlobaCoin could just be one hell of historical success.

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