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How Nigeria Can Fix The Current Economic Paralysis

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Question: With everything that is happening in Nigeria right now, what do you suggest will be a solution?

Ndubuisi: As I noted 12 months ago that floating Naira will destroy Naira and the economy, Nigeria has to return to the old model because Naira is not matured to be floated as we do not have a lot of economic life jackets to help it in the international currency seas. We can pick N1,000/$ as the official exchange and go with it! If the president makes that speech today, the paralysis will calm down.

The biggest challenge today is not that the Naira is exchanging at N1,500 or N1,400 to US$1, the issue is that the volatility will make it impossible for companies to plan and investors to invest. The exchange rate stresses the traders and speculators, but for investors, volatility kills their plans. So, pegging Naira will deal with that volatility at least for contracts to be worked out in boardrooms.

The second thing is energy cost. Nigeria must bring full subsidy for industrial customers even as it allows commercial and residential to pay the full rates. Understand that if we do no deepen the industrial base, the vicious cycle will continue. So, to tame inflation and help companies make things, we need to assist them on energy costs which have gone up significantly. But do not give them money, use rebates so that only REAL industrial customers will benefit.

The president should host a press conference and address the core economic issues including the interest rates. Most companies I know are avoiding taking bank loans because of the rates. The implication is that growth will stall. If the interest rate should remain high, can the government offer manufacturers support via other means? My point here is that Nigeria must find ways to encourage makers to actually go to work, and not just work to pay bank loans. Can we waive some taxes? Can we offer tax rebates? Simply, Nigeria must create incentives for men and women to get back to work.

But first, we need to return to the old regime of a fixed exchange rate which is a sensible thing to do.

Comment on Feed

Nigeria does not have an economic problem; we have a political orthodoxy problem. Mr President knows the right thing to do, but the political dynamics is the issue. If he goes on air and pegs Naira to N1,000/$, about 90% of the issues will go. But doing that will open attacks from the opposition.

The biggest issue in Nigeria today is VOLATILITY because when you have that, FDIs will fade. Exchange rate is for traders and speculators, volatility is what keeps investing planners awake. Official peg will solve that.

I expect things to improve in the next 6 months because something big happened yesterday: the government acknowledged that it did not remove fuel subsidies which is a good sign that it can reverse itself. The next is removing the float. In short, this is a nice time to get into Nigeria because the government is going more pragmatic by reversing itself.

5 Reasons Why you Should Invest In Dogecoin, Raboo and JASMY

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Some new coins and projects in the cryptocurrency market are starting to make waves. Examples include Dogecoin, Raboo and JASMY. All of these three coins pose to be a great investment opportunity, outing smiles on their holders.

Raboo in particular, although it is yet to launch, has already started showing great signs. It has surpassed over $1.6 Million in presale tokens, which is proof that investors are interested in what it has to offer. The meme coin is on a mission to build a community of creatives. Keep reading to learn why you should invest in these three coins.

Dogecoin proves to be a good investment opportunity despite temporary lows

Dogecoin (DOGE) is a top coin with a potential for substantial gains. With a market value of over $22 billion, it’s evident DOGE growth is exponential since it launched. The memecoin has experienced a lot of ups and downs, however, it has generated profits for its investors.

Dogecoin (DOGE) is currently trading at $0.1627 after experiencing a 1.19% rise in the last 24 hours. However, investors are confident that it would come back due to its High liquidity and accessibility. Because Dogecoin is more affordable than other top ten cryptocurrencies, it easily attracts new investors. Additionally it can be kept in various wallets, making it more useful and accessible.

Dogecoin has been integrated into various services and platforms over the years. DOGE makes it possible for users to tip content producers on social networking sites. Dogecoin ticks almost all the boxes of a good investment opportunity.

JASMY Continues on it bullish run

The JASMY coin has been on a continuous bullish run for a long while now. JASMY is currently trading at $0.0387 with 6.75% decrease in the last 24 hours. JASMY provides its users the safety they need to use data online.

Serving as a platform at the nexus of blockchain and IoT, JASMY’s network provides an innovative approach to safe, decentralized data management. Jasmy is establishing a new benchmark for security and privacy in the digital era by giving consumers control over their data and offering an encrypted foundation for Internet of Things devices.

Raboo: New memecoin sees 60% increase in presale

Raboo is an AI backed memecoin, designed from the finest blend of cutting edge technology. It presents itself as not just a token, but the ticket to the future of memes. Raboo delivers true innovation in contrast to most meme currencies that are purely driven by fads in online culture. It is currently in Stage 4 of its presale. Its presale token is selling for $0.0048. Raboo has experienced a 60% increase since its first Stage, proving that investors are interested.

Additionally, users can monetise their social media activities using Raboo’s “Post-to-Earn” program, which adds even more incentives for community involvement and participation. This creative strategy engages people and maintains their active participation in the project.

With a predicted 233% increase during the presale and a potential 100x increase after listing, Raboo is a desirable choice for investors looking to make significant gains. With over 8,000 registered users, safe to say the predictions might come through.

Conclusion

All three coins, Dogecoin, Raboo and Jasmy have proven to be a great investment opportunity. They are all designed to provide solutions to problems, hence their usefulness is unquestionable.

Raboo being the newest of all gives the biggest possible reward. Analysts predict a huge reward for early investors once it launches.

 

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

The Academic Music Festival Begins on Saturday at Tekedia Mini-MBA

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We will begin the live Zoom component of Tekedia Institute Mini-MBA on Saturday.  I will be teaching on innovation, growth and the mission of companies, and how these components are entwined in interdependent relationships, to serve markets and capture value therein. We will have case studies and explain why innovation wins markets. I will introduce how AI systems are changing innovation in the marketplace, connecting to the Symphonic Innovation framework.

Symphonic Innovation is innovation that is not domain-specific, but is anchored on a unified and harmonious approach in the deployment of technology and business components to accelerate productivity gains and cushion competitiveness. With Symphonic Innovation, you do not deploy and launch for blockchain, for example, only to be tripped by AI; you launch with a mindset that these technologies and business components are like extended musical compositions which must be carefully organized to make the orchestra an unforgettable experience.

For the growth of firms, pick a seat for the Zoom link here .

Saturday, June 8, at 7-8.30pm WAT.

After a $6.5M Raise, 5thScape Plans 100+ Games and Animated Content for VR – Invest Now!

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After reaching its $6.5 million funding round recently, 5thScape is set to transform virtual reality in the near future. Under its leader, who has a clear vision of the studio’s future and significant financial backing, the studio is preparing for an organized eruption of ideas to create over one hundred unique games and animated shows for the VR platform.

With each passing moment and as the world waits with bated breath, investors are allowed to be part of this ride toward the new entertainment frontier.

Beyond Playable: Become the Hero, Forge Your Destiny

5thScape opens the doors to a world without limitations, like traditional gaming. Here, you’re not stuck following a set path. Instead, you jump right into the heart of the story and become the main character! Imagine exploring amazing worlds, but you get to make the decisions instead of just watching things happen.

You choose what you do, and that can change the entire story! Want to be a hero? Go for it! Feeling a bit mischievous? You can be a villain, too! With 5thScape, your choices matter, and the story unfolds around you, making every adventure unique and exciting.

>>Click Here To Visit 5thScape Presale Page

This Isn’t replayability; It’s Deeper Engagement

You don’t just play the same story over and over with different options. When you play games, 5thScape gives you the tools and power to feel more connected to the journeys you go on.

Picture a game where you can choose to be good or bad. The story and the world around you would change depending on what you did. But in 5thScape, you don’t just play; you make the rules. In the VR world, you’re kind of like the author of your own exciting adventure story!

Invest in the Future of VR Entertainment: Lucrative Opportunities Await

This shift in VR entertainment isn’t just thrilling for players; it presents a golden opportunity for investors. 5thScape is at the forefront of a revolution in how we consume content.

Their focus on interactive storytelling within VR creates a market unlike anything we’ve seen before. The potential for long-term engagement with these evolving narratives is immense, fostering a loyal user base and consistent revenue streams.

Imagine being part of the next big thing in gaming!

5thScape is creating a new way to experience VR, with tons of unique adventures (over 100!) where your choices matter. Unlike other games, you can be the hero or the villain, and your decisions actually change the story! 5thScape is like having your own personal story writer crafting an adventure just for you, all inside the amazing world of VR.

With a clear vision and strong financial backing, 5thScape will be a VR entertainment leader. This is your chance to be a part of the future of gaming!

How Can Digital Assistive Technology Help Students Enhance Learning

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In today’s tech-driven world, education extends far beyond traditional classroom settings and textbooks. It’s becoming more interactive, accessible, and tailored to individual needs, thanks to digital assistive technology.

Whether it’s software that reads text aloud or apps that help organize thoughts, these tools are changing the game for students everywhere. Now, if you’re tackling a challenging assignment, you can use tech tools to connect with experts and ask them to write me an annotated bibliography in just a few minutes. Picture having a personal assistant ready to step in and help whenever you encounter a challenge in your coursework!

Digital assistive technology improves learning even further; let’s take a look.

Types of Digital Assistive Technology

Assistive technology in education is a broad field, encompassing various tools designed to overcome the barriers that hinder student learning:

  • Text-to-Speech Software. Text-to-speech software converts written materials into audible speech, enabling you to listen to texts rather than read them visually. This is especially helpful for people with visual impairments or other reading difficulties. It’s like having someone read to you while you relax your eyes or multitask.
  • Speech-to-Text Software. Speech-to-text technology is perfect for when you have great ideas but find it tough to get them down on paper. Just speak into your device and watch your words appear in the text. This tool is a lifesaver for students with dysgraphia or anyone who finds typing cumbersome. Plus, it’s a great way to speed up your note-taking in class—just talk and let the tech do the typing.
  • Audiobooks and Digital Texts. Audiobooks and digitally formatted texts provide an alternative way to access literature and textbooks. If you’re an auditory learner or simply prefer listening over reading, these tools can enhance your comprehension and retention of information. Plus, they’re portable, so you can learn on the go—turn your commute into a mini-classroom!
  • Visual Aids. For students who are visually impaired, tools like screen readers and magnifiers can make text larger, clearer, and more navigable. These aids help remove the strain of reading and allow you to focus more on understanding and less on just deciphering what’s on the page.

Benefits of Assistive Technology in Learning

The introduction of assistive technology into the educational sphere has brought numerous benefits.

1.   Enhanced Accessibility

One of the greatest impacts of assistive technology is its ability to make learning materials accessible to everyone, regardless of physical or learning disabilities. This inclusivity ensures every student has the chance to excel and engage fully with their educational pursuits.

2.   Improved Engagement and Motivation

Assistive technology makes learning more engaging through interactive and multimedia elements that keep you hooked. It’s one thing to read about a scientific process; it’s another to watch it in action through an interactive simulation!

3.   Increased Independence

How can digital assistive technology help students in terms of autonomy? It allows you to take control of your own educational journey. You can work independently, use tools that suit your learning style, and become more self-sufficient. This builds your academic skills and confidence as you realize that you can tackle challenges on your own terms.

4.   Support for Diverse Learning Styles

Everyone learns differently, and assistive technology embraces this diversity. By accommodating different learning preferences, it provides custom learning support. For example, by utilizing the top ten essay writing services, students can gain access to expert guidance tailored to their request. These services offer personalized help, from crafting thesis statements to fine-tuning arguments.

Challenges and Considerations

Sometimes, the very technology meant to help can pose challenges. Limited access to the latest technology or fast internet can restrict some users from fully utilizing these digital tools. Plus, glitches and technical issues can make you want to pull your hair out—especially when you’re on a deadline.

Moreover, getting the hang of new tools can be tricky. Without proper training and support, you might feel more frustrated than assisted. Schools and institutions need to provide adequate training for both you and your teachers to make the most out of these technologies.

How Can Digital Assistive Technology Help Students in the Future?

With technology continuously evolving, the horizon is always brimming with possibilities. Artificial intelligence is influential in developing smarter tools that adjust to your specific learning needs and styles. Imagine a program that learns from your study habits and helps you optimize your learning. That sounds pretty cool, right?

As these technologies become more integrated into education, your learning experiences will become even more personalized and accessible. The focus will likely shift towards ensuring all students have equal access to these tools, leveling the playing field in education.

Conclusion

Digital assistive technology isn’t just about making learning easier; it’s about making it possible for everyone. Whether it’s helping you manage your dyslexia with text-to-speech tools or keeping you organized with digital notebooks, these technologies are here to stay—and improve. Stay open to possibilities and fearless when experimenting with new tools!