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Bearish Trends for Stepn (GMT) and Chiliz (CHZ), Pomerdoge (POMD) as Upward Trajectory Continues

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Per current developments in the crypto landscape, Stepn (GMT) and Chiliz (CHZ) continue downward trends, while Pomerdoge (POMD) continues its bullish climb. These contrasting trajectories suggest why Pomerdoge is experiencing a massive influx of investors.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Stepn (GMT): Decline Persists in the Move-To-Earn Token

Stepn (GMT) is a blockchain-based lifestyle app with elements of P2E. Its blend of a play-to-earn (P2E) game with a fitness app created a novel concept dubbed “move-to-earn.” Further, by combining NFT features, NFT sneakers will allow users to earn in-game currency while walking, running, or jogging.

Through the above, Stepn has been able to disrupt the fitness market by leveraging the power of blockchain technology. Thanks to its move-to-earn (M2E) model, millions of users are incentivized to lead a healthier lifestyle.

However, the volatility of the crypto market has seen Stepn continue its bearish trajectory. In the past year, it has declined by over 80%, while it has declined by over 20% in the past month. With its price outlook not looking promising considering bearish indicators, Stepn might experience further declines in the future.

Chiliz (CHZ): Bearish Trend Continues

Chiliz (CHZ) is a popular digital asset in the world of sports and entertainment. As a pioneer in this niche, it witnessed immense traction, rising to become the 73rd leading token by market capitalization. Additionally, its fan-based tokens have become a trend in the crypto landscape.

Its value proposition centers around bridging the gap between sports teams, celebrities, and their fans through blockchain technology. Chiliz has also partnered with some of the biggest sporting institutions in the world. By purchasing the Chiliz token, fans can own stakes in their favorite clubs and participate in club-related decisions.

However, just like Stepn, Chiliz has also been in decline. Since the end of 2022, it has witnessed a gradual decline in its price. This has created concerns over its near-term and long-term viability, with investors opting for promising alternative investments.

Pomerdoge (POMD): Huge Participation Propels Bullish Trajectory

Contrary to the bearish trends in Stepn and Chiliz, Pomerdoge continues its upward trajectory. Its upcoming play-to-earn (P2E) game and vibrant ecosystem have caught the attention of investors and enthusiasts. This, in turn, has resulted in more than $3.7 million raised in its presale so far, which is proof of its impending adoption and explosive growth.

Within its ecosystem will be a thrilling P2E game called Pomergame, Pomerplace, a marketplace and a rare NFT collection. To complete this ecosystem, there is the $POMD token, which will be the in-game currency. It will also be the token used for all transactions within the ecosystem.

Its much-anticipated blockchain-based game will connect players globally and allow interaction and a fun gaming experience while earning tokens and rewards. Additionally, its gaming marketplace will allow players to buy and sell unique items they collect while playing the game.

On the other hand, the gaming arena will be where players can battle against other users, with the winners taking it all. Further, its NFT feature is evident in its collection. It comprises 7,777 digital collectibles available only to presale token holders.

The POMD token presale is ongoing and represents a compelling investment opportunity. At its current price of $0.0165, analysts forecast it will rally by 50x before the end of the year. Hence, it is an investment opportunity not to be missed.

Find out more about the Pomerdoge (POMD) Presale Today:

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

The Epistemology of Obasanjo’s “E Dide E Joko” Royal Conundrum

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The recent incident at a government function in Oyo State, Nigeria, where former President Chief Olusegun Obasanjo ordered a group of traditional rulers, known as Obas in Yorubaland, to stand up and sit down (e dide e joko) in respect for the state’s governor, has sparked a heated debate.

Chief Obasanjo’s perspective, rooted in his belief that traditional rulers should greet presidents and governors as a sign of respect and a way to preserve Yoruba culture, has ignited strong reactions, particularly from the Yoruba people. This incident brings to light a complex epistemological question: What does “E Dide E Joko” truly signify in the context of Yoruba culture and governance?

The Cultural Significance

Obasanjo greeting Ooni

“E Dide E Joko” is not merely a phrase; it carries a profound cultural significance in Yoruba society. It encapsulates the essence of respect and hierarchy deeply ingrained in Yoruba traditions. Traditionally, this gesture is a mark of deference from a subordinate to a superior, acknowledging their authority and status. It is a display of honor, acknowledging that the person being greeted holds a position of power, knowledge, or authority that deserves reverence.

However, the recent incident challenges the conventional understanding of this gesture. Chief Obasanjo’s viewpoint asserts that traditional rulers should extend this form of respect to presidents and governors because of their elevated positions in contemporary governance. It raises the question: Can cultural practices evolve to adapt to changing societal structures and values without losing their essence?

Preservation of Yoruba Culture

Chief Obasanjo’s argument for extending the “E Dide E Joko” gesture to presidents and governors hinges on the preservation of Yoruba culture. He contends that adapting traditions to modern realities can ensure their continuity. However, this perspective is met with resistance, particularly from those who believe that the act diminishes the sanctity and authority of traditional rulers.

Epistemologically, this debate prompts us to explore the fluid nature of culture and how it interacts with evolving societal norms. Can culture, which is often considered a repository of tradition, adapt without diluting its core principles? How do we balance the need to preserve cultural heritage with the demands of contemporary governance and societal values?

Respect and Reciprocity

The “E Dide E Joko” incident also raises questions about the reciprocity of respect. While Chief Obasanjo emphasizes that traditional rulers should extend greetings to presidents and governors, there is an equally valid argument that those in positions of political power should reciprocate by respecting the traditional institution. This reciprocity is essential to maintain a harmonious balance between traditional and contemporary governance structures.

Obasanjo greeting Olowu of Owu in Ogun State

The “E Dide E Joko” incident serves as a thought-provoking case study in the epistemology of cultural practices. It challenges us to contemplate how deeply rooted traditions can adapt to modern realities without losing their essence. It also underscores the importance of reciprocity and respect in the coexistence of traditional and contemporary governance structures. Ultimately, the resolution of this cultural conundrum requires a nuanced understanding of Yoruba culture, a willingness to engage in dialogue, and a collective effort to strike a balance between preserving tradition and adapting to the ever-changing dynamics of society.

When BBNaija Destroys Brands [video]

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I am not sure HFM is spending its advertising budget smartly. How do you associate yourself with these contestants who seem not to have passed through secondary schools in Nigeria? I mean are you telling me that CAC, NAFDAC, Appeal Court, etc are esoteric for any graduate with courses like GST 201 (Nigerian Culture and African Development), GST 103 (Humanities), GST Nigeria and Political Economy, etc which remain compulsory irrespective of the field of student in our universities?
 
How did they even pass Social Science in Junior Secondary School because JSSCE tests on these basic things?
 
I am truly flummoxed that we have men and women with “businesses” who do not know where the companies are registered. BBNaija has its business model but brands should be careful!

 
*using FUTO codes those days

Nigeria Should Promote Heliculture alongside Grain Production in Its Agricultural Development Plan

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It is interesting to know that the Nigerian Government has pledged an increased agricultural investment towards accelerating agricultural production, especially the production and processing of grains in the country. However, beyond production of grains such as maize and rice which constitute the staple of many Nigerians, meat and protein production also plays a critical role in meeting the dietary or nutritional needs of the people.

A part of the meat production business which has a huge value chain but remains largely untapped in Nigeria is snail farming. Snail is a member of the mollusc family that is generally known for its dietary and nutritional value. However, snail is also a source of raw materials to the non-food industries, particularly the cosmetic and pharmaceutical businesses. The practice of rearing snails for consumption and commercial purposes is called Heliculture and is common in Europe and some parts of the Mediterranean region.

The global consumption of snails increased astronomically in 2014 and the global market value of heliculture reportedly reached 12 Billion US Dollars per annum that year. About 15 percent of the total snails consumed globally are collected from the snail breeding units and the remaining 85 percent are collected from nature in poor countries where hunting and animal picking is common. Countries such as Spain, Morocco, China, France and Italy have the highest per capital consumption of snails.

Helix Aspersa, the compound snail species, which is commonly found in Europe constitutes the biggest in the international market with about 80 percent of the market share due to its high quality meat and slime. Other known species such as, Archatina fulica, archatina marginata, achatina achartina are largely found in the African region.

The interesting thing about snail is that every component of the animal is economically important. The snail flesh is a source of protein to individuals. The snail shell is used as a calcium supplement for livestock feeds and has medicinal value. Also the mucus secreted by the snail is of high value for spar treatment and the production of cosmetics.

Snail farming should be a reputable source of national wealth in the Nigeria’s agricultural ecosystem. However, an analysis of snail production and consumption in Nigeria shows a grossly untapped market despite a large deposit of the African giant snails in the country.

The snail supply chain in Nigeria has been highly fragmented and the business has been mainly funded through personal savings or soft loans from cooperative society. In snail farming, the cost of labour constitutes the largest component of the production cost unlike other sources of protein such as poultry where the feed is the most expensive input.

The underperformance of snail business in Nigeria has been mostly attributed to high level of illiteracy, the disorganised nature of the market, lack of technical know-how and poor access to finance etc.

There is also a deficit of information among the people about the huge potentials of snails. Most consumers of snail consume only the meat while the shell and the slime are often considered as wastes. Even the snail meat is keenly underselling compared to other animal sources of proteins like fish, birds, beef, pork etc. More so, there are a few experts of Heliculture in the country to service the local markets. The cost of travelling oversees to acquire training in snail farming and snail farm management may be a great setback to local farmers.

In spite of its challenges, snail farming has a great potential in Nigeria. Apart from the fact that the country has a favourable weather condition for snail farming, there is also high presence of fruit and leafy vegetables that could serve as snail feeds and habitats with a relatively low cost of labour.

Nigeria has a population of over 200 Million people, 30 percent of whom depend on Agriculture as a means of livelihood. It is believed that Heliculture has a huge potential to contribute meaningfully to Nigeria’s economy due to its capacity for high backward-linkage which has been largely tapped in other countries of the world, especially in Europe and America.

Therefore, the Nigerian Government is being nudged to look in the direction of heliculture, and channel resources toward creating an enabling environment for professionals in the industry as well as promoting needed trainings and knowledge in the field. More specifically, the government can encourage access to specialized funding for snail farmers and give tax relief to snail processors.

Guidance Provisions On Regulatory Preparedness For The Licensing/Access To Covid-19 Vaccines in Nigeria

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Notable Guidance Provisions on Regulatory Preparedness For Licensing/Access To COVID-19 Vaccines in Nigeria

The year 2020 witnessed an outbreak of a deadly respiratory disease caused by a novel coronavirus. The virus was named the “severe acute respiratory syndrome coronavirus 2” (SARS-CoV-2) and the disease it caused was named the “Coronavirus Disease 2019” (COVID-19) which claimed several lives when the disease finally got to Nigeria.

On the 11th of March,2020,the World Health Organization (WHO) declared the COVID- 19 outbreak as a pandemic.

The SARS-CoV-2 pandemic presents an extraordinary challenge to global health. There were at the time of its emergence no licensed vaccines to prevent COVID-19. 

Commercial vaccine manufacturers and other entities later developed COVID-19 vaccine candidates using different technologies including RNA, DNA, protein, and viral vectored vaccines.

These Guidance notes forming the focus of this article released by the National Agency For Food and Drug Administration and Control (NAFDAC) aimed at preventing a recurrence of the disease unanswered by a coherent vaccine policy,provided applicants and vaccine manufacturers with:

-Guidance regarding regulatory pathways for approving COVID-19 vaccines;

– The regulatory considerations to take into account when evaluating the quality, safety and efficacy of candidate vaccines;

– Guidance on effective post-marketing surveillance of COVID-19 vaccines.

The Guidelines were developed in the context of the Pandemic COVID-19 Preparedness Framework for regulatory capacity-building and strengthening of pandemic preparedness and response and will be looked at here in detail.

What is the purpose and scope of the NAFDAC Covid-19 Vaccine Guidance notes?

-This regulation provides guidance on the regulatory oversight of COVID-19 vaccines for use in public health emergencies.

-This guidance is aimed to prepare and put in place a regulatory process for COVID-19 vaccines in advance of vaccines that are being developed for that purpose. Such a process would enable NAFDAC to expedite the provision of marketing authorization and lot release of COVID-19 vaccines in response to this pandemic emergency.

– The document specifically provides the general principles for evaluating COVID-19 vaccines and establishing basic emergency procedures for regulating COVID-19 vaccines. A strong emphasis is placed on the decision making processes that have been put in place which minimize duplication and make much-needed vaccines available for use without unnecessary delay during pandemic emergencies.

Other relevant NAFDAC vaccine guidelines should also be consulted as appropriate.

What are the general considerations for regulatory preparedness for COVID-19 vaccines as highlighted in the NAFDAC guidance note?

-The guidance provides for a risk-based approach that: 

(a) enables a more flexible response to different scenarios; and 

(b) uses a simplified pandemic phase structure (pandemic and post pandemic) phases.

-NAFDAC has reviewed the options available during this public health emergency and has chosen the appropriate procedures to fit the situation. 

-The emergency procedures include processes for ensuring information management, effective communication and cooperation between different directorates of the Agency and relevant stakeholders such as public health authorities.

– Plans were developed to address the need for official communication from NAFDAC relevant to specific audiences – such as the public, healthcare workers, national and subnational authorities and international collaborators when needed.

-Existing communication and information-sharing systems will be used.

-The submission of a Risk-management plan which is part of marketing authorization to monitor the safety and efficacy of COVID-19 vaccines used during a pandemic is necessary.

What are the provisions of the guidelines regarding considerations for national regulatory preparedness?

NAFDAC is responsible for developing the following procedures and plans to support future national pandemic COVID-19 preparedness plans and vaccine deployment plans:

i) Suitable regulatory pathways for COVID-19 vaccines during the emergency;

ii) Appropriate vaccine lot release procedures for emergency use;

iii) Post-marketing safety surveillance plans.

-NAFDAC’s preparedness procedures for facilitating the rapid availability of COVID-19 vaccines include:

a).Designated contact point for communications with WHO and other stakeholders on public health/regulatory issues;

b).Allocation of resources to be used when this pandemic alert was declared by WHO;

c). A public risk-communications plan summarizing the basis for decision-making;

d). An existing National Advisory Committee on Vaccines and Biologics (NACVB) for COVID-19 vaccines that:

1.) Include appropriate regulatory and programmatic expertise;

2.) Prepare procedures for evaluation of applications for COVID-19 vaccine;

3) Define the dossier and supporting documents needed for evaluation;

4.)Evaluate and recommend marketing authorization of suitable vaccines to the agency; and 

5.) Procedures for interactions (including discussion of options for appropriate sources of vaccine) with the public health agencies that will procure, deploy and administer the vaccines;

6.) A system to accelerate the licensure and lot release of COVID-19 vaccine including recognition of the decisions, or reliance upon the expertise, of supporting NRAs, and the optimizing of available resources in response to the pandemic;

What are the provisions of the guidelines regarding procedures and requirements for lot release of COVID-

19 vaccines by the agency during emergency situations?

The following steps are included in the regulatory preparedness procedures:

– A working procedure for marketing authorization of COVID-19 vaccine.

– Preparation of a template emergency risk–benefit consideration and assessment report;

– A procedure for emergency approval of the NRA recommendation, as appropriate;

– A process to expedite marketing authorization through the WHO collaborative procedure for prequalified vaccines, when appropriate;

– Preparation of an outline post-marketing surveillance plan which includes special provisions for post- marketing surveillance of the COVID-19 vaccine in use. 

What are the provisions of the guidelines on reliance on the decisions and expertise of other regulatory authorities?

-Mechanisms have been put in place to consider reliance on the product evaluation decisions made by other NRAs in vaccine-producing countries. 

-NAFDAC has established mechanisms and procedures for recognizing the marketing authorization decisions of the NRA of the country producing the vaccine, or of other NRAs with WHO ML 3 and above as appropriate, when considering the licensing of a COVID-19 vaccine. The Agency may rely on the assessment report of such NRAs.

What do the guidelines say on emergency approvals?

-During the pandemic period, the guidelines provide that emergency approval procedures may be used.

 -Approval may be based upon limited clinical data or quality data (for example, on stability) and upon expedited evaluation of the available evidence. 

-Therefore, the approval may include one or more special conditions for use. 

– These can include post-marketing safety reporting requirements, and limitations such as:

a). Use only during the pandemic period.

b).Use only by certain agencies.

c).Use only in certain listed groups at high risk .

What do the guidelines say concerning traceability?

-Mechanisms have been put in place to ensure that effective traceability solutions can be deployed to support the distribution of a COVID-19 vaccine.

-Applicants are therefore expected to deploy Serialisation Technology which are based on proven international global standards. This will enable the achievement of safe and effective distribution and delivery of COVID-19 vaccines.

-The Technology will also ensure that falsified products can be easily detected along the supply chain and also facilitate the conduct of activepost marketing surveillance and pharmacovigilance activities of the COVID-19 vaccines. 

What do the guidelines say about quality control preparedness?

-Lot release and quality control of COVID-19 vaccines will be handled by the National Control Laboratory for Vaccines and other Biologicals (NCLVB).

-Vaccines should be produced in compliance with GMP and tested for quality and safety by the vaccine manufacturer. 

– Such vaccines should also be subjected to quality control testing (with certificate of analysis issued) and released by the responsible NCL in accordance with the WHO’s Guidelines for independent lot release of vaccines by regulatory authorities (and should be accompanied by a lot release certificate). 

– For vaccines supplied through United Nations agencies further release by the NCLVB shall not be performed because such products are prequalified by WHO and released by the responsible NRA/NCL. 

– Likewise, WHO prequalified vaccines are normally released by the responsible NRA/NCL and as such will not be subjected to further lot release. The lot release certificate of the responsible NRA/NCL of the producing country shall be duly recognized.

-For non-WHO-prequalified COVID-19 vaccines, the NCLVB of NAFDAC will conduct lot release. The need for further Laboratory testing will be determined on a case by case bases guided by outcomes of risk-based assessment.

-The procedures adopted shall be to ensure the deployment of vaccines without undue delay.