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Home Blog Page 45

Nigeria Should Pursue My 25% Budgetary Suggestion on Defence and Law Enforcement

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At a time when it was easy to move around Nigeria without constant concerns over security, I visited more than 100 universities across the country. From Usman Dan Fodio University to OAU Ile-Ife, and of course my alma mater, FUTO, I ran workshops, taught microelectronics programs, and worked closely with faculty to deepen electronics and systems capabilities.

At Usman Dan Fodio University, I collaborated with faculty to help set up an embedded systems lab. I never collected a kobo from any institution. My multiple fellowships at Johns Hopkins University provided sufficient resources to fund the travel and execution of this work. Some of the photos and records from these engagements are available here: https://www.afrit.org/workshops/

One lecture that remains especially memorable was delivered at the Nigerian Defence Academy. In that lecture, I advanced a simple but bold thesis: Nigeria should commit at least 25% of its non-personnel military budget exclusively to Nigerian startups with focus on systems development and production. Had this policy been implemented, Nigeria today could have been a net exporter of military-grade hardware and security technologies. To be clear: defence gadgets, not offence!

Following that lecture, the military leadership invited me to Abuja, where I presented a practical playbook for executing this strategy. (Those days, one was thinking better as a student. These days, kudi, omo and ego cloud the visions!) Unfortunately, the urgency of Nigeria’s day-to-day security challenges made it difficult to pursue long-term structural reforms in a system accustomed to firefighting rather than planning.

Yet my position remains unchanged: Nigeria cannot meaningfully improve its public finances without confronting import substitution in military and law-enforcement procurement. If Nigeria were to earmark just 25% of defence and law-enforcement budgets for local companies and startups, we would immediately see Nigerians working in firms like Raytheon or Lockheed Martin returning home to participate. Even restricting this policy to police and broader law-enforcement equipment, excluding the military, would still generate substantial economic value.

Good People, spending a quarter of defence and law-enforcement budgets locally should not be controversial. It should be national policy because it will create local jobs, reduce costs and build national resilience and knowhow.

Photo: Ndubuisi giving a lecture in NDA, Kaduna

Finsea24.com Reviews: Revolutionizing Your Trading Experience

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The current trading requires speed, transparency and control. Today, traders cannot be satisfied with access to markets only, as they require smart tools, easy execution, and trusted insights. It is in this regard that the Finsea24 trading platform is distinguished. It is based on the needs of new and experienced traders and is designed to facilitate the trading process and at the same time make informed decisions with confidence.

A Platform Built for Today’s Traders

Finsea24 trading platform is user and performance oriented. It is well structured and allows traders to move around markets without being intimidated. Charts are loaded fast, tools readily available and trading execution is smooth. You can be trading in currencies, commodities, or indices but it is all stored under one roof.

Advanced Tools Made Simple

Potent instruments do not necessarily need to be complex. Finsea24 provides analytical capabilities that enable the traders to understand the market. You are able to trace price changes, trend analysis, and key level monitoring without having to switch screens.

The platform supports:

  • Real-time market data
  • Clear charting tools
  • Multiple timeframes for analysis
  • Easy order placement and management

These features help traders focus on strategy instead of technical confusion.

Designed for All Experience Levels

Newcomers are usually confused by complicated platforms. Finsea24 breaks that wall by providing an easy to use experience that facilitates learning. Simultaneously, seasoned traders are allowed more developed options that enable an analysis of the market and execute it accurately.

This balance makes the platform suitable for traders at every stage of their journey.

Smarter Risk Management

Successful long-term trading is all about risk control. Finsea24 trading platform promotes responsible practice in trading as it aids in stop-loss and take-profit orders. The tools are useful to traders in the management of losses and safety of gains even when the market is volatile.

Risk management helps traders to remain disciplined and composed in volatile situations by ensuring the risk remains visible and manageable.

Fast Access, Smooth Performance

Speed matters in trading. Delays are potential factors of impact particularly in those markets which are fast-moving. Finsea24 is interested in the consistent performance and rapid execution and enables traders to respond to the opportunities as they emerge.

The platform is device-based, which means that it is more convenient to keep in touch wherever you trade.

Education and Market Awareness

The beginner to trading has to be knowledgeable. Finsea24 assists traders in informing them about the markets and trends on prices with educational materials and resources. This enables professionals in the trade sector to make informed choices as opposed to using guesswork or their feelings. Trading and learning together brings in confidence and consistency in the long run.

Why Do Traders Choose Finsea24?

Traders look for platforms that support growth, not pressure. Finsea24 offers:

  • Simple navigation
  • Reliable tools
  • Clear risk management features
  • A focus on informed trading

This approach creates a more balanced and professional trading experience.

Conclusion

Trading does not have to be stressful and confusing. It is more organized and managed with the help of an appropriate platform. The Finsea24 trading platform is a blend of convenient application, intelligent features, and socially responsible trading to enable traders to own their ride. With either a beginning or an end goal, Finsea24 will provide you with the means to trade with a clear purpose, confidence and clarity.

Binance CEO Richard Teng Highlights Massive Crypto Growth Adoption – 300M Users Worldwide And Counting

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Crypto adoption is no longer moving at a steady pace, it is accelerating. Binance CEO Richard Teng, in a post on X, highlights accelerating global crypto adoption, with global users growing at an unprecedented pace.

He noted that users grew from 0 to 170 million over 6.5 years, then surged to 300 million in just over one year, based on industry data signaling mainstream momentum.

This claim aligns with Binance’s own milestone of surpassing 300 million registered users in December 2025, up from 270 million earlier in the year, amid regulatory clarity and market highs driving platform expansion.

Cryptocurrency adoption is no longer a slow, experimental trend, it has entered a phase of rapid, global acceleration. In just over a decade, crypto has evolved from a niche technology used by a small group of technologists into a mainstream financial asset and payment infrastructure touching hundreds of millions of people worldwide.

TRM’s findings show that global retail-led adoption accelerated in 2025, as retail transactions rose by more than 125% between January and September 2024 and during the same period in 2025.

This rise in retail-led adoption indicates that individuals are playing an increasing role in shaping crypto’s evolution, with activity often tied to practical use cases such as payments, remittances, and preserving value in volatile economic conditions. 

In terms of region, Crypto adoption is not evenly distributed, it is growing fastest where it solves real economic problems. A Chainalysis 2025 report revealed that APAC furthered its status as the global hub of grassroots crypto activity, led by India, Pakistan, and Vietnam, whose populations drove widespread adoption across both centralized and decentralized services.

At the same time, North America climbed to the second-highest regional position, driven by regulatory momentum, including the approval of spot bitcoin ETFs and clearer institutional frameworks, which helped legitimize and accelerate crypto participation across traditional financial channels.

Close behind, Latin America’s crypto adoption grew by 63%, reflecting rising adoption across both retail and institutional segments. In comparison, Sub-Saharan Africa’s adoption grew by 52%, indicating the region’s continued reliance on crypto for remittances and everyday payments. These figures underscore a broad shift in crypto momentum toward the Global South, where on-the-ground utility is increasingly fueling adoption.

With the increasing demand for cryptocurrency transactions, some experts believe that global crypto adoption is inevitable not a matter of if but when.

Several key factors influence crypto adoption, including crypto’s perceived ease of use and convenience, technological advancements, overall awareness and education about crypto, and more.

Notably, one of the strongest indicators of mass adoption is how crypto is being used. Stablecoin cryptocurrencies pegged to fiat currencies, now account for a significant share of on-chain transaction volume.

Also, Institutional participation has significantly strengthened crypto’s legitimacy.

Major developments include:

• The launch and growth of spot Bitcoin ETFs, which attracted tens of billions of dollars in assets within months.

• Increased exposure by hedge funds, asset managers, and family offices.

• Growing interest from banks exploring crypto custody, trading, and tokenization services.

Outlook

The numbers are clear: crypto adoption is accelerating faster than at any point in its history. From 170 million users in over six years to 300 million in just one, and now approaching 700 million globally, the growth trajectory suggests that crypto is crossing from early adoption into mass-market relevance.

As regulation matures, technology improves, and real-world use cases expand, the next phase of crypto adoption may be defined not by speculation, but by integration into everyday financial life.

NALA Secures PSP And PSO Licences in Uganda, Unlocking Deeper Payments Capabilities

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Tanzania-born remittance startup NALA has announced that it has received Payment Service Provider (PSP) and Payment System Operator (PSO) licences from the Bank of Uganda, in addition to its existing Money Remittance licence.

The new approvals position NALA among a select group of companies fully licensed across the core layers of Uganda’s regulated payments infrastructure. This regulatory milestone enables the company to expand its capabilities and deepen its impact across consumer and business payment services.

Announcing this feat, NALA founder Benjamin Fernandes wrote,

Today, I’m excited to announce we have received Payment Service Provider (PSP) and Payment System Operator (PSO) licences from the Central Bank of Uganda, alongside our existing Money Remittance licence.

“We’re focused on building open, compliant, technology-first rails that help Ugandan businesses plug into global commerce and help the diaspora move money home faster and more transparently”.

With the licences in place, NALA is building:

• Global and diaspora accounts for consumers.

• Collection and payout services for global businesses through Rafiki.com.

• Real-time cross-border payment solutions.

• Trade payment flows into and out of Uganda, directly connected to global payment networks.

NALA acknowledged the Bank of Uganda for its rigorous oversight and leadership in fostering a secure, innovative, and future-ready payments ecosystem. The company says its focus remains on building open, compliant, and technology-first payment rails that allow Ugandan businesses to plug into global commerce, while enabling the diaspora to send money home faster, more transparently, and at lower cost.

Globally, Africans lose an estimated $8 billion annually to remittance fees, with 7–8% of transaction value lost to costs. This challenge inspired the founding of NALA in 2021, starting in Africa, currently the most expensive continent for cross-border money transfers.

Since then, the company has expanded into Asia and other emerging markets, which collectively account for about 45% of global remittance flows. From inception, NALA has prioritised two core goals: reducing the cost of cross-border transfers and increasing transaction reliability.

By partnering with governments and securing regulatory licences, the company has been able to develop innovative products that enable faster, safer, and more affordable cross-border payments.

Founded by Benjamin Fernandes, NALA has recorded significant growth since its relaunch in 2022, scaling from $0 to $24 million in revenue, achieving profitability once, and building a strong competitive moat through its integrated B2B infrastructure platform, Rafiki. The platform powers stablecoin-enabled payments across the US, UK, EU, Africa, and Asia.

Rafiki operates as a single API that allows global businesses to make payments into Africa. It serves as the backbone of NALA’s consumer fintech app and its B2B payments offering, helping global companies trade more efficiently with African markets while improving reliability across payment flows. Today, NALA’s team spans 18 countries, with operational hubs in London, Nairobi, and Dakar.

In June 2024, NALA raised $40M series A to build B2B payments platform. CEO Benjamin Fernandes stated that the capital injection, which follows a $10 million seed in 2022, will fuel the company’s global growth plans that involve scaling its remittance business to serve the Asian and Latin America markets.

NALA combines deep local market knowledge with global expertise, driven by a mission to build payment infrastructure that delivers real and lasting impact across emerging markets.

Waymo Stranded Vehicles and The Limits of Silicon Valley Assumptions for Africa

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Good People, I have been reflecting on how Waymo, an Alphabet (Google) company, deployed driverless cars on American streets without fully modeling a basic but critical scenario: what happens during a power outage despite the billions of dollars spent on modeling, testing, and simulation over many years.

We all read how Waymo vehicles froze on the roads of California when parts of the state lost power. Specifically, a power outage in San Francisco caused significant disruption, immobilizing Waymo’s robotaxis as they encountered dark traffic signals. While Waymo has since indicated that it has enhanced its software and emergency protocols, one fundamental question remains unanswered: why was this scenario not modeled from the start?

This is where we begin to appreciate what many often criticize as European “overregulation.” When you examine what happened in San Francisco, you begin to see the value of regulatory regimes that insist on exhaustive edge-case analysis before large-scale deployment.

Largely,  Waymo and the American regulators that approved these vehicles for public roads without fully accounting for mass power outages have inadvertently delivered a lesson that African capitals must not ignore. Do not assume you are covered!  Yes, I fully expect that in a few years, some showmen will begin importing these vehicles into Nigeria and other African countries. But without subjecting them to local scenario testing, the risks are enormous.

Losing power in America is an exception. Losing power in many African cities is the default state. So, if a system struggles under a rare condition in San Francisco, what happens when it is deployed in environments where that condition is routine? And beyond power outages, what other risk vectors, already overlooked in California, could cause catastrophic failure on African roads?

Technology does not travel well without context. And before we import the future, we must first verify it against our realities. I am now increasingly cautious about driverless cars because the recipes used to build them may not have been fully optimized, and yet humans are being asked to consume half-cooked meals. Africa cannot, and must not, default to Silicon Valley assumptions.

Comment on Feed

Comment: Perhaps they would have modeled for that if they were deploying in Africa. I’m sure power failure ranked very low in the risk assessment for San Francisco.

My Response: My understanding is that no one buys a car and permanently geolocates it. Are you suggesting that someone cannot purchase a car in the U.S. and decide to ship it to Nigeria without written and express approval from the manufacturer? If that were the case, what then happens to the entire used-car business?

More importantly, even if this scenario is considered low probability, it represents high risk, and high-risk scenarios should never be ignored. Imagine if a similar failure occurred at a rail crossing transporting hazardous chemicals. Yes, an entire community could be put in danger. Edge cases are not trivial when their consequences are catastrophic.

I am still expecting a valid reason from Waymo for ignoring this risk!