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2025

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They say ‘Guns don’t kill people’… Well… ‘Cryptos don’t kill economies’ – people do!

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The ‘Guns don’t kill people…. ‘ phrase began with the ‘pro gun lobby’ in the US. This is an argument that has been raging for years, and I’m not here to debate the merits of either for or against.

The phrase has been modified over time ad nausea, mostly by novelty and souvenir companies making t-shirts, mugs and so on, looking for a catchy phrase that can sell wares.

A check online reveals a wide variety of endings, anything from ‘Dads with Pretty Daughters’ to ‘The Clintons’.

Above is one taken from the ‘Karate Kid’ Blog which ends with ‘Ninjas’.

The ideology however, underlies a very basic fact, which is that inanimate, i.e. non living entities, do not spontaneously create problems on their own. Bad things can only come from the actions of bad people.

Crypto-currency in Nigeria is not inherently evil. It is a fluid way of transferring value. It is a money ‘species’.

The faster money, or to be more precise, ‘value’ can move to complete a transaction, and the lower the cost overhead on that transaction,  then the quicker new and interesting things can happen.

It is important to realize that transactional tools are neither good nor bad, they just ‘are’. Removing things or restricting things doesn’t discriminate on the basis of intent. However as nations, when we act to curb things of universal benefit in the hope of averting the perpetration of bad acts, those who often suffer the most are the innocent, the poor, the vulnerable, and/or those who contribute the most to the benefit of society.

Nigeria could have been the apex global performer in a dynamic business sector only yet a few years old. It was once the second largest trader in the world, and despite a CBN ban, it still ranks 4th, as of Oct 21, 2021 (source c-sharpcorner.com)

Graph at c-sharpcorner.com showing Nigeria as 4th in Crypto Ownership activity as of Oct 21, 2021, despite the ban

Crypto is just a transaction vehicle, and the problems arise when we think of them as an investment. In a lot of ways they are limited in their application, but so too are many currencies, including the Naira, which cannot be traded on open international money markets.

While the value of different cryptos and different FIATs can relatively go down as well as up, I just see them all as different forms of liquidity. I don’t see them as equity or commodities.

If a Nigerian decides to move to US, for a while, the way of thinking, they are converting dollars to Naira in their heads when they see prices. If they get to settle in US, they stop doing this, and think in dollars only. Dollar going up or down against Naira only matters if they are doing foreign remittances.

The problem with viewing crypto as an investment winner against FIAT, ie sovereign currencies is that it’s easy to win races against thoroughly useless competition.

The real goliath in the value race is not something that has value at all, but a completely different type of economic warrior, and that is the RPI , the Retail Price Index. The grim reaper that represents inflation.

RPI never really loses against transactional value instruments. Individual components of it may, in particular years but overall no.

So for prosperity, what we need is a very strong transactional value instrument to start with, but we also need the growth of specialist investment services around it, which are going to leverage it to stimulate business and commerce and give investors a return on their principal while preserving it, in a conspiracy to collectively thrash the RPI in the race.

Just as many investors in Nigeria who bring dollars want a deal where they get a return in dollars and preserve their dollar principal, the next stage, in the crypto ecosystem trajectory should be to build out on the financial services side, treating it just like any CURRENCY.

So if the RPI in Nigeria in a bad year is 33%, if you invest 100 Eth, let’s say you expect a modest 5% profit, then at the end of the year, you expect 138 Eth back. This is good business.

The sad thing is, Nigeria could have had that trajectory. Based on its transaction profile a few years back, and the extent to which it is leading in new Fintechs, the evolution in the crypto space would have been inevitable.

A CBDC is a distraction and cannot bring this dynamic. If anything, it will probably accelerate RPI though simplifying quantitative easing processes.

Let’s hope some new evaluation by FGN will bring a change of direction soon.

 

Please visit www.tractsify.com

My 2 Cents for Young Graduates

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In the last decade there has been an increase in the turn out of First Class and Second Class Upper graduates. Availability of E-book, CBT examination system and improved teaching methods are some of the contributing factors to this. Someone with a good understanding of the law of demand and supply will agree with me when I say it is about time First Class graduates start walking the streets for months before getting an offer. As such, it will do you good as a graduate if you know early enough that you need to add some skills to your degree.

The popular question these days is, “what skill set should I go after”.

A simple answer to this question can be found by asking; what skill set is of interest to employers. To get an answer to this, do a random search of jobs that are of interest to you and the advert will give you the answer to your question.

Often, job adverts comes with responsibilities and requirements. When next you come across a job advert that is related to your field, pick a pencil and tick the responsibilities and requirements that describes you. The unchecked requirements becomes your homework if that is your dream job.

Most Universities have this phrase on their certificate; “found worthy in learning and character”. My friend, please hear this from me, the things you know may get you the job, but character is what will keep you on the job, making you achieve good results with ease. Each time I hear the phrase “team player”, what comes to my mind is the word “character”. If you are a victim of bad parenting, please ensure you devote time and attention to lectures on emotional intelligence, servant leadership, etc if you want to go far in life.

One skill that has become so essential and indispensable in the industry now is communication. Effective communication is a must have skill. Talkers appears more intelligent than their peers. People often are not patient enough if you are having difficulty expressing what you know. I say to you, develop your communication skill, because each time you open your mouth to talk, you are telling the world who you are.

This my last point was reserved as the last because I don’t want you to forget it. Office place politics is a must do for you. Yes, you heard me well. It is a must. Its either you play the politics and get promoted or you stay off the politics and watch yourself rotten at your corner.

In as much as robots are not the ones making decisions about your opportunities and promotions, politics becomes an essential part of your day to day routine. You need to be on the good book of the key decision makers. You don’t want to fight those with the power to recommend you when the time comes. You need to be visible to the management. Your seniors are your seniors irrespective of their age, gender, and character.

Anyways, avoid dirty politics. Avoid been used to bring someone down – people used for such dirty job are never trusted thereafter by their users, as such, they always find a way to push them out sooner or later.

As a closing remark, job hunt and career growth is not for the faint hearted, as such I say to you, DON’T QUIT. Keep pushing hard, the door will soon open for you. When it is your turn, it is definitely your turn and no one can stop you.

Buy Wakanda Inu on Roqqu in 5 Minutes

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WKD is a decentralized meme token created to drive growth through decentralized finance-oriented activities across the world. Being a pioneer of this mission, Wakanda Inu is a community meme project forged from the deep and warm consciousness of humanity.

The Meme coin aims to drive more charity-oriented causes in the world through its use. To do this, 4% of all its tokens will be used for charity. The community hopes that, in doing so, they will show people everywhere how everyone can achieve their dreams.

Wakanda Inu Token ($WKD) is currently listed on Roqqu.

About The Wakanda Team

Most Cryptocurrency projects have central leaders but for Wakanda Inu, there is no CEO, no CMO, and no Business Developer. Wakanda Inu is managed by a decentralised community driven by the desire to see this project succeed & every decision is determined by the community votes

Everyone works together on this project because everyone owns it. Community initiatives call for community commitment; if the project succeeds, the community will benefit. If ft fails, the community will suffer.

How Does Wakanda Coin Work

The Wakanda Inu meme token operates on Binance smartchain. It’s the first African-owned community meme token, inspired by Marvel’s blockbuster film about the African Panther.

According to Wakanda Inu’s Panthers Words in their website, 80% of the public sale goes to liquidity. Before the launch of the coin, there would be no presale of Wakanda Inu Token. The liquidity of this token is locked and their team is made up of World Class Developers 

What are the Prospects of The Wakanda Coin

According to the coin market cap. The Wakanda Inu token increased by 300% in just 24 hours. As a result, its trading volume has doubled. The meme token has seen impressive growth, breaking records set by Shiba Inu and Floki. Coins having a one-billion-dollar market cap means the price will have to rise 35 times from current prices, and the Wakanda community members are determined to achieve this goal.

How to Buy Wakanda Inu On Roqqu

Wakanda Inu was immediately launched on Roqqu as soon as it started to gain ground. We responded to our Roqquians as soon as they requested for the token.Now you can buy, sell and trade Wakanda Inu with ease.

To buy a coin on Roqqu, you would have to sign up on the platform and have an account to enable you trade on the platform. You can register on the platform and get verified by using this link here

Now that  you have an account on Roqqu, you can now buy any coin you want on Roqqu. Here is a simple way to get Wakanda Inu on Roqqu;

Wakanda Inu Video: A SIMPLE WAY TO GET Wakanda Inu ($WKD) ON ROQQU.

 

STEP 1:  DEPOSIT MONEY INTO YOUR ROQQU WALLET

STEP 2: SCROLL TO THE END & CLICK ON  “ADD NEW WALLET”

STEP 3: FIND WAKANDA INU COIN & TAP THE COIN  BUTTON

STEP 4: CLICK ON YOUR COIN & CLICK ON THE “BUY BUTTON”

STEP 5: INPUT THE AMOUNT OF COIN IN NAIRA, & CLICK ON PROCEED WITH PURCHASE

VOILA!   YOU NOW HAVE WAKANDA COIN IN YOUR WALLET.

CONGRATULATIONS!  Tell your friends the good news by sharing your referral link so they can join in the fun. Visit www.roqqu.com to learn more.

PUSH, do not just knock all the time!

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The door is closed. Sure – everyone can see it. But I have seen many closed doors which are not locked. Simply, a simple push will get you in, even when a knock would not have worked, because no one was on the other side to open it for you.

Many things in life seem closed, and we keep knocking, when what we need is a PUSH. “Sir, can I review that work for you?” – that is a knock. Possibly, he responds “do not bother”. “Sir, this is my review of that work” – that is a push. You’re in.

PUSH, do not just knock all the time. More “pushes” turn “black doors” into “white doors” because the rays of light get through.

Intensifying Awareness Amid World Diabetes Day

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November 14 annually, the world commemorates the World Diabetes Day. The day, which is an annual and international commemoration, was instituted in the year 1991 by the International Diabetes Federation (IDF) in collaboration with the World Health Organization (WHO) to help in raising public awareness on the dangers and control of diabetes.

World Diabetes Day became an official United Nations (UN) Day in 2007 through the passage of the UN Resolution. The day was chosen in honour of the birthday of Frederick Banting who along with Charles Best first conceived the idea which led to the discovery of insulin in 1921.

It’s noteworthy that the campaign attached to World Diabetes Day draws attention to issues of paramount importance to the diabetes community and keeps diabetes firmly in the public spotlight.

The theme of this year’s anniversary is “Access to Diabetes Care”. It acknowledges that millions of people with diabetes around the world do not have access to diabetes care. It emphasizes that people with diabetes require ongoing care and support to manage their condition and avoid complications.

The theme therefore stressed that we cannot wait any longer, hence urging stakeholders at all levels to provide the needed medicine, technologies, support and care for all people with diabetes that require them. It also enjoined governments to increase investment in diabetes care and prevention.

Diabetes is a lifelong medical condition that causes a person’s blood sugar level to become too high. It is often caused by the insufficiency or lack of the hormone known as insulin, which is produced by the pancreas – a gland found behind the stomach.

The amount of sugar in the blood is controlled by insulin. When food is digested and enters the bloodstream, insulin moves glucose out of the blood and into the cells where it’s broken down to produce the required energy.

However this implies that, if one has diabetes, his/her body is unable to break down glucose into energy; because there’s either not enough insulin to move the glucose or the insulin being produced doesn’t work properly.

There are two main types of diabetes namely: Type 1 diabetes and Type 2 diabetes. The former is usually more delicate than the latter which is far more common.

In Type 1 diabetes, the body’s immune system attacks and destroys the cells that produce insulin. As no insulin is produced, the victim’s glucose level increases, which can seriously damage his body’s organs. Type 1 diabetes is often regarded as Insulin-dependent diabetes; it is also sometimes recognized as Juvenile diabetes or Early-onset diabetes, because it mostly develops before the age of forty (40) or usually during the teenage years.

If one is diagnosed with Type 1 diabetes, he would need insulin injections for the rest of his life. He would also need to pay very close attention to certain aspects of his lifestyle and health, to ensure that his blood glucose levels stay balanced at all times.

Type 2 diabetes takes place when the body doesn’t produce enough insulin or it cells don’t react to insulin. This type of diabetes is generally known as Insulin-resistant diabetes. Since Type 2 diabetes is a progressive condition, the patient may eventually need medication mainly in the form of tablets.

Type 2 diabetes is in most cases associated with obesity. Obesity-related diabetes is sometimes referred to as Maturity-onset diabetes owing to the fact that it is more common in older people.

During pregnancy, some women possess high levels of blood glucose, which makes their body unable to produce enough insulin to absorb it all. Such a condition is known as Gestational diabetes and it affects up to 18 in 100 women during pregnancy. Pregnancy can as well make existing Type 1 diabetes worse.

Gestational diabetes can increase the risk of health problems developing in an unborn baby, therefore it’s very necessary for a pregnant woman to keep her blood glucose levels under control. Record has it that diabetes is the ninth leading cause of death in women globally, causing 2.1 million deaths per year.

In several cases, gestational diabetes develops during the second trimester of pregnancy, which is weeks 14 to 26, and disappears after the baby is born. But the truth remains that women who suffer from gestational diabetes are at an increased risk of developing Type 2 diabetes later in life.

The general symptoms of diabetes, which often take place simultaneously, are: feeling very thirsty; urinating more frequently than usual, particularly at night; feeling very tired; weight loss and loss of muscle bulk; cuts or wounds that heal slowly; blurred vision, caused by the lens of the eye becoming dry; itching around the private part or frequent episodes of thrush.

Type 1 diabetes can develop quickly over weeks or even days; whilst, many people may have Type 2 diabetes for years without realizing it because the early symptoms tend to be friendly.

Statistics, according to the World Health Organization (WHO), show that about 347 million people worldwide are presently suffering from diabetes. In 2004, an estimated 3.4 million people died from consequences of high fasting blood sugar.

The most devastating aspect of diabetes is that almost half of the people suffering from it do not know that they have the disease. In view of this, WHO stipulates that diabetes would be the 7th leading cause of death by the year 2030.

Many more people worldwide have blood sugar levels above the normal range, but not high enough to be diagnosed as having diabetes. This is referred to as Pre-diabetes. If your blood sugar level is above the normal range, your risk of developing full-blown diabetes is increased. Thus, it’s absolutely very important for diabetes to be diagnosed as early as possible because it would get progressively worse if left untreated.

In general, diabetes carriers are advised to eat healthily, take regular exercise and carry out regular blood tests in order to ensure that their blood glucose levels remain balanced. Above all, they are also advised to maintain a very cordial relationship with their doctors or health experts.

As the global community commemorates the World Diabetes Day anniversary, I’m using this avenue to urge the general public to endeavour to live a life that would keep them away from contracting this dreaded disease that has claimed hundreds of millions of souls as well as maimed several lives both in the past and present.

They can achieve this by ensuring they consume balanced diets or staying away from constant intake of starchy or sugary foods without supplementing them with other required classes of foods.

The sufferers of the disease ought to also note that they can live as long as possible if necessary precautions are always taken, or if they continually stick to the modus operandi surrounding the disease, such as eating healthily, indulging in regular exercise, carrying out blood tests regularly, and consistent intake of the prescribed drugs or frequent consultation of a physician, among others.

Diabetes has no absolute cure but can be prevented, or managed if contracted. Hence, it’s worthy to acknowledge we have every opportunity to live without the disease, or live healthily if eventually infected with it.