Interesting that Nigeria will contract a foreign company on these critical infrastructures of the future: “@koibanx and @developingafro to develop #Nigeria’s official platform for commercialization of all IP in the country, on #Algorand”. Like I have noted, Nigeria would have developed a semi-defense industry if we have a regulation that says that 20% of our defense expenditure (non-emolument) must be spent on local suppliers.
Did you miss the space??
No problem…Les dejamos el link ?? https://t.co/Eh9iou3AAc
— Koibanx (@koibanx) May 23, 2022
A few days after the Nigerian Securities and Exchange Commission (SEC) released new regulations that will guide the Nigerian crypto market and the entire digital industry, the federal government has made a move suggesting that it may back it up.
On Tuesday, Koinbanx announced during Twitter Spaces session it co-hosted with Fred Estante that the federal government has entered a three-year exclusive IPR (intellectual property right) agreement with Developing Africa Group to launch a national wallet for Nigeria.
Per People Gazette, the agreement grants Developing Africa Group, a regional software development company, the right to create an official platform for Nigerians to upload any form of IP rights and trade, sell or exchange them abroad while collecting the royalties and proceeds of these operations on their wallets.
If that happens, many startups will mushroom to serve the military, and the paralysis of fighting Boko Haram, and other mayhem, would have created an industry that could possibly serve other African countries. We did not do that.
And on blockchain, cryptocurrency, e-naira, etc, we have decided that hiring foreign firms is the way to go: that has to change. I mean we have to believe in these young people and give them the opportunities to fail or thrive. What is really wrong with the men making these decisions? Must everything be done by foreigners in Nigeria? Why can’t the government task its young people as India, Brazil, South Africa, and other at par countries are doing?
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Nigerian Contracts Algorand to Develop National Wallet, Signaling Intent to Unban Crypto
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If you are reading people’s credentials and you see the following:
Kemi, graduated from Harvard, Business Administration
Ugo, graduated from Oxford, Biochemistry
Yakubu, graduated from Stanford, Computer Science
Akpan, graduated from Uniben, Physics
Ejiro, graduated from ABU, Mathematics
Abdullahi, graduated from UNN, Accountancy
By default, without testing each person’s brainpower, which ones will you be more inclined to learn about their studies and prospects? That is the same way the people we put in government make decisions, they are Nigerians, just like you!
We fly women to US, Canada and UK to give birth. We spend plenty dollars sending young kids to US, UK and Canada to go study Pub Admin, History, Marketing and co, and we cheer and flaunt their graduation ceremonies.
Those who used to visit local chemist shop and regular clinics when they are ill suddenly start flying overseas for medical treatment, because once you become rich, your headache or stomach pain becomes different from the ones poor people suffer.
And you are wondering why we give contracts to foreign entities? Get a giant mirror, stand in front of it, and you will get all the answers.
When mercenaries parade as statesmen and leaders…