"I will request debt forgiveness for Nigeria" - Atiku

Greetings!

It’s election season in Nigeria, and it’s also the period where you get to see and hear of many promises, threats and exposé.

While Atiku Abubakar, the presidential candidate for the PDP party and also a former Vice President under the same party, said “I will request debt forgiveness or cancellation for Nigeria” while speaking on his recovery plan at the Lagos Business School 2022 Alumni Day.

Is that not a good thing? That Nigeria, one day, will be debt free?

Well, while we keep our eyes on the rise of inflation - currently at 21.09% according to the NBS, more news happened around the world in the last week - tech, finance, Twitter, Crypto et al.

The News.

+ Nestcoin, the web3 and crypto startup was caught in the whole FTX saga and will be laying off some employees. In a letter to its investors, Yele - founder and CEO of Nestcoin, said; “last week’s events have had an impact on us as we held our assets (cash and stablecoins) at FTX to manage operational expenses. We were not undertaking any trading, but simply custodied our assets on the FTX exchange”. Read

+ INEC will be using technology in the 2023 general election - Bimodal Voter Accreditation System (BVAS) and the INEC Result Viewing Portal (IReV). The commission chairman - Mahmud Yakubu, said in an interview “the introduction of BVAS and IReV, a technology to upload election results in real time, was to ensure a free, fair and credible election.” Read

+ And the big news 😎: Elon Musk, the new owner of Twitter apologize for firing some employee but has since welcomed them back.

Other news:

The Central Bank of Kenya provides a 50% discount to mobile borrowers

Kenya (97%), South Africa (96%) and Nigeria (95%) are the top three countries in Africa with the biggest Whatsapp users accordsing to report by Verint

The International Finance Corporation (IFC) has today launched a $225 million venture capital platform to back early-stage startups in Africa

That’s all for this week.

Till next week.

PS: Read “What is web3? The Creators Way”.

Cheers!

Samson

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