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Video: New currency designs will enhance cashless economy – Nigeria’s central bank governor, Emefiele

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Nigeria on Wednesday unveiled a new Naira note as part of government measures to control the amount of money in circulation.

Nigeria’s central bank governor, Godwin Emiefele during the unveiling hinted that the process for cash withdrawal from the banking system in the country would be reformed to discourage cash-based transactions.

Watch him speak on the matter below:

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Video: Kenya considering debt-for-food, nature deals —Cabinet Secretary

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In this video, Kenya’s Treasury Cabinet Secretary, Prof. Njuguna Ndung’u, during the recent Medium-Term Debt Strategy 2024, revealed that his country was exploring debt-for-food security & debt-for-nature swaps as talks were underway with the World Food Programme.

The country is also discussing a debt-for-medicine swap while pushing the prospect of a debt-for-nature swap to the back burner.

Watch the video below:

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Video: Nigeria’s Tinubu meets private sector executives over cost of living crisis 

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In this video, President Bola Tinubu of Nigeria spoke with executives in the private sector about the nation’s rising cost of living and the steps being taken to solve it.

 

“The people of this country are only the people we have to please and we are very much concerned, from students to mothers, fathers, farmers, traders and realizing that everyone has to fetch water from the same well.

 

“We are looking additional efforts that might help the downtrodden Nigerians and we will provide that hope and assurance that the economic recovery is on its way. We are not saying that we have all the answers but we will not be blamed for not trying,” Tinubu said in the video.

 

Aliko Dangote, the richest man in Africa and the owner of Dangote Industries, along with businessmen, AbdulSamad Rabiu and Tony Elumelu, were in attendance.

 

Following the meeting, Mr. Dangote told reporters that “the economy, food security, and security of the nation” were the topics of discussion at the Presidential Villa in Abuja.

 

Nigeria is in the middle of its worst economic crisis in decades following the removal of subsidy on petrol and the floating of its currency. Its inflation is at a record high of 29.9℅. The situation has led to a surge in the cost of living and pressure on President Tinubu who came into power nine months ago.

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