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By 2028, the Federal Government, through the CBN, may begin paying salaries and pensions using the e-Naira.
A project launched five years ago could be fully implemented after about eight years.
However, if fully implemented, it could strip commercial banks of some privileges. The CBN would pay directly into workers’ wallets, bypassing commercial banks. Commercial banks would have no control over the eNaira in individuals’ wallets.
Summary in Nigeria:
One region sponsors mass weddings & Hajj.
A region spends ₦153M on a 1-room office.
One region plans to connect its states by rail.
Results:👇
1. One breeds poverty.
2. One shouts marginalisation.
3. One develops, & others complain it is favoured by FG.
Abdul Samad Rabiu added a Bombardier Global 8000 to his fleet. Around $80 million.
Easy to file that under billionaire flex. But look closer.
The Global 8000 is the fastest civilian jet since the Concorde. It flies Lagos to New York nonstop. No stops, no refuelling, no hours lost on the ground.
Rabiu runs cement, sugar, ports and energy across Africa, the Middle East and Europe. For a man closing deals on three continents, time is the one resource he can’t make more of.
So it isn’t really about the jet. It’s about speed. When your business is everywhere, getting there faster is the edge.
The wealthy don’t buy toys. They buy back their time.
Items that would see price drops in July:
• Cars — up to 30%
• Food items (rice, palm oil, sugar, salt, etc.) — up to 28%
• Construction materials — up to 35%
• Healthcare equipment — up to 26%
Why?👇
Lower import taxes would reduce the cost of bringing in these goods.
The SW Commission is planning to connect all SW states by rail, while the SE Development Commission spent ₦153M to rent a 1-room office in Abuja. Yet they claim marginalisation. In the end, every region will develop at the pace set by the vision and priorities of its leaders.