Navigating Governance Embracing Technological Innovation and Ensuring Public Welfare
With words spreading all over the country about CBN’s initial plans to implement a cyber security levy on the people(Government), it is with this note that the Federal government (People) had to make a review based on this information and concluded that it was necessary to hold back such an act. As for the reasons why, we will have to await speculations and comments from officials of the different finance departments as well as individuals representing constituencies at the federal level in Nigeria 🇳🇬. If all goes as expected, the CBN should be able to give an official statement backing this decision as well as the Federal government of Nigeria 🇳🇬 (People) in a press statement.
In light of this, it is necessary to embrace technological innovation and change when they support the development of the nation and the economy. This includes reviewing acts such as the crypto ban act to ensure they align with the evolving landscape of technology and finance. Recommendations for reviewing the crypto ban act could involve consulting with experts in the field, conducting thorough impact assessments, and soliciting feedback from stakeholders across various sectors.
It is time to reaffirm to the public that they are not merely subjects of governance but active participants in shaping the course of their collective destiny. The symbiotic relationship between the People and the Government must be reaffirmed, emphasizing that governance is not a one-way street but rather a collaborative effort wherein both parties play integral roles.
At this stance, it is an important point to note how necessary we need to review acts that contradict the welfare of the people as however one might want to look at it there’s always an impact of the people’s welfare on every sitting Government, goes both ways and should be noted 📝. Hit the comment section if you have any questions or concerns about this post.