 Thank you for staying with us. You're still watching the breakfast on plus TV Africa It's time for our first hot topic and this is Binance react as Nigeria battles rising exchange rates now Joining us to have a conversation is Dominic of room a good morning. Thank you for joining us This morning. Thank you for having me Okay. All right. So Binance react, you know as I mean you we already know what's happening in the country Every day the dollar keeps, you know skyrocketing. It's ridiculous like every single day In fact, I was having a conversation with me and go the other day and we're talking about how a week There was the 130 Naira increase to the dollar and then before the end of that day just in one day There was even more increase of almost a hundred now as well so let's talk about the The issue that we have in Nigeria currently, which is the whole Exchange rates being not stable And it's not even stable with the fact that you know, sometimes it goes down and then it comes up It is not stable because it's going up every single minutes You can you know look at it right now and then in the next one hour It's a different price and it has gone up again So what is your take on what we're facing right now as a country with This whole dollar situation and then we talk about what Binance is trying to do with Nigeria It's interesting to even start by making this joke that my friends told me last night last night I was talking with a friend of mine danger he's in Canada and I was making a joke about Nigeria because he normally does to a Exchanges cryptocurrency is to be able to do one or two things for with Nair I was just making a joke that the energy and then I saw volatiles and the flow treats as if you are on the Seeshaw the way the waves are and you see we understand that truly Nigeria is facing a complex economic situation with things like foreign and low foreign direct investments with things like high inflation A weak currency Well, but a lot of people are blaming Binance, which is a pay-to-pay platform that just allows you that to trade digital assets without intermediaries They are blaming Binance for what's in the Nair value By by big I want to categorically say that this is a misguided and uninformed view because minus pay-to-pay It's not the cost of Nigeria's problems But it's rather a solution that offers the Nigerian access to a global decentralized market for cryptocurrencies Burning I think we also had a history. We have burning especially when it comes to cryptocurrency Has been occurring in February Into that if first and foremost let's start with the history when cryptocurrencies was banned in China It moved to Estonia when some forms of mining were banned with cryptocurrencies and modern technologies in the US They decided to start using renewable energy to be able to do this Cryptocurrency so burning has not always been the best to be able to approach in modern technology like this coming to the table to be able to see that you Are able to negotiate things out is a way out Binance did not cause a problem because first and foremost we understand that by now of course here is Binance Right, I just want a little bit of explanation on what's going on with our economy So for instance, why is the fat? Why is there always a rise on the dollar? Could this be because of Binance for instance now? If you check Binance, you'd seen different prices You can go there and someone is deciding to sell for a certain amount another person decides Deciding to sell for another amount. So there is this free There's no regulation on it because you can decide to sell for whatever price you want Especially if you're going to be selling in bulk So that's what I'm trying to get a hang of before we even go to you know, banning it and all of that so The effect of Binance on our economy and ensuring that that rates fluctuates over time is not It's not a function of it's not a problem that Binance has cost I mean, you have things like low foreign direct investment You have things like a weak currency, right? You also have okay, of course if somebody in the parallel market I can decide that the CBN is is trading for maybe 805 power Dollar and I want to say my own at 8 to 10 if I see somebody that really wants to be able to buy that from me at 8 to 10 Then I sell it doesn't mean it should it don't mean that the whole country where you are looking for now But why are you looking for dollar everywhere? It should not take on the rates that aid a company that is not registered under the security exchange for mission Will not be determining will not determine the rate at which narrow to dollar is trading I mean, I understand that the binance has over 170 million users worldwide Which of course this user has a very poor revenue than Nigeria's entire budget But it does not it operates outside the jurisdiction of the security exchange commission, which means it it's should not be able to affect our own National economic currency just as it is it is users that Trading with their own choice on binance that puts the rates as what you want to put it in It does not mean that that should not say okay the entire country We have changed rates to something so by not not really affected it It is because of some of the inefficiencies that we have now System that has actually affected and cost that particular problem to keep going on When you said that binance is really going to help the country, what did you really mean? I mean binance, okay, for example For the first time When the when the when the currency was banned when this ban happened in 2021 Binance took the digital form of the narrow and and put it on your platform It may be now to also be able to have like a global exposure and a lot of people too from the African continent You're able to assess now which also may be now to be really really used. I mean for starters in Brarist time, I think they printed about 15 trillion dollars So over 15 trillion there. I think there was one of the administration to that also printed about 21 trillion Which means that there is actually SS now in the economy So something that you've never have regulated supply to There's a possibility that the supply of that thing will become so much and it will fall in value the way it is falling Binance also helps to be able to expose Nigeria's to the global financial markets And he sees that Nigeria's they are able to educate Nigeria's about the benefits and the risk of digital assets It helps them to be able to create world achieve more financial inclusion and able to participate in a better global digital economy, so it is something that is It seems like a joke that a giant of Africa will blame me a private entity or just affecting Accuracy Okay. Well, so the crux of the matter is banners has reacted as Nigeria battles rising exchange rates What's their reaction like do you have that idea? Yes, this morning I was on the binance official page And they said we should ignore this ford and truly binance is they have a an exchange a market place which is a pet-to-pet market place that Is a platform where traders or users come to be able to exchange? Currencies of value between each other It does not mean that when the user on that particular platform Wants to demand something maybe higher, right? Then they are now the ones that are affecting the economy of that country. It is a digital Market place and people are able to have the choice to be able to place the amount of what they want to place there and as Very decalice stated that it is a thought that they get the ones that is responsible for it Binance was supposed to you know, I thought this Uncertainty and doubt FUD fear uncertainty and doubt fear uncertainty and doubt, okay So if binance was even supposed to help, you know, put some regulations in Especially because you know, it's a marketplace that anyone can decide whatever they want to sell their dollar You know, whatever rates they like So if binance was supposed to help with it may be a regulation or two What do you think they could do to at least help the nation because the the FX rate is really really unstable at this point Binance I don't mean I don't mean I think What by a man cannot really do anything to help our country world can be done is or to Find ways, you know, to be able to bet fiscal monetary policies or fiscal policy policies I know that the Syrian government can do so it's doing a lot of things to be able to revive and explore a lot of alternatives And this actually is also immediate propaganda to us try to see that this alternative that they're exploring is can checkmate the Floating rate of the Nair to dollar This might not have been the best approach because a burning does not really work burning most times Promotes the activity and also a bird must it isn't especially when it is coming from a technological perspective that you cannot be stopped I say noise in the industry school days to say power is the ability to do It with technology we say technology is powerful because it changes the rules and as you can see Blockchains a technology cryptocurrencies a technology and it is competing with the traditional financial system So at the moment we can do the best to be able to better our economy But I'm trying to support another country's does not operate in Nigeria alone. Why is it not changing? The the way their own currency is fluctuating So we should take a a page from what other countries are doing right and the occurrences No, it's an even with the presence of finance in their country So since Binance cannot do anything to help, you know our currency right now What can the government you know do to ensure that you know at least our own money free policy is stronger And then the free fall of the Naira doesn't pose as a problem You know at least it can start even even if we cannot get back to one dollar one hour to one dollar But at least, you know, we can we can still have some form of Sukho We're already doing very well with the cultural sector by Moving from the consuming economy to production economy also doing well. We're trying to see that we save Are we doing well with the agricultural sector that that is 50 hectares of farm Information please please share with us if you have any information because as of right now There is a you know shortage of food supply the Precedents are giving 30 billion our to state governors, but there is still a shortage of food supply I want to go to the market You know the prices are ridiculous people can barely feed So if you have some information about that you saying that you know, we were doing so well in the agricultural sector If you have any information, please share You know the fact that 30 billion was actually injected into the agricultural sector is to go to cushion the effect of the food insecurity that's rising globally you know statistics have it that in the agricultural employees about 60% of their population here in India it employs about 40% of the population So 30 billion being injected into that sector might see that it increases that percentage to about maybe 50 percent Which we also see that what we produce is also increasing and of course Yes, we know right now the reason why a lot of things are going up. I understand that there's a high Astronomical level of inflation going on in India because you see the major drivers of the economy Which is fair that makes people to be able to move from one place to another goes to move from one place to another has also gone up We also look at it to the purchasing power of the people has also come down because of the dollar that is has also gone up to Just like as we've been talking about so when goods move transportation was to move which was to affect the price at which this My chance we sell it to the end users of the consumers. So it's a ripple effect of what is happening. However the fact that They are looking at for a way out of this situation is something that we should believe in and trust in the process because You Even seen the fact that that particular money is going into their cultural sectors We see that okay Well, possibly maybe we can start exporting things from their cultural side to end more money who have also stopped The what was us try to stop a lot of dollar from going out through the first subsidy and all of those things Let's also hope that we continue to save a lot of money that we can inject into infrastructures that can push in the effect Things are actually on the high side right now in India. I also pray to that We look into strategies that would push in this effect see that Much more infrastructures and ways to be able to help the common man to reduce the high level of hardship is also enacted but when when a country no matter how How much we say they are behind Afraid of a particular thing. Maybe there are there are some reasons Walk us through the security Challenges when you're dealing with Binance and other blockchain Or cryptocurrency or all these things because if the government is afraid there must be something they are afraid of Tell us what the security challenges are with this and how we can surmount them This is that come again. It's very challenging. It's Using cryptocurrency Binance and every other thing Because that's one of the concerns of the of the federal government One of the major concerns is the fact that Taxation in every government wants to be able to have tax Paid back to them because that's one of the ways to generate money I understand today in this Tinnobu regime They've also implemented 10% tax on the crypto when the national blockchain policy has also was also enacted in May 2022 and also understand that after that time when Tinnobu came in It also said that the cryptocurrency community should be paying 10% tax especially when you have registered the exchange permission so One of the immediate will you see a lot of money truly moves in the in the digital Finance space you see 10 billion a lot of billions are moved and just imagine if the government is actually making Some 10% tax on which it will be able to build Infrastructures for its citizens and also maybe use that to be competitive in the global financial market So that is one of the major concerns that have also been there, especially with government and crypto currencies They are also concerned too that there is a high level of cyber security that might Accelerate activities and anti-monetronomy activities that might be going on with this particular technology That's allows for the movement of value to be frictionless You know, I say something as a set by blockchain architect and so on a set by Mendaverse experts one also plays in the artificial intelligence field as an auto now At the intelligence made the Creation of value to be frictionless Blockchain and the technology made the transfer of value to also be frictionless And what is that value the value is in money tree terms USDT bitcoins and all of those things. So that's I see Did he in the money passes through the traditional financial system? There's a money the banks They also remitted the CBN, which also goes back to the Government, but this is not the situation when it comes to crypto currency So these are some of the major concern that I made is to always have a problem with it It's important to a state that in February 2021 Was a ban that happened in Nigeria as related to crypto currencies It's only so that the two currencies tried the pay-to-pay market to be there and Was infused in for the first time as a very liquid asset on Binance platform after that now in February 2024 Two years after we are facing the same challenges and seems a favor is a month Okay, well, but Binance is a very important thing Cryptocurrency very very important because it connects us with the global market and all that but how accessible is These markets to the common man A lot of people when you hear crypto is like you have to be a computer genius. You have to know how to Manipulate a lot of things before you can trade in that space Is it exclusively for some set of people with a certain set of skills? Or how accessible is it for the common man so that everybody can embrace it? In the world of wise man You need something in your head to go ahead And if you look at this the right top of my shirt to see you need education to establish an economy This is a new technology That involves digital finance so knowledge About digital finance is important and is necessary Today Anyone watching this show right now, whatever you know or whatever you are doing you took out some time one hour Three five ten hours to study and get better at it and that's why the entry level into cryptocurrency as a user It's not so difficult. It's not difficult at all. It's basically for you to Know the infrastructure to download and The next step of action to take and at our academy. We are very much each people how to navigate this Space of cryptocurrency through some of our courses So if you can quickly do that One line are we able to do that particular training with you guys? However, it is not so difficult. It's a one step one step two step two process And we are done So this This crashing of the naira is not affecting anything crypto anything in the blockchain and all that so it's safe Because people want to store their wealth or their assets in dollars now and all that so is this also a Do you know that Many enough it has been very interesting for the crypto space. Bitcoin has been going up, right? and a lot of people In some of these shows that have been on national tv when dollar was still at when now was still at seven I think the other time seven hundred and sixty I was on the show and I was calling this a lot of my followers the heritage they have funds By dollarizing their economy they held their funds against the dollar and today a lot of them have so much profit. So It is Just sad that we are at this particular point in time, but Engaging in cryptocurrencies is also something that you must It is inevitable because the future is digital however, you must exercise caution when engaging with some of these exchanges to and possibly do Explore alternatives like maybe consider using the local registered crypto exchange if You are not sure about the legality of this is like buying us so Is this one way you tell people to save their money because I mean you just talked about how Some years ago when rather last year. So when Dollar was still about 700 naira. So is this how you tell people to probably save their money? You know even considering the fact that people are hoarding these dollars And then the rate is just kind of rocketing as well This is not the financial advice however you With the level of financial literacy that I have um It will be good when you have a Wicker currency to save your money against that wicker currency in a stronger currency and a stronger currency truly Would have been the dollar when we saw the macroeconomics of what is going to happen in a general economy Who advised that we can't hedge your wealth In digital currencies because we saw that bitcoin was also going to go up because of the market cycle The market cycle for bitcoin right now is that we're at the halving We're still going to go up from the halving And peak So we still we still have a hundred thousand dollars bitcoin 200 300 thousand dollars bitcoin We're not there yet. We're not 69 thousand dollars yet. We Felt where the reset happened from So if you understand the market of the cycle that the cryptocurrency market has just four cycles resets The the cracks or you the crash the resets the halving and the peak and this happens in four years every four years The crash the reset The halving work only at the halving then the peak and then we'll crash again So once you understand the cycle, basically all you need to do is act as a smart money investor As a smart money investor you enter into the market during the reset So that you make the profit from the reset to the halving from the halving again to the crash And then you do what you sell off if you now have an extra extra information like what we had that the uh Because of the macroeconomics outlook that we're looking that the Nigeria economy might possibly turn like turn out to be like this That dollar will possibly hit this level. It is hitting now. Then you now say, oh Thank you Jesus and take all your local currency Save it against the stronger currency So that you that actually applied the theoretical knowledge of the financial Interest that you have received so that you can see the practical manifestation in your world And this has actually made a lot of my followers to build your world to that time Well, you said now because you've told me about the four stages. So what happens when it crashes does it mean that your money is gone Because I mean that's that's we we know about, you know, all of these cryptocurrencies for instance um You put your money in and you hear that. Okay, even after you mind the money for a while some people actually lose money so Is it possible to win to lose both ways? Naira is depreciating and then you put your money in this cryptocurrency And all of a sudden it crashes as well If it depends on the cryptocurrency that you put your money in you can't lose both ways especially when you're trading cryptocurrency that Everyone knows about especially cryptocurrency like bitcoin and ethereum So you can't lose both ways What the difference between trading the crypto market and the forex market is that with the crypto market You still have access to your tokens even though the value of the token be reduced You still have access to your token. I currently want bitcoin is What say about 51 thousand dollars, right? um, if it is if the value reduces to 15 thousand dollars It will be yes, it's the value is worthless But you will still have that one bitcoin whenever the value starts rising again, right? You would It's just like your land maybe when there is a down time in property market The house is useless when there is a better property market time The or the market is booming the house is valued more. So um holding If there's a cash just like you asked we lose all of your money No, you might not lose all of your money if you are invested into the right set of crypto assets You lose all of your money All you just need to do is to be patient for the next cycle of the reset and the next cycle of the Huffing by the next cycle of the huffing that crash that you have experienced you that average out and then by the peak You can't sell because that's when your market is booming so patience will be the tool And the strategy that you employ during that period however You would lose both ways if you do not if you are not invested into the right set of cryptocurrencies, right? And maybe you just buy whatever one of your uncle whatever one of your personal friend or your Family member just tell you without doing your proper research and that's why I learning or investing with um companies and entities like the vorm LLC becomes a must for you to be able to be successful when navigating cryptocurrency space Two last questions before we go First of all, if you were to advise the government on cryptocurrency, binance, whatever we're talking about this morning What will it be? The first advice would be to get Better tableware. We're able to have Meta policies and negotiation. I mean for starters the entry level for startup for What they put out is so high. I mean where do start up? Where will start up that want to truly be reached out with security exchange commission get 500 million as bond to be able to Have and they're not paid 30 million as I think You not pay 100,000 a registration fee and 200,000 yeah, please before that start before that start up We get all of that money. I'm sure that they would almost be discouraged. So a better Adjustments into the regulatory framework that will allow Startups and companies to try because you know every economy you they try through the smaller medium-scale enterprise That this binance we're talking about now is a very big company There are a lot of smaller medium-scale enterprises in Nigeria that are exchanging cryptocurrencies as well But they cannot get registered with security exchange commission because of the bottleneck that is involved in Speaking with the president of my association as an executive of the stakeholder So blockchain association here in Nigeria seaban we have actually years before with me tida and Also tried to see that we can't push some of this framework for the digital Policies to be favorable for everyone another thing too is the investment into technologies and infrastructure now When I say investment into technologies and infrastructure Education also comes into play Okay for more and like what we do have them with I think people's financial playing field and connect them to global commerce. We use our money or our Harden fund as a private entity to be able to create educational contents to educate people because we understand that People need education to build what to establish an economy So that effort too that's coming from the private sector should also come with high level of um Intensity from the government if possible the government should start collaborating with private Institutions and sectors like asked to be able to see that we can push this thing and push it fast I'm laughing too. So a friend of mine two days ago was telling me from the u.s Yeah, my engineer friend. He said oh my is it so easy to buy bitcoin in Nigeria? I said no, it's not so easy to buy bitcoin in Nigeria. So yeah in the u.s It's easy to buy bitcoin in the u.s Why is that so because infrastructure is available right now in Nigeria? I don't think they have bitcoin the bitcoin you get no functional bitcoin 18 machines I did a study of the profitability of bitcoin 18 machine because in one of my courses I teach um blockchain infrastructure Right as a way to be able to make profit now the average cost of a bitcoin 18 machine is about eight thousand dollars When you say eight thousand dollars times, let's say you want to be able in let's say in major cities like Lagos, Abuja and Lagos You say you want to put a hundred 80ms in those cities maybe 30 30 30 30 30 80ms each in these cities Right to be able to dispense bitcoins or something around the country at a hundred Bit times eight thousand dollars. That means you would have spent maybe eight hundred thousand there Eight hundred thousand the last rather to be able to make their investment by tell you something If you know just as you have transaction fees when you withdraw from the bank. I would draw from the ATM. That's how you have Is when you're using bitcoin infrastructure to you the body's transaction fees is called satoshi So you end an average of maybe about zero points zero zero zero theory satoshi pay would you have fee now? Let's say in Nigeria you have a population of over 200 million people in Nigeria If you just have maybe 100 not one million or not 10 million or 100,000 people Using that bitcoin 18 machine of course to contact us 100,000 That means you will be making 30 bitcoins Investors invest or suppose your skills show The national government has money to be able to I mean and I know how happy it is that that's now Let's say we're looking at getting funding as a company to be able to invest into that type of infrastructure the private company But then there are people that have this money and they can invest into this infrastructure to see that There is much more Integration of the technology into the society and profit making too. So I mean if you don't start we won't know how to exploit Okay, so from what I can hear from you right now is you would advise the government to actually work With bit like Binance or all of these critical currencies than to even decide to Band them or you know, just block whatever they're doing Yes, so it's better for them to actually put funds in work with them and that way, you know We can actually create some revenue or revenue stream You know Imagine in Nigeria Government as an organization Right when an organization is stuck or confused about something they invest into research and developments Right to be able to find out new ways to navigate that complex system because Their competitor Would come out and beat them at it because their computer would have learned that better than them us Even with the level of ban and restriction they have with cryptocurrency us owns the highest amount of cryptocurrency in the world over 200,000 China comes second with about I think a hundred and fifty six thousand bitcoins Micro strategy a company in the u.s owns over 194,000 bitcoins So combining what is in the u.s alone is much more than what is in any other country and u.s Is still one of the most street company And sorry countries about the world about cryptocurrencies. So what are we saying here? We must apply wisdom caution research And explore alternatives to make the system work Of course your head as we say shine your eyes Okay, so let me ask you this personally. This is not a cryptocurrency or not They they move by the federal government. This is about the last question They move by the federal government to go after the bdc's the people who exchange money Do you really see that as a solution to the crashing of the or the appreciation of the naira In the nearest future Well, yes, it will because you know A house that's divided against itself Will not stand and and to work together I said they are they are calling to the bible Go for the so when you are trying to make something work on this side and then you have distractors on the other side it becomes um a difficult process so Pango that moves have been made to be able to go after them so that first of all they get sketch and they start ensuring that the In the seat activities to make that particular exchange rates so Over bogus is reduced and We have less people that are trying to do that particular thing I think it will actually help the naira to regain his strength Well, who gives these people the money to exchange is it not the banks? You go to the banks that you are supposed to get at the official rates You don't find this money you go to ordinary people you get it Just like we were saying here you go to parties you see mint Money that has just come from the mint and it's fresh You don't go to the bank sometimes. I tell you there's no you don't find it You go to the atms and we draw money that is torn and you ask yourself bank And this is the kind of money that is coming out and all that but you go to You don't even find money in some atms But you find po s very close to atms. We were just talking about that this morning So do you think the sabbaturas are really the people who are on the streets or the people who are supplying them in this case? Which will be the banks or The politicians who have this money rock cash in their houses because if you go to any a bookie We'll say oh madam. This is what I have Who will now transfer the money to you? So it is not even these people who are doing the business So who do we are we not just? Chasing shadows instead of going to the root of the cost of the matter rather We are not chasing shadows We've done the most we can to address the root cause of the matter, you know Just like this conversation we're having This conversation we're having is to be able to see that we set things right where they have come from And we also provide solutions to speak to the pain point and the benefits of the people However, you know in the work of the workplace the man Change must begin with ourselves. We must start the change And I think because of the economic situation a lot of people just want to end some extra money some extra um, I was watching I saw a movie a a short clip of a movie in One of the tv series. He said if I sell my soul, I can't I sell What else does a man have if you are so the soul? For money does so sell the soul and his integrity for money? And I think everybody needs to start asking them That's a critical question Now what else will I have if I sold my soul and my integrity for money? Because of money a lot of people just try to cut from us and they are affecting us as in whole population and something that we must try best to stop selling ourselves and our integrity for money That's a good way to end it. Thank you very much for being a part of our program this morning It's always a pleasure having you It's Thank you. Have a nice day Okay, uh, Dominic Rume or riri is a certified blockchain architect and metaverse x party was joining us to talk about the fact that Nigeria is considering blocking crypto exchanges to stabilize the naira and also Binance reaction as nigeria battles rising exchange rates. Okay. Well, I'm interested in one thing We skipped on the newspapers Federal government is yet to give out the palliative You laughing it's not funny federal government yet to release free grains to nigerians, you know This thing about promising and then failing promising and then failing all the time It is what has brought us to this level. Yes, I am very sure of that because if I trust Someone and they tell me that this suffering is going to endure for like a year But after that you will enjoy at least I know how to plan. I will find the way to survive I'm just telling myself after this year. I'm going to so it will give me strength It's like you you you are in prison or you are in some way that you're finding it very difficult You are sick even and you're thinking about your children. You're thinking about your family If I leave them who will take care of them and all that and I just want to be well and take care of them again And it gives you that strength to keep going on. Yeah, but Each and every time a promise is made It's never been. It's never fulfilled never. So what do we do now? How does government even begin to gain the trust of the people? If you ask me Because there is definitely a trust deficit in Nigeria government these politicians When it's time for them to campaign you see them They come out and mass tell me I would do this. I would do that I would do that and then when it's time to actually do the work You don't see them anymore. You're talking about palliatives Sometimes they keep it for themselves. They tell you they want to, you know, share it When it's their birthday party Most of the time even if they have to share it They only share it to like a few people of which those people will still keep their own courts and now and before it gets to the masses It's really literally next to nothing. So I really don't know how the government can start to build that trust I think maybe a good way to start is ensuring that they don't even say anything at all It's better not to say anything than for you to say something and you do not fulfill the promise So if they want to start don't say anything It's just that to act and do and work and people are like, oh, wow, the government did this. Oh, wow Okay, we're getting better and then when when you talk make sure you do what you say It should be talk and do not, you know, I'll just talk and then my words are so empty Because when your words are empty, nobody can trust you anymore when you talk like you're making noise again Oh, well, I was there when the military was here and a lot of the things they said they did Uh, and they didn't need to go to the national assembly. They just said we will do this This one will stop being happening and that was how it's a decree. They just decree and it just goes out I'm not saying military should come back But I'm saying that if you have to have a democracy Democracy should be democracy. Yeah, it should be something that we trust because it is our government The people in government are the people that we put in government. So they're working for us Like our friend, uh, architect. I talk would always say the office of the citizen has to have that feel Not just that we need to rise up. We don't have to rise up We rose up and put you in office for you to represent us So let us sit down and see that what you're doing is what we sent you there to do Tell us the truth if it is bad. Tell us if it is good. Tell us One president in the presidency came out to say oh one politician Let me not say the presidency came out to say that Nigeria is not as uh, wealthy as uh We make it to be. Nigeria is a very poor country yet. You or we have some of the highest natural resources in Nigeria You're saying we're a poor country We're not a poor country because we don't have the resources We're a poor country because we don't have the right leadership. We have a poor leadership Unless what is our problem in Nigeria? Yeah, Dubai shouldn't be more than us We have the same oil they have but they monitor their oil. We don't want to do that and then they have a vision I don't think Nigeria has Was a Nigerian dream There's nothing like oh in 2020 In 2030, this is where we want to be. This is the type of infrastructure we want to have This is what we want to do in healthcare. This is what we want to do in education There is we don't have a vision and that is the problem and then even with our government. There's no continuation There is not there's no continuity rather. There's nothing like oh, okay, you know what? Everybody wants to wants to get the glory and leave We're part of this party for instance the apc has ruled for eight years And now at least an an additional one year in a few months, right? So that's nine years before, you know Ten years. What has the apc done in the ten years that they've ruled Even the apc is doing administration by administration because this administration is now blaming the last the last administration For doing should we not be continuity in each party and say, okay This is our party's vision. This is what we want to do for Nigeria And so when one is leaving you're continuing what the other your your predecessor has done Not just that you're coming here and you look clueless. We don't know what's going on. It's It's But that's where we are, but this is how Nigeria we believe Nigeria is going to grow There will be that time, but we just hope that it's going to be In our time so that we can leave to witness it and say, okay. Yes This Nigeria we thought it was impossible to get to this level. We have reached here We hope that it begins with this administration But the bottom line is that you have to start by letting us believe in you and believe you when you say anything To us that is when we can give all the support that you need to succeed as a government Well, we do hope that we are going to get there soon. Uh, but this is how we're going to drop it this morning Yes, this is it. It's always a pleasure being with you. My name is Nyam Gul Agadis. Bye for now My name is Vrumeh Paul Singh. See you tomorrow. Have a good day