According to euromoney.com, a blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Members of the ad hoc committee include Governor of Kaduna Nasir Ahmad el-Rufai, Edo State Governor Godwin Obaseki, Jigawa State Governor Badaru Abubakar, and Ebonyi State Governor Dave Umahi. ICP and SHIB made entries into the top 20 coins by market capitalization, taking the #5 and #17 spot respectively. 6. That explains why INEC intends to introduce new technology in the revalidation of register, that we have been putting in place since 2010-2011. Olumide Adesina, a financial market analyst and Yahoo Finance Contributor says implementing a blockchain-driven service delivery model would make governance cheaper and reduce corruption. Nigeria also lacks transparency in her electoral process resulting in voter apathy, rigging and other forms of electoral fraud, post-election violence, and post-election litigations. Although there is no known reason for the current decline, it is important to know that the cryptocurrency space is known for its volatility, and these types of dumps are expected. President Biden has appointed Brian Deese as the Director of the National Economic Council. Chaired by Minister for Social and Family Development and Second Minister for National Development, Desmond Lee, and PSA International Group CEO, Tan Chong Meng, the Taskforce comprises business leaders with rich experience in key areas such as digitalisation and connectivity, and with broad perspectives on the global economy. Prof. Chukwuma Soludo – Member. After working on Obama's 2008 campaign, Deese joined the White House as a member of the National Economic Council and was later promoted to … ECOSOC serves as the central forum for discussing international economic and social issues and formulating policy recommendations addressed to member states and the United Nations system. Working with many department and agency heads within the administration, the NEC Director coordinates and implements the President’s economic policy objectives. Dr Mohammed Adaya Salisu – Secretary (Senior Special Assistant to the President, Development Policy) Here is … In these states, they struggled … The electoral umpire has also alluded to working with the National Assembly to introduce reforms to Nigeria’s Electoral Act. National Economic Council (NEC) highest political authority for consideration of development activities reflective of long-term national policies and objectives. Blockchain technology is an efficient and cheaper platform for governance as it curbs middlemen and bureaucratic channels, makes processes more effective and adequately reduces fraud. “The CBN ban has little or no effect on the blockchain, as its statutory powers only excluded Nigerian financial institutions from relating to Crypto Exchanges and platforms,” Adesina said. It serves as the economic mini-cabinet, consisting of the main economic ministers of the cabinet and headed by the Prime Minister. All Boards - Department of the Taoiseach - National Economic and Social Council. Perhaps, Blockchain is proof that it may indeed be possible to “ innovate to prosperity” using technology, especially in low trust societies like Nigeria bedevilled with poor public accounting and electoral processes. Biden names additional members to National Economic Council U.S. President-Elect Joe Biden on Monday named additional people to join the National Economic Council, his … Its website claims to have locked 50% of its total supply to Uniswap, while the remaining have been burned to Ethereum founder Vitalik Buterin. Second, because all smart contract transactions are recorded along a blockchain and cannot be modified ex-post, a permanent and publicly accessible ledger is available to shed any doubt about payments or other transactions throughout the process. Mr Bismark Rewane – Member. “Blockchain is the only technology that has been created which can provide an end-to-end verifiable and fully-transparent voting solution for the future” they added. Dr. Zeyad567 - POTUS lumidas - VPOTUS DavidAxelrod - WHCOS Tolga1903 - Secretary of the Treasury didone - Former Secretary of Commerce Member of AICESIS. READ MORE: FAAC disburses N617 billion as South-South scoops highest allocation, Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). President Biden has appointed Brian Deese as the Director of the National Economic Council. See below for the detailed breakdown of NEC’s responsibilities. In the last 24hrs, the cryptocurrency market space took a hit amidst a decline in the Dow Jones Industrial Index, S&P500 and NASDAQ composite index. Dr. Shambaugh had also served as a Faculty Research Fellow and Research Associate at the National Bureau of Economic Research since 2007. These tokens are listed and incentivized on the ShibaSwap, its decentralized exchange. The coin is up 108.12% in the last 24 hours as a result of its listing on the Binance exchange. This is an introduction to the full list of the National Economic Council (NEC) which was inaugurated yesterday by President Muhammadu Buhari. Member of ILO. Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. (a) the Vice-President who shall be the Chairman; (b) the Governor of each State of the Federation; and. It consists of all members of the Cabinet and is Prime Minitesr is the chairperson. Advice President Muhammadu Buhari on Nigeria’s economic policy. “There is a need to introduce further technology to enhance the credibility of the elections that we are going to conduct in 2023. Members of the ad hoc committee include Governor of Kaduna Nasir Ahmad el-Rufai, Edo State Governor Godwin Obaseki, Jigawa State Governor Badaru Abubakar, and Ebonyi State Governor Dave Umahi. National Economic Council (NEC) Leandra English, Special Assistant to the President and Chief of Staff for the National Economic Council The National Economic Council holds meetings once every month in Abuja as required by the 1999 Constitution of the Federal Republic of Nigeria which established it. In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. (Reuters) - U.S. President-Elect Joe Biden on Monday named additional people to join the National Economic Council, his transition team said in a statement. President Joe Biden and Vice President Kamala Harris Announce Additional Members of National Economic Council | Oakland News Now The decentralised database managed by multiple participants makes blockchain technology a system that is difficult to change, hack, falsify or defraud. He previously held positions within the Council of Economic Advisers between 2009 and 2011, first as a Senior Economist from 2009 to 2010 and then Chief Economist from 2010 to 2011. “A blockchain is simply a digital ledger that records information on the network in such a way that it is almost impossible to forge, hack and manipulate despite being open source,” he said. ... Nigerian govt plans to use N-Power beneficiaries, corps members for … “This is an efficient and cheaper platform for governance as it curbs middlemen and bureaucratic channels, makes processes more effective and adequately reduces fraud,” he added. The report of over N39 billion in duplicate expenses shows that even in a period of revenue decline, the government is struggling with curbing corruption in various sectors. The National Economic Council (NEC) was established in 1993 to advise the President on U.S. and global economic … The council consists of a … Council Chairman & Council Members. The damning report was a catalyst for Socio-Economic Rights and Accountability Project (SERAP) to petition President Muhammadu Buhari to probe the reported N39.5 billion duplicated and mysterious projects inserted into the 2021 budget. The meeting, which was the 96th, was presided by Vice President Yemi Osinbajo, in Abuja. Brief Background Information of National Economic Council Advisory Dr. Ali Issa Abdi: is the Executive Director of National Economic Council and the current Managing director of HESPI. The National Economic Council was established as a Presidential advisory council under the Executive Office of the President by Executive Order 12835 of January 25, 1993. It has a market capitalization of $12,527,102,361 and a circulating supply of 394,796,000,000,000 units. Members National Economic and Social Council (CNES) Information. This helps to eliminate corruption and fraud from the transaction. Washington, DC 20500. By Executive Order, the NEC has four key functions: to coordinate policy-making for domestic and international economic issues; to give economic policy advice to the President; to ensure that policy decisions and programs are consistent with the President’s economic goals; and to monitor implementation of the President’s economic policy agenda. This site uses Akismet to reduce spam. Covid upended the lives of children everywhere. Please enable JavaScript to use this feature. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum. He has PhD in Economics and MBA in International Finance. The committee was constituted by the National Economic Council (NEC) presided by Vice President Yemi Osinbajo. Dec 21, 2020 8:49 AM. The Shiba token is nicknamed the “Dogecoin Killer” as it aims to replicate and surpass the success of Dogecoin. ICP was listed yesterday on coinmarketcap with the price currently trading $459.24 which represents 213.58% gain from its all-time low. Biden and Vice President-elect Kamala Harris named three additional NEC members: Joelle Gamble, Special Assistant to the US President for Economic Policy; David Kamin, Deputy Director NEC along with Ramamurti as Deputy Director of … In August 2018, the new government of Prime Minister Imran Khan reconstituted the council with the following members formed by the Prime Minister on Ministry of Finance recommendations for the Finance division under its Implementations and Economic Reforms Unit: Periodically, ad hoc committees are set up to perform specific tasks, after which they are dissolved. The ugly situation is not lost on the Independent National Electoral Commission (INEC) which has called for better use of technology in the conduct of elections, stating that the introduction of technology would enhance the credibility of elections in Nigeria. “Blockchain technology has the potential to eliminate one of the most significant barriers to economic growth through private business transactions in developing countries—lack of trust,” the report said. The Council is further expected to establish clear protocols for engaging with other critical structures such as the National Economic Development and Labour Council (NEDLAC). Biden names additional members to National Economic Council. Shiba Inu coin is a cryptocurrency meme token and allows users to hold trillions of them, according to its website. The Director is supported by a staff of policy experts in various fields including: infrastructure, manufacturing, research and development, small business, financial regulation, housing, technology and innovation, and fiscal policy. 1600 Pennsylvania Ave NW ISLAMABAD: President Arif Alvi has established a 13-member National Economic Council (NEC) which will be chaired by prime minister Imran Khan, according to a notification released by the government on Friday. The implementation of technology-backed solutions will not only save the nation from resource pilfering and wastage, but it will also be vital in electing credible government officials to oversee proper, efficient service delivery and governance. The next National Economic Council meeting is slated to hold in July 2019. According to the THE CONSTITUTION OF THE ISLAMIC REPUBLIC OF PAKISTAN National Economic Council Article 156: – The President shall constitute a National Economic Council which shall consist of: The Prime Minister, who shall be the Chairman of the Council; The Chief Ministers and one member from each Province to be nominated by the Chief Minister; Four other members as the Prime Minister may nominate from time to time. National Economic and Social Council (CNES) General information News Schedule Print. The Shiba Inu is currently trading at $0.000032. Basically, the report suggests that if the Nigerian government pursues a policy on total efficiency in service delivery, blockchain could be the best alternative for the nation as it reduces corruption and fraud in multiple government sectors. With the decline in certain major cryptocurrency like Bitcoin, Ethereum and Binance, it is important to also note that 2 coins, Internet Computer (ICP) and Shiba Inu (SHIB) made entries into the top 20 coins by market capitalization, calculated by coinmarketcap, taking the #5 and #17 spot respectively. The way forward is to introduce technology and ensure the register is credible and 2023 elections reflect this credibility and that election are better,” INEC said. The National Economic Council coordinates the domestic and international economic policymaking process for the administration, helping to design and implement the president's economic … 7. NEA Members. Learn how your comment data is processed. You have JavaScript disabled. Other discrepancies discovered in the report include ZERO audit records of the N10.02 trillion received by the security sector between 2015 and 2021, a total of 117 federal agencies received allocations for “Security Votes” worth N24.3 billion despite many of these agencies already having allocations for “Security Charges” to cover each agency’s security needs, etc. By using blockchain as a means to immutably record ballots and results, the country hopes to create legitimacy around the election and reduce fall-out from opposition parties,” the developer, Agora said in a statement. Legal basis: National Economic and Social Development Office Act 2006 Maximum Number of Positions: 34 Gender Balance Numbers: Female (11), Male (17) Gender Balance Percentage: Female (39%), Male (61%) Notes: Membership is compirised as per the Act 2006 with nominees from Pillars and Ex-Officio members The NEC will also include chief ministers of all provinces in its body, the notification stated. National Economic Council (NEC) meeting on Thursday revealed. In 2018, Sierra Leone became the first country in West Africa to conduct an election with the aid of the Blockchain, recording votes at 70% of the polling to the blockchain, a first of its kind to prevent electoral fraud. FAAC disburses N617 billion as South-South scoops highest allocation, List of National Economic Council members, National Economic Council ad hoc committee, President Muhammadu Buhari inaugurate National Economic Council, Sierra Leone became the first country in West Africa. The National Economic Council was … MTN Nigeria issues a 7-Year Series 1 bond worth N110 billion. Ardova Plc confirms appointment of Oladeinde Nelson-Cole as secretary. Date of entry: July 2, 1999 . These figures show that the government is permitting multiple leakages in its budget despite falling crude oil revenues and rising debt to revenue ratio. For instance, failure to deliver goods by a set time will automatically trigger a default clause that transmits payment of liquidated damages to the injured party without the intervention of a judge or arbitrator,” the report added. This position is supported in a report by Northwestern University, citing that Blockchain’s smart contracts can improve efficiency in emerging markets like Nigeria. The National Economic Council shall comprise the following members. U.S. President-Elect Joe Biden on Monday named additional members of the National Economic Council, rounding out his economic policymaking team … Leave a Comment / NEA Members / December 2, 2019 December 2, 2019. Their Responsibilities: The main function of the National Economic Council is to assist for the formulation and implementation of policies that will help Nigeria to actualise its economic ambitions over the next four years. The first ad hoc committee to be constituted by the by President Buhari’s second-term National Economic Council was tasked to reconcile the Excess Crude Account, Nigerian National Petroleum Corporation’s remittance, and related issues. The National Economic Council is currently chaired by the Director of the Office of Management and Budget, and is ran by the Director of the National Economic Department. Council of Economic Advisors - CEA: A panel of three noted economists who advise the president of the United States on macroeconomic matters. It has a market cap of $56,830,052,964 and a circulating supply of 123,747,068 units. Caverton Offshore Support Group reports profit after tax of N520 million in Q1 2021. After leaving the Council, Dr. Feldstein served as President and CEO of the NBER from 1984 to 2008, President of the American Economic Association in 2004, member of President Bush’s Foreign Intelligence Advisory Board, and member of President Obama’s Economic Recovery Board. Algeria. The National Economic Council (NEC) was established in 1993 to advise the President on U.S. and global economic policy. Okomu Oil proposes dividend worth N6.7 billion for shareholders. In addition to a rotating membership of 54 UN member states, over 1,600 nongovernmental organizations have consultative status with the Council to participate in the work of the United Nations. The National Economic Council coordinates the domestic and international economic policymaking process for the Administration, helping to design and implement the President's economic … First, because blockchain uses an open architecture, all transactions are publicly accessible, immutable, and verifiable by anyone. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. FMDQ approves quotation of MTN’s Commercial Paper worth N73.5 billion. And third, because blockchain systems are automated, security in the enforcement mechanism is all but guaranteed. 19. 8. The next National Economic Council meeting is slated to hold in July 2019. The White House (adsbygoogle = window.adsbygoogle || []).push({}); Access our Live Feed portal for the latest company earnings as they drop. The tokens feature the same Shiba Inu dog as Dogecoin, which has rocketed in popularity recently. Contact for tips: [email protected]. The National Economic Council (NEC) was established by the provisions of the Constitution of the Federal Republic of Nigeria, 1999, as amended; Section 153(1) and Paragraphs 18 & 19 of Part I of the Third Schedule. Co-ordinate Nigeria’s economic planning efforts at both the Federal, State, and Local Government levels. Generally, the ministries/divisions formulate their respective plans and programmes as per objectives formulated by the NEC, which consists of all members of the Cabinet and is chaired by the head of the government, i.e the Prime Minister. It is a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. It is part of the Executive Office of the President. NEA Members. A report on the Nigerian budget by BugIT last week revealed that Nigeria’s 2021 budget had 316 duplicated capital projects totalling N39.5 billion, a 14% increase to the security sector allocation with no audit done in 5 years and many others. The list is made up of all the Governors of the thirty-six states of the Federation, key members of the ruling party’s Economic Management Team, and the Vice President of Nigeria who serves as the Chairman. Generally, the ministries formulate their respective plans and programmes or projects as per objectives formulated by the NEC. NESC has undertaken two bench marking study tours to learn best practices from the National Economic Action Council (NEAC) of Malaysia and from the Danish Economic Council (DEC) of Denmark . Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. National Economic and Social Council (NESC) Best practices. another one is established. “Sierra Leone wishes to create an environment of trust with the voters in a contentious election, especially looking at how the election will be publicly viewed post-election. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. “Developing countries often lack effective or transparent institutions and are frequently plagued with corruption that weakens substantially their level of security in economic transactions. Your email address will not be published. (c) the Governor of the Central Bank of Nigeria established under the Central Bank of Nigeria Decree 1991 or any enactment replacing that Decree. The announcement was made as Biden announced additional members of the National Economic Council (NEC). We'll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better. 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