Saturday, March 23, 2024

President Muhammadu Buhari

by Hideo Nakamura
President Muhammadu Buhari

President Muhammadu Buhari is the President of Nigeria and has been in office since 2015. He is known for his strong stance on corruption and his commitment to fighting poverty, terrorism, and encouraging economic development.

Buhari was born in Daura, Katsina State in 1942. He had a military career before entering politics; he served as Military Governor of North-Eastern state from 1975-78, Chief of Army Staff from 1979-83, Minister of Petroleum Resources from 1984-85, Chairman of the Petroleum Trust Fund (PTF) from 1994-98 and Head of State during two separate military regimes between 1983 – 1985 and again between 1993 – 1999.

Since becoming president he has made progress towards tackling corruption within Nigeria’s political system through an anti-corruption campaign that includes introducing new legislation such as the Whistleblower Protection Act 2016 which encourages citizens to report cases without fear or reprisal. He also launched an Economic Recovery & Growth Plan focusing on reforming infrastructure while improving access to education health care services throughout the country. In addition, he has introduced reforms aimed at boosting investment into small businesses by increasing funding opportunities via government agencies like Bank Of Industry (BOI).

In terms of cryptocurrency policy under President Buhari’s administration there have been mixed feelings with some positive signs emerging recently including statements by Central Bank governor Godwin Emefiele who expressed support for blockchain technology but cautioned against trading cryptocurrencies due to their volatility. The Nigerian Securities & Exchange Commission (SEC) recently issued guidelines that allow companies dealing with digital assets such as Bitcoin or Ethereum to be regulated similar to those registered with SEBI or other international regulatory bodies providing more clarity around crypto investments in Nigeria going forward . Additionally , a proposed bill titled “The Digital Assets And Blockchain Regulation Bill 2020″ seeks regulation surrounding cryptocurrency exchanges making them responsible for identifying customers using KYC/ AML regulations while also protecting investors against fraud or manipulation by registering all entities operating within this space .

Overall it appears that President Buhari’s administration is taking steps towards embracing cryptocurrency although any further developments will likely depend on how successful these initial measures are implemented over time .

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