EBS in Africa

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A Central bank Digital currency (CBDC) is an electronic form of central bank money that citizens can use to make digital payments and store value. It is a virtual form of the country’s fiat currency. As Michael Bordo, professor of economics at Rutgers University has said, monetary transformations through history have been driven by changing […]

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Human Insecurity Vicious Circle

The mother of the insecurity issue in Nigeria is corruption. Prof Magnus Kpakol, Chairman of Economic Growth and Development Center (EGDC) describes the practice of corruption as Witchcraft Economics. As he puts it, witchcraft economics exists when your consumption of goods and services is not determined by your productive ability. As shown below, Corrupt practices […]

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