Quote from: Princess Leah on Today at 10:41:55 AM

Take for example, sometime ago for the ministry of education when one jamb clerk claim say snake swallow 36 million naira and the ministry of education been no fit give account of the money if not for the intervention of the EFCC. Now Cryptocurrency through the help of Bitcoin blockchain go provide transparency come make sure dem go give account of the allocated funds in case them embezzle am.

Eh go help for every sector including the ministry of Agriculture, because funds wey government allocate through Bitcoin to that sector, dem go use am accordingly without being looted due to the security and transparency of Bitcoin. Also eh go enable fast transactions between farmers and consumers including the fact say eh go enable easier and faster mode of payment when government wan import farm tools for farmers.

When it comes to transparency, no be lie say, the Blockchain technology offers an unquestionable method to these ledger but, where wahala still Dey be say, these corrupt practices is extended to the chain and layers of the whole production processes. Where even the contracted company Dey play a part just to ensure they get the contract in the end. It’s a monopolistic method of getting things done with the sole objective being looting.

The problem no be only for funds allocation. As it is for this Tinubu regime, state allocations Dey very high and there have been very little to show for it from several governors. I no go say all of them no Dey try but, na very few.

When the funds are not being used to better the state, the increased allocation just becomes useless. E just Dey increase the funds for the loot. Na really accountability be the main issue here as, people need Dey transparently relay watin them use the money do and where e Dey follow enter.