I always wonder how cryptocurrencies can be applied in community funding for Agricultural Financing and to curb insecurity in agriculture. Initiatives such as collective funding, rotating savings and credit associations as well as agricultural cooperatives?
If like say na through crypto the transaction from the ministry of agriculture de go through, The ability to monitor transaction go lead to a high level of accountability and transparency in the ministry but you and I know say anything when go fit allow you monitor how the government de utilize public funds no go de allowed to survive for this our country. Even
BIVAS when for help the electionary system to de transparent no fit work for our country because we de used to illegality and untransperent means of doing things.
The only way we fit use crypto support the agricultural sector na say if you de earn in crypto you fit decide to invest part of your money for the agricultural sector if you see a reasonable opportunity when fit fetch you good profit if not nothing seriously come out pass that one.
I don also reason how cryptocurrency go take help in the growth of agriculture for di country and I see say na for only in terms of transparency and accountability e go help. Aside from di transparency for di Blockchain to eliminate chances of corruption, di rest of di things wey di agricultural sector go take boom for di country for macro level na our government go make am happen. To fund di agricultural sector, provide security for di farmers against bandits and to give dem grants, cryptocurrency no go fit to do any of this important things because na alternative cash I'm be. Na only di government and established institutions go fit to make am happen. I no say e go de hard to implement di use of cryptocurrency in the finance of di agricultural sector because dem no go fit to easily embezzle money again.