Commodification of the Nigerian Naira: A Strategic Vision

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  The commodification of a currency involves transforming it into a tangible, tradable asset with intrinsic value, aiming to enhance stability, investor attractiveness, and international value. Nigeria's Naira (NGN) faces challenges, but a strategic approach, including the use of cassava and effective monetary policies, can address these issues. Historical Perspective: Traditionally, currencies were tied to physical commodities like gold. Today, most countries use fiat currencies, deriving value from government stability and trust. Cassava's Role: Cassava, a staple in Nigeria and a major global producer, offers ideal features for Naira's commodification: Versatility: With uses from food to industry, cassava supports economic sectors, bolstering Naira stability. Abundant Production: Nigeria's cassava abundance forms a robust foundation for value-added chains, meeting domestic and global demands. Export Potential: Investing in cassava-based exports, such as starch and bio...

The Future of Food 2050: Predictions for What People Will Eat

The food supply of the future is a topic of great interest in our ever-changing world. With a constantly increasing global population and limited natural resources, it is essential to predict what the food of the future will be. In this article, we will explore possible food trends in 2050 based on information from the BBC.




Enset or "false banana":

A close relative of the banana, the Enset or "false banana," is a food consumed only in one part of Ethiopia. The fruit of this plant is similar to the banana, but unlike the known fruit, it is not edible. However, the starchy stems and roots of the Enset can be fermented and used to make porridge and bread. Research suggests that this food has the potential to feed more than 100 million people in a world facing increasing temperatures.


Pandanus tectorius:

Pandanus tectorius is a plant that grows in coastal areas from the Pacific Islands to the Philippines. In South-East Asia, the leaves of this plant are used to flavor both sweet and savory dishes, while the fruit can be eaten raw or cooked. Scientists believe that the pineapple-like fruit and leaves of the Pandanus tectorius should be more widely used. This tree can tolerate harsh conditions such as drought, strong winds, and salt spray, making it suitable for planting in various regions. However, it should be used sustainably to avoid depleting resources for the local population.



Tylosema esculentum:

Legumes, such as beans, are considered a significant part of the future food supply due to their high protein and B vitamin content. They are also affordable and adaptable to various environments, from coastlines to mountains. While there are thousands of legume species, only a few have been utilized so far. One lesser-known legume is the morama bean (Tylosema esculentum), which is cultivated in parts of Botswana, Namibia, and South Africa. This nutritious food serves as a staple for many populations.


Fonio:

Cereals are another food category that may become increasingly prominent on our tables in the future, considering the existence of more than 10,000 cereal species. Among these, fonio (Digitaria exilis) is considered a potential food of the future. Fonio is used to prepare couscous, porridge, and beverages, and it can thrive in dry conditions.


It's important to note that these potential food sources of the future are based on scientific research and considerations for sustainability and environmental impact. While they may not represent the entirety of the future food supply, they provide valuable insights into the possibilities that may arise by 2050.


Source: BBC (https://www.bbc.com/future/article/20210120-what-will-we-be-eating-in-2050)



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