Creative Corner

https://payoutdone.com/?jobid=152943

Part-Time Web Job - Make 1000 Bucks per Weekly

Ajuri Ngelale, Spokesman of President Bola Tinubu on Media and Publicity, mentioned that the former president, Muhammad Buhari, had no knowledge of the depletion of foreign reserves by the ex-Central Bank Governor, Godwin Emefiele.

In a recent chat, Ngelale mentioned that most of the big expenses from the foreign reserves, reaching billions of dollars, were not approved by the former president.

The president's spokesperson said that the CBN governor is in charge of most of the apex bank's operations and also serves as the chairman of the bank's board of directors.

“What was done concerning the expenditure of billions of dollars from the foreign reserves was done largely without the approval or knowledge of President Muhammad Buhari and President Bola Tinubu.

“Yes, that might seem hard for some people to believe, but I want to explain how that could have happened.

“We have one of the few Central Banks in the world where the day-to-day CEO was the governor of the Central Bank and was also the chairman of the board of directors. He was essentially overseeing himself,” Ajuri said.

WHAT IS THE BRICS? Here are some things to know about the BRICS.

The BRICS is a grouping of the world economies of Brazil, Russia, India, China, and South Africa, founded in 2009.

It was formerly called the BRIC, having South Africa going in 2010, after being invited by China. The BRICS is considered one of the most powerful economic groups in the world.

The idea behind the BRICS is that the economies of the nations would come together and dominate global growth. Having a focus on multilateral trade and development.

The BRICS country makes up about
— 40% of the world's population
—26.7% of the world's surface area
—25% of the world's total economic output
— One-fourth of the world economy.

Having a combined GDP of $25 trillion, it makes this group larger than the US and EU.

The BRICS economy was at first grouped by an economist that wanted to talk about the major developing countries in the world, and It was a reference to a major developing economy. It was after this the countries involved saw it as a good idea to team up.

Members of the BRICS get a one-year chairmanship of the group on a rotation basis, right now south Africa holds the presidency of the BRICS

A good number of countries have shown interest in joining the group amid a world order to be dominated by the US and its Western allies. This year 2023 the chairman of the BRICS says over 40 countries have expressed their interest in joining the BRICS inclusive of Iran, Saudi Arabia, Ethiopia, Bolivia, and Argentina

Members of the BRICS are divided by the expansion
⁃China wants the group to get bigger because of the drag with the US
⁃South Africa and Russia hope to soften their diplomatic isolation
⁃Brazil is on the skeptical side
⁃India wants the BRICS expansion to be strictly on consultation & consensus

The BRICS have indeed spoken about introducing a common currency, to shut out the West's control over the groups of trading nations. They have also announced plans to trade with each other

One of the establishments of the group is the BRICS bank

The BRICS have also talked about building their undersea optical fiber to link all the member countries directly. The only problem with this undersea optical fiber is Brazil is the farthest away from the other countries.