Internet Security

Modernism: A legal analysis of Nigeria’s ranching debacle

The impeccable aspirations of section 14 (1)(b) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) (the “Constitution”), establish that “the security and welfare of the people shall be the primary purpose of government.” Although the purposive intent therein is excellent, however, the practical applicability and enforcement of that provision is at

The impeccable aspirations of section 14 (1)(b) of the 1999 Constitution of the Federal Republic of Nigeria (as amended) (the “Constitution”), establish that “the security and welfare of the people shall be the primary purpose of government.” Although the purposive intent therein is excellent, however, the practical applicability and enforcement of that provision is at best variable, and at worst, non-existent, regarding the political dynamite of open cattle grazing in Nigeria by pastoralists.

How can cattle grazing constitute political dynamite in Nigeria in the 21st Century, when the progressive world is at the cutting edge of Artificial Intelligence (AI) and computational thinking, which traverses transformative healthcare, precision defence systems, innovative fin-techs, robotics, social media, space exploration etc?

The legendary soul music legend, Marvin Gaye, in 1971, 53 years ago, recorded the hit song “What’s going on?” Although the context at the time was social upheaval in the United States, the same question could be posed within the extant subject matter. How is it that Nigeria is unable to effectively grapple with the banal issue of open grazing which commenced in Georgia and Florida, USA, in 1605?

The poser neatly segues into the recurrent lethal clashes between farmers and cattle herders, which has directly triggered loss of lives, displacements of farmers from their ancestral lands and extensive property destruction. Where is the government in all this and what imaginative policies have been executed? Afterall, cattle business is a private enterprise just like fish farming, pig farming, poultry farming, and snail farming in the country and the livelihoods of tens of thousands of farmers nationwide depend on all, not one, of these farming models.

What, then, underpins the ferociously devastating footprints of open cattle grazing in Nigeria? How is livestock farming developed and executed, applying modern practices, in an environmentally sustainable, peaceful and economically beneficial manner in progressive countries?

For starters, the global revenue meat market is approximately $1,460.00 billion in 2024 and market projections forecasting annual growth by 6.12% (compound annual growth rate 2024-2029). According to Statista’s 2024 analysis, China has generated the highest revenue in meat production US$273 billion; United States (US$131.60 billion); Brazil (US$37.07 billion); Canada (US$31.06 billion); United Kingdom (US$30.88 billion); Spain (US$22.70 billion), and Russia (US$22.60 billion).

Plus, the United Nations Food and Agricultural Agency asserts that livestock contributes 40% of the global value of agricultural output, supporting the livelihoods, food and nutrition security of over 1.3 billion people. These are huge numbers and the significance exposes the reality that the global livestock industry is a huge revenue catalyst and employment creator, which alleviates poverty reduction, food security and agricultural development.

In all those countries, modern agricultural practices, tech

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Internet Security

Oregon passes bill to establish legal control standards for digital assets

Key Takeaways Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC. The new law allows digital assets to be used as collateral and recognizes electronic records and signatures. Share this article Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the

Key Takeaways

  • Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC.
  • The new law allows digital assets to be used as collateral and recognizes electronic records and signatures.

Share this article

Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC).

The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money.

The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce.

The new law includes transitional provisions that maintain the validity of transactions made before the act’s effective date and provides a one-year period for existing security interests to comply with the new regulations.

Before these changes, there was legal uncertainty about how digital assets fit into existing commercial laws, especially when used as collateral or transferred between parties. The UCC amendments clarify how rights in these assets can be legally controlled, perfected, and enforced.

Apart from SB 167, House Bill 2071 is another crypto-related bill introduced in Oregon.

This proposed legislation focuses on blockchain and digital asset rights. It is aimed at protecting and promoting the use of Bitcoin and other digital assets in the state by limiting regulatory barriers and clarifying the legal framework for blockchain-based activities.

Some of the highlights of the bill include a prohibition on state and local governments from restricting or impairing a person’s ability to accept digital assets as payment for lawful goods and services, as well as the right to conduct peer-to-peer transactions via blockchain or digital asset networks.

The bill is still in the early stages of the legislative process and has not yet advanced to a vote in either the House or the Senate.

Unlike most US states, Oregon lawmakers have not proposed any bill to create a state Bitcoin reserve as of now.

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Internet Security

White House rejects parts of Trump advisers’ sovereign wealth fund proposal

Key Takeaways The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers. The details of the sovereign wealth fund are still under debate with no final decisions announced yet. Share this article The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary

Key Takeaways

  • The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers.
  • The details of the sovereign wealth fund are still under debate with no final decisions announced yet.

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The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at President Trump’s request, according to a new report from CBS News.

The plan, reportedly delivered by early May, follows Trump’s February executive order directing the Treasury and Commerce departments to develop a framework for a US sovereign wealth fund within 90 days.

The order fueled speculation that the fund might be used to acquire Bitcoin on behalf of the US government.

However, at the time, Bessent and Lutnick said that the fund would indeed focus on warrants, equity, and other non-crypto investments. Still, David Sacks, Trump’s crypto czar, indicated that Bitcoin could be included in the fund’s portfolio.

That no longer appears to be the case after Trump signed a separate executive order establishing a strategic Bitcoin reserve and a digital asset stockpile on March 6, which suggests a standalone approach to crypto holdings.

There were also rumors that the fund might be financed through tariffs and other revenue sources despite ongoing budget deficits. But Lutnick later clarified that tariffs would not be used to support the sovereign wealth fund.

According to the CBS News report, White House spokesperson Kush Desai said the Treasury and Commerce Departments have developed plans in response to Trump’s directive, but no final decisions have been made.

The administration, Desai added, continues to view the initiative as part of its broader effort to safeguard national and economic security.

Details of the fund’s structure and purpose remain under discussion, with no formal announcement expected in the near term.

Sources say Trump has not yet decided how the fund’s proceeds would be used, though he has previously floated the idea of it taking a stake in TikTok, which faces a potential US ban unless ByteDance divests.

Regarding the US Strategic Bitcoin Reserve and the Digital Asset Stockpile, Bessent and Lutnick are also tasked with outlining operational guidelines, custody frameworks, and acquisition strategies. These plans are expected to remain separate from the sovereign wealth fund initiative and are designed to be budget-neutral.

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Internet Security

Crypto Security Breach at Lido DAO Triggers Governance Response

TLDR Lido DAO started an emergency vote to rotate a compromised Chorus One oracle The exploit drained ETH balance and likely resulted from a hot wallet private key leak The issue is restricted to one oracle and is not system-wide Cybersecurity remains a critical issue for cryptocurrency and DeFi Over $2 billion in crypto was

TLDR Lido DAO started an emergency vote to rotate a compromised Chorus One oracle The exploit drained ETH balance and likely resulted from a hot wallet private key leak The issue is restricted to one oracle and is not system-wide Cybersecurity remains a critical issue for cryptocurrency and DeFi Over $2 billion in crypto was […]
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Internet Security

CZ Shares Security Warning After Ledger Discord Hack Exposes User Data

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing [……
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