Jeff is just adding the finishing touches on The final what's it called a tumbler on the final tumbler that we're live we are live. So it's Tuesday. It's two o'clock. Therefore, we're going to be doing art with you guys. Sorry, been so absent. We've had a lot going on. But we're here now may help you So if you don't have these little stands they come in usually have a little base with them, but But your husband does build airy stuff. Just use a one of those, but also you can use of these. So in today's video, we're going to show you start to finish resin tumblers specifically this jack o lantern version. Hey, guys. Hey, guys. Hey, guys. Hey, hi. Hello. And these are some of the other ones that we have loosely finished that are going to be in process today so that you don't have to wait so long in between. The steps because it does take some time for the layers of spray paint to dry, particularly when the outside looks like this. So, yeah, it's going to be trying to do what I want to do is this will be like the Jason mask. I want to go with Jason mask. So What I did first, I just taped it off, take this lip off because you don't want anything around where the lid goes because you don't want it messing with it.  Then I guess you need to decide I needed to decide if I want to do like I want it to be sparkly underneath, but I want it to be dark. This one I did here. I used black glitter. But then when I put the resin over it. Hold on. I'm getting off. You call it a topic. Right off topic. Just I guess off You're changing what you wanted to do. No, out of order. I'm doing stuff out of order, like I'm telling you all how to do something in Almost like three steps away from What I should have been doing. Okay.  You can stand it if you want. I just hit it with a piece of scotch bright When you get it because it feels pretty smooth, like I think it's powder coated, right? Yeah, you don't know. I don't think you necessarily have to sand it after you spray paint it, but I'm just going to go ahead and just hit it a little bit. Just give it a little tooth for The Super 77 Erica sometimes uses What is that called the spray adhesive? No, the Mod Podge Mod Podge. Sometimes you can use that. I've never used it. She's used it, but I think what I'm going to do, I'm going to use This is a little bit different black glitter that was super fine Which this is pretty much the same I guess when it's black glitter I have, I think a holographic black You want me to go look? Yeah, let's see what One second you guys Don't deviate too far from your plan B Well, I know, but see what the deal is This is going to be the bottom color that That's going to show through I haven't gotten to that part. I'm not going to skip it We're just going to, you have to kind of think backwards when doing these So as you can see There is quite a bit of glitter underneath here and basically what that is is what this is Whatever color you want to show through at the end is what you're trying to It's not a lot and it's actually more fine than, but this is rainbow Basically it's, it's, it's, it's painting Where do you buy your tumblers? I just got mine from Amazon You can find our Amazon link down in the description where we have Tapered and some are not tapered And these are slightly tapered The ones that I got from Amazon You got some as well That weren't tapered I guess you can see With the These are tapered. These are not tapered Okay It doesn't really matter But just beware Alright so now what I need to do is come up with To I guess should I try to do this? I don't know what you're trying to do This will be the black of Jason's eyes and the holes You know what I'm saying? Yeah It's kind of like this I spray painted I put the sticker down Because it's black underneath there And then I spray painted This So I'm going to take it away But there's that I'm going off of You need to dust it Pesitone So I think what I'm going to do So you're going to That's not scary though Like I guess it could be kind of Bloody underneath What color should I make is I'm just going to do this again This is a little more coarse Right Should I just Right What if I mix it I'm going to mix it with the red That's what I'm going to do You're going to mix it with the red Are you going to ombre it with the red It doesn't matter You ombre this one And I thought it looked so cute What we're doing We're taking the Super 77 spray adhesive Wherever you spray it Spray it over somewhere That you're not going to put your feet Knowing that Jeff is using Spray adhesive today Even I have shoes on Wild I definitely need those So He mentioned Using Mod Podge I don't use Mod Podge to Put glue On So that it holds the glitter I use Mod Podge to seal the glitter in Which I will do to this one In a moment There's patches On the center So This won't happen Once you seal it with Mod Podge Alright So We're just going to kind of Put the glitter on Also Mod Nope What is that Spray adhesive Particularly the Super 77 Smells horrible So if you Aren't in a very well Vanillated space Then just go outside And do it Mind your health I'm going to put You guys up here For a second So that I can Rescue this Glitter Oh I like that already You guys Tried making Tumblers yet to do. And remember, if it's splotchy, this is going to be covered up. I know I've been talking like backwards. I've been telling you all stuff that I shouldn't even be bringing it up yet, but it's it's going to be covered up with paint because this is underpainting. So what will do? Should we just do this in resin? Let's just show them. So the next step is basically getting it like this. This is where I put just all the glitter down and then I mixed up some resin. Also, I'm going to coat your green one in Mod Podge. This is boring. I apologize. I tried to I tried to make them a couple just so that we wouldn't have to wait. And that's basically what these others are for. But I just kind of want to show you the process of kind of what it takes to get a nice little. You may have to unwrap your tape a little bit. This is the not fun part of doing this. Because if you've been handling this, your tape is most likely bending inwards. And I'm just going to go ahead and take that. Yeah, that looks great, right? Like that. Hopefully it'll stay. Hopefully that ombre will stay when I put the red one. Let's see the tumbler. Just a stens. No way. What should we use for these quick coat or just regular? I would use the aluminum light quit. Aluminium light quit. We don't sell this, do we? No, but we are affiliates and they can use our code for an amazing discount at aluminumlight.com. Aluminiumlight.com? So this is what we use. epoxy resin is called quick coat. epoxy. The amazing quick coat. The amazing quick coat. Very important distinction. So he's going to seal that one in with resin. I'm going to seal this one in with my punch. The wild thing about that particular, all right, make sure you have your tape still on so you don't have that issue. First time I did this, I was like, I'm ruining it. I know I am. This doesn't look like it's going to do anything like what I want it to, but it did. Mod Podge is kind of like a glue and it dries clear. I would use a very loose bristle brush so you don't just scrape your glitter away. I've seen some people do multiple layers of Mod Podge and Glitter and Mod Podge and Glitter. I don't know if that does anything, but I'm just letting you guys know that it's an option that some people do. So can't wait to see the end product. Thank you. I bought a new cup Turner. Sweet. Well, what's going to be fun about this and the reason why I made, I almost made it all the way up till finish. I brought a finished one just so you kind of can see what it looks like when it's all resumed over. So that you wouldn't have to wait. Like if I did this, then this would pretty much be the end of the video because you would have to let this dry. So Jeff is arguably making too much resin for this amount of tumbler. You should only need an ounce or two, depending on the size tumbler that you're using, but Jeff and I have plenty of things that we need to coat in resin, so I'm sure. Arguably, I've used almost like, almost to that much doing. Okay. This dog doesn't do anything all day until we start going live. And then she just, it's like there's something in here she's chasing that we can't see. It's probably a fly because they're extra right now. That ombre is gone. Well, I can dust more of the blue on top of this. So do you guys at home work with resin? Are you new to resin? What do you think about resin? Tell me. I would love to know if anybody from Facebook that I posted an hour ago or less is on here. They were like, yeah, I'll check it out. I don't think we'll rarely get any Facebook friends on our YouTube live unless they've already been our subscriber subscriber. Yeah, we don't get a lot of crossover on our social media. That's not even yours. Well, she wasn't eating it. Yeah, she's carrying it around. I thought he has his own. So I should have taped up that edge, but I'm just gonna not put that resin right next to the edge. And I'm just pouring it on just white little strips because it will, it'll distribution itself. Distribution. It'll self level. There goes that. Yeah, it'll self level, but I don't want to mess with that fade. What I'll do is I'll just lightly spread it along as it's turning. I want to get a lot of this red over onto this black because I want to keep this fade. Well, being a bully back there. I'll go get him in a second. Jerry, well, if you have any questions, you guys can reach out to me anytime. I'm always happy to help. So I'm just like trying to tap just right there on the on the edge here. That's just about perfect. And like Erica said, this is a self leveling resin.  Time to see here. Nothing to see here. Two days of rain and moisture are out. I'm interested in seeing how this is going to dry because it's been that way here. Like very irritating, cloudy, not raining, but it just started raining today. It's been for the past three or four days, just cloudy. Oh yeah. And did you guys notice that the Texas Rangers are going to the World Series? Not this year, Houston. Jeff noticed this year. So you're having mosquitoes. I think I'll keep the flies over the mosquitoes. It definitely keeps canvas entertained. It's pretty, pretty funny, to be honest. That's true. Valerie, how have you been? We've missed you. When I try to do tumblers, I get a lump on the bottom of my tumbler. So what that is from is your surface not being level and all of your resin is either rolling down to the foot or it's rolling up to the rim. So you need to make sure that this plane, this top plane is level. And if that's the case, then you shouldn't have any bulky, lumpy areas. I've done even like the wine cup tumbler where that can be an issue. But if you just make sure that it's not slumping to one side, then you shouldn't, that should be mitigated. I think I used that word right, and it makes me feel super smart. These bubbles, we do have a little bit of resin left. A little bit. I'm going to stop this and let this kind of sit. We see all the, some of the glitter that has moved. It's crazy. If you watch this spin and there's a lot of glitter on it and then you look down at the table, it looks like the table is waving. Like it's super trippy. Let's get some heat. What this does is it pops the bubbles and it makes it nice and smooth. Pops the bubbles. I'm just like going basically over the top of it. I'm not, I'm trying not to hit it directly. So I'll let that set for a minute. I do notice there's a hair or something in that.  See this? He didn't add too much really, but because of all the extra resin he added on this top lip and all the heat he just added, there's a little bit of a bulb here. But it should level out. I try to move it with a stick. I'm gonna shut this window because every truck is deciding to hit that one pothole outside of our window. The pups are being too quiet. You guys being sweet? I'm watching you. Those of you. She's just laying on the pillows watching Bowie being, she's being a little sweetheart. Hey cat, how have you been? Valerie, we have missed you in the lives, but to be fair, the lives have been kind of spotty lately because I've been working on Crime and Crafts, which we'll post tomorrow and I've already filmed. No, I already have it uploaded.  So we added more heat so there's more drippy drips. I don't know what that makes it thinner so that it doesn't have as much of a bulge. So there you go. All right, so that step is done. You want me to take this over to over there? Yeah, so she's gonna walk this. So then right now, what basically what that step is, is this step here. This is all cured. That's what I just did. And I sanded the piece that I want to work on for y'all. Yeah, this is so sticky. So this is basically what I did. I'll sand this. Let's just do that. Just get a little Scotch bright. Get you a little toothed so you put in paint down and more resin. You know it's gonna stick. And now would be a good time to put your logo. If you have a sticker or a signature to put that on the bottom. If you're not gonna paint the bottom. If you're gonna paint the bottom, don't worry about that yet. I guess it depends on the coats of resin you're willing to put on these. So like this one here, this was after actually this step. All right, so sand it. And what I did is I cut out a jack-o-lantern face to put down so that I have something to go by when I do this next step. So I put the sticker on and then I just use gloss spray paint. Are you gonna spray paint that one? And let me dry this one a little bit more or are you just gonna jump right to that one? I'm just gonna jump. What's gonna happen? I know this is a little boring, but for some reason this comes off a lot more easy with a little less effort when you use gloss spray paint and acetone. So I bought some acetone, real can of it. I need clean rag and then some gloves please. Are these your new Halloween gloves? Yeah, these are my new Halloween gloves I got from Home Depot. Home Depot? They're good. They're very durable. Hey Sam.  I mean they fit nice but they look extra largey. Yeah they're they're bigger but so this is what's fun about doing this. I love the idea of taking paint off and there's something underneath which this is exactly what I did with this. Whoops, there's the microphone. So as you can see I spray painted it. This is basically think of the jack-o-lantern face as this flame. I just put tape on it and then spray painted it just like just like I did here. Took that off, took the tape off and then just started rubbing it with the acetone in just different spots kind of burnishing it so that those colors would come through and then the last layer would come through. This hasn't been resined yet but what it looks like when it is done is it looks like this when it's resin. So nice and shiny. The only thing I'm worried about with this one is the black glitter. Is it going to show through like like these glitters here? Well, you'll find out. So what we're going to do and this is fun but it's it's a little time-consuming and you can overdo it. Like definitely overdo it.  Get it a nice portion of your rag so you can have a clean area to do this when you're doing it. I don't know if y'all can see me but well not anymore. Okay, you're in. What I'm going to do is just should I take them? Yeah, you got to peel those off and then and take around it if you wanted to. Yeah, but this way I don't keep it cleaner. Yeah, just don't rub in that area. No, that's not the point. It's the point is they'll just keep it cleaner where this is at and then when I take it off by one I can just you know because then you can see the face. Everybody wants to probably see the face. It's hard doing this with one hand tweezers that don't match up at the end. Give me just a second. I'll go get you a different set of tweezers but this resin's getting hot. So this is what I mean. So let's say I take this off and I'm doing it then I'll literally make this disappear because that paint's going to come off. So let's let's just make some lines. We're going to do the lines first which I know is going to be so much fun. Let's see if we can do this right. Let's see what I mean. You really have to have a lot of acetone on your rag. And acetone evaporates really quickly. Super fast. So get you a lot of it. What I really wanted to try to do is make the lines. Now if we were using satin or matte spray paint he would be carving out that for a while. In fact in my crayon craft video I have to carve off the resin because I mean the spray paint because I use matte. So using proper tools makes a difference. I can't tell if I'm doing this straight so y'all have a perfect angle of. Not all pumpkin lines are perfectly straight. This is going to look so neat. If you need any more of this glitter I'm going to put it up. I guess you could airbrush to like really wanted to make this rounded so it looks like it's a rounded part of the pumpkin. Yeah I would love to come down and do another visit in Florida. So you're not wiping all the way down to the glitter. You're just wiping down to this. That's I'm telling you the black glitter is like disappeared when you put that resin on it. You had black spray paint under there. No this is all resin. Mmm babe. Okay. It's all it's because when I was spraying it with the orange I was like man this is really dark. I should have painted it white and I was like oh we'll do that. This is 100% the resin. Hey Sue. How's things in Aussie? I have that Burger King song stuck in my head. I'm trying not to say it out loud because I don't want to infect everybody but it may happen. So I know Evelyn does tumblers. Anyone else? I know Claire has done literally everything. I'm just trying to clean up these lines. Yeah because it gets pretty messy. It gets pretty messy and all you do is just hit it just a little bit. Oh you're splitting the top and the bottom to give it some little something. You see that's the good thing about this too. You're not taking it completely all the way off so it does look pretty rough. This is essentially what he's doing but he's making it cleaner than I did. It's kind of gross-esque. I don't want to be able to use my both my hands to pick this up. Can you hold this? Slash do you want me to get you a backdo or a different tweezers? Well but then again I'm scratching in so it just doesn't the insurance is paying too. Hold on we'll go get different tweezers. It's slippery. So slippery. If you're doing something spooky don't worry about it. If you got fingerprints or whatever if you started I'll pull it off. I probably could just grab this with my hand but it would I would definitely take fingerprints. I thought you got me but you didn't got me. Yeah see I'm glad I didn't do that. Take it off first and then do it because I think it would it would have hidden it. I think it would have got rid of the detail. I think y'all for being patient. It's definitely easier. It never goes planned. No never. This is the way I picture it in my head but when you're filming something it definitely goes wrong. So what I'll probably do with this to to make it a little more defined is when this dries like I did with this I'll just probably go over it with a like with a bright orange Posca pen. This is this is really dark and I don't think it'll grow on there with but y'all get the point. Do you guys ever do live on TikTok? It's just such a finicky audience. Our stuff takes too much time. People like watching stuff open and instant and 15 seconds and which I get it but we would we would definitely have to have a lot of them pre-done.  Loves are killing me. Dangerous game there little fly. The good thing about these is you can take them off and reuse them. You can reuse I saved them. It looks cool. You're doing great Jeff. Try to pull off tape with gloves. Sam's done a couple tumblers. I've never done one. Love to try though but I have to get a spinner thing first. They're not very expensive. You can just get them on Amazon. I think that pink one we used a second ago. I think when I bought it was like 18 bucks US. They're not. They're a little definition. A little extra spooky. Probably pushing down on this because I don't want this paint to come up on this.  This is an old pen too. It'll be fun. Valerie says I'll try to tag y'all when I use the products I got from your shop when I post on there. I'm still new to the app. Well I really appreciate that Valerie. We're trying to set up our TikTok shop right now but the fact that I have IDs with my old name and my new name when I just got my social redone from getting married y'all I guess because of COVID the time it takes to change your name is excessive. Also I'm so over it with a D&D but yeah we would love it if you would tag us when you use our stuff on there. Do you know us from. No Valerie's been famed for a long time. Yeah. Well before TikTok. I really want to do the TikTok because I want people to know who we are. You know I'm sure they already have their resident people and what not but the more people talk about us there's a couple creators on there and stonecoats on there so they're getting their name around they use our stuff and we'll be we'll be there. They're like it's been all we could do to keep up with YouTube lives on TikTok unless we just do like we said we were going to do and set up a TikTok camera and then unless OBS gets it together and dual streams like Streamlabs. We appreciate it so much Valerie. See I could take this and put some acetone in kind of but I don't want to get rid of the the shape that's what I was worried about if I took that tape off and doing this then all that shape would be gone. Understandable. I would probably just clean up a little bit of orange that's in there but then be good you know. Yeah well we can use a Q-tip later you don't have to worry about that right now. I know I'm all trying to learn how to post cool videos on there. From what I've learned with TikTok is short and sweet and use flashy things. They love glitter over there. Can you use Montana metallic permanent paint in resin? Well are you talking about Montana or MTM? Either way you can use spray paints in resin but be advised that because spray paint has propellant in it it could amber your resin additionally I mean over time not like immediately. That's why a lot of the countertop channels like Stone Coat and RK3 and I think probably the Franklins they've all moved away from using spray paint in resin because of the propellant and how thin it makes your resin compared to the rest of it. If you use it for like a highlight item or just very sporadically and it's not like the main thing in there I think you should be fine. That's what it could do. Take this. MTM. I've heard of MTM not MTM so it kind of looks like it goes up into that. Give it some. Oh yeah yeah yeah yeah yeah that looks good. MTM okay let me show you what I was assuming you were talking about because we actually have a lot of Montanas however they don't say MTN on it but they are MTN. Oh this is what I thought you were talking about. Where are you? Where am I? Montana. So I'll have to look up MTM. Looks awesome Jeff. I love it. I appreciate it so much Cat. I hope you're having an amazing lunch. Sounds delicious. MTN is what I meant. Okay so yes you can. You can use Montana paints in resin just like I said be careful not to overuse it when coloring your resin because it can kind of degrade the durability. Do you really like your jack-o-lantern pumpkin? See it's like if I if I planned it out what would be fun is to um when I painted this originally like when you paint it first and put just imagine if I if I if I drew out the jack-o-lantern face on here and then put like black red orange yellow white like inside the eye so it looks like it's glowing with glitter that would be fun. Well you've got to have to do it you know exactly every time but and then once this I mean I guess you really don't have to wait till this is dry right to do what you put resin on it you should. I would let well since it's orange and black it's not gonna do anything crazy if it were a lighter color one I would recommend off gas for like 24 hours but so hey JJ what's up getting ready for cold weather is that an acrylic paint pen so yes all the paint pens we use are either Molotow which is an acrylic paint pen or Posca which is also a water-based paint pen uh the only oh look at that makes it look scary rough beat up this pumpkin's been through it well it's supposed to be a scary pumpkin I like the scary pumpkin uh what was I saying oh yeah the only paint pen that we don't use nope the only paint pen that we use that is not acrylic or water-based are the gold and silvers they're enamel based. What do you guys think of the scratches? Well see what I could do also take the airbrush and make it kind of fade it off then what I thought when I do when I put the clear coat of resin over this add just a little bit of sparkle maybe very small hint of sparkle oh good just a little bit but that's what I wanted I wanted to be very rough and a spooky scary one love you Clara Heidi says it's so cool thank you very much Sue in Australia says I love it we are still planning out our trip to Australia it'll be in April but we'll be there so B is that a wrap I think it's a wrap so we coated this one all this left to do on this guy is resin and we resinned this one yeah not necessarily the same design but you get an idea yeah each each step was talked about do y'all know what's the best way to seal a drawing I use black marker watercolors and gold ink is it mounted mounted on anything or is it just like in a notebook I tried to resin this one vertical to use the rest of that epoxy I feel like it'd be fine well it's not the final layer it's just to seal in the glitter but then when it's done doing that I'll sand it and so does anybody have any questions I can answer what color is that red glitter it's a gorgeous um it is just like a crazy I think I'm out of red glitter so yeah Valerie shoot me a message either a text a DM on Facebook or a message through the website and I'll help you figure out how to seal in that did you guys ever notice pumpkins all all but they do not celebrate Halloween and I always see commercials on sundays for them and not even open on sundays no but they just don't work on sundays well yeah same reason I know but I want to go to Hobby Lobby I always want to go to Hobby Lobby and Chick-fil-A on Sundays I think everybody does so I hope you guys have an awesome awesome evening I hope this was helpful if it wasn't I think it was helpful and um yeah we will see you guys tomorrow night for the premiere of the first crime and craft tonight we will be that was so scary tonight we'll be over on rk3's channel helping moderate but we'll see you guys tomorrow evening be kind of one another because you never know what someone's going through and always remember we try to do the tests so you don't have to you don't have to we'll see you guys in the next video now that we're done that one's sleeping that one's sleeping we got worn out trying to distract from the video all right you guys see you tomorrow


Good afternoon, everyone.  Well, my topic is a very relevant one, especially in these times when everything is best done from a distance without having to touch or physically contact anyone or for that matter, anything. In fact, I would go a step further. I truly believe that COVID-19 pandemic has been an inflection point to bring about a radical change and not only how bankers think about their industry, or we focus on some specific industry, but the nation as a whole. It has affected the society at an individual level and is also bringing about changes which are going to stay permanently, thereby becoming the new normal. And one of those changes, I believe, will be India becoming a more or more cashless society. The seeds for the required desidation were sown much earlier and the groundwork that has been done in the past was instrumental in propelling India towards being more and more digitally reliant. The last decade has shown a decrease in the use of cash in India and this is likely to continue in the coming years, but I mean, I'll give you some data points later on. But if we turn our eyes to the future, I do believe that India will move to less and less cash and that will happen soon. It is not far away. If you look at what is happening globally, the cash and digital modes have coexisted for decades, despite a robust card payment system. Even the US and China, the world's two largest economies, have a cash to GDP ratio over 8% and India is way higher. But if you look at lessons from some of the Scandinavian countries like Sweden, Norway or Denmark or New Zealand, cash is fast vanishing. Sweden, for instance, has cash equivalent to less than 1% of its GDP in circulation. Remember, I just said China and you are at a date. Besides widespread and stable broadband connectivity, what has also worked in favor of some of these countries is high acceptance rates with even small store owners always insisting on digital payments. Sweden today has the most aggressive policy to become cashless. Many Swedish retailers do not accept cash and only 20% of all transactions in Sweden are used, are paid using cash. And now if you look at, I'll just point to some of the experiments that are being done across the world in trying to create a cashless society. So there are some interesting examples I wanna share with you and they are mind-boggling. For example, biohacking is becoming popular in Sweden. Thousands of Swedes have now microchips implanted into their bodies so that they don't need to carry key cards, IDs and even train tickets. The biochip allows them to enter their office, gym or home or unlock the computer or smartphone by simply waving the hand in front of it. A Polish British startup, Wellmore, has created the world's first microchip implant that can be inserted under the skin and used to make contactless payments at any card terminal. Moscow Metro is planning to launch facial biometric payment. Passengers using the Moscow Metro will be able to pay their fares at metro stations just using phased biometrics by end of this year. So as long as you submit a biometric information it is possible. In China, Alipay and WeChat are often facial condition payments and both Alipay and WeChat payment systems are offered by many retailers in the country. Currently between 16 to 20% of the new POS machines of WeChat which are called frog machines, users pay with phased biometrics. So in 2018, by the way, a Danish firm called Bychip released a new generation of microchip implant that is intended to be readable from a distance, not close distance and is connected to internet. And the list goes on and on. So biotech is being radically democratized much the same way computers were in the 1980s. Implants are only a part of it. In the near future, we may have one inserted microchip in our body which will act as all in one for identification, for passports, for health data storage and obviously also as a payment device. So after sharing all that with you let's look at where India is today. But the Digital India program which is a flagship program of Government of India with a vision to transform India into a digitally empowered nation has taken multiple steps in the last few years and I just want to rush through them because I'm sure all of you are aware. So for example, Jam Trinity became the foundation of India's digital governance structure. India has witnessed numerous schemes that facilitated the public distribution system for people across the country. But the supply chain was broken and there were leakages worth thousands of crores each year. Rampant inequality was another hindrance to the country's development. So with increased digitization in rural areas and I'm sure you're reading about how Bharat Net is, there is auction on where Bharat Net will be rolled out by contracts given out to various parties and a lot of people are bidding for it. The problem is how do you connect 1.4 billion people across the length and breadth of the country and that led to birth of Adhar. Then Adhar led to opening of Jandhan accounts. Today India has more than 40 crore Jandhan accounts and 1.4 lakh crore deposits in those accounts. Mobile phone became the third leg of this Jam Trinity. So now with Adhar, with Jandhan accounts and mobile, you can actually bring it all together and it has helped move distribution of benefits from cash to cashless straight to the account and has obviously now become a foundation for digital governance in India. Today credit cards and online payment services are becoming popular in the last one year from June 2020 till June 2021, UPI, which I'm again, sure all of you are aware, based digital transactions have increased by 110% in volume and 109% in value. During COVID, India was home to the highest number of real time online transactions in 2020 ahead of countries such as China and the US. This was possible because of the infrastructure that has been created over the last eight to 10 years. For example, even in access, we are constantly working on improving our mobile apps user experience, strengthening our UPI infrastructure, improving uptime, providing reliable services to our customers and we can see the results. Today our mobile app is really one of the best apps in the country. So every financial institution starts with looking at the government infrastructure that has been created, then building trust, providing best in class user experience to customers and we are hoping that as that happens, the hesitancy towards digital payments will come down drastically and more and more people will start using it and once you start using it, it becomes almost impossible for you something else because it's so convenient, it is so easy to do. But then the major question to ask is with India having perhaps the only government created infrastructure for cashless payments, for digital payments, why India is still far behind and what are some of the big challenges will still face which need to be overcome before we get to a cashless society. Paper based payments in India continue to occupy a considerable share of 61.4%. Paper currency nodes are still an essentially essential part of digital life. India's currency in circulation touched 14.6% of its gross domestic product in 2021 which is higher than 12% that was before monetization. So on one side, you can almost say, oh God, we are going in the wrong direction. The reason is around 80% of the working Indians continue to be employed by informal SMEs and this sector produces close to 50% of our GDP and most of these Indians are paid in cash and don't forget the digital divide still remains huge as more than 40 crore people still don't have any access to internet. Spatial divide is also huge with the internet density in rural areas where more than 60% of the people live is still low at 25% compared to internet density in urban areas which is 90%. So digital divide is also being across the leading and lagging regions with states like Bihar and UP having very low internet density. And so this digital divide is still very huge. India digital sector still account for 10% of GDP which is quite low in compared to some of the emerging economies while e-commerce revenue has grown exponentially it still remains 5% of trade in India and still even today more than 80% of all retail transactions are made in cash. So on one side while we have seen a massive growth in terms of its market share and overall scheme of things is still very, very low and the speed at which we are bridging this gap is also not good enough and we need to obviously do much more work. So for example, KYC is no your customer. Yes, compared to 10 years back we are much better off and today we have Adhaar based KYC, eSign but digital KYC mostly revolves around Adhaar and Adhaar has its own challenges and limitations. It will increase its reach if the customer has multiple digital KYC options riding on national and state level databases like Russian card, electrical data, centers data, et cetera. Regional languages is another problem less than 15% of the Indian population speaks English. So there is a huge need to make the content and communication of level in regional languages that will be understood by major section of the non-English speaking community. Look at what has happened on the vaccination side. The worry is that a lot of the people in rural India cannot access the COVID app and book themselves for getting vaccinated. So even an access, for example, when we're looking at this problem, we realize that we need to localize ourselves and we are already working, for example, to make our app and website available in all kinds of regional languages. Then we also need to look at innovation beyond internet and smartphones. Around 50% of the mobile phone users in India are still using feature phones. And that's a very, very large number. So you can say, yes, internet is reaching rural parts of India and we are going for Bharat Net, but if 50% of the phones are still only feature based, then we have a problem. So we need to obviously ensure that we can create, Reliance is talking about it, for example, to create phones which are smart phones but available at a cheap price. Something needs to be done about that. Another thing which comes in the way of cash to society is education. Literacy rate of India is still at 74%. It means close to 25% of the population is not skilled to participate in any sort of dataization agenda, including digital payments. So we need to find a mechanism to upskill them, to make them part of digital India. Then we need to do hand-holding and training. Many of those who have access to internet and digital payments are either skeptical about using it or don't know how to use it. So the need of the hour is to train and hand-hold these people to use the platforms which are available, how to use the app, how do you use the platform, where you can use it, et cetera, et cetera. So for example, in access, we do multiple customer campaigns on explaining how the apps can be used, website or UPI and also how frauds are being done. So one of the other problems in, obviously for embracing the digital way of doing things is let's call it in the under the broad umbrella of cybersecurity. The year 2020 saw one of the largest numbers of data breaches in the world and in India. The total number of brute force attacks against remote desktop protocols jumped from about 1 million during early 2020 to around 3 million mid 2020. By early 2021, the average jumped to about 9 million attacks. So within a span of a year, we have gone from one to 9 million attacks. Hence to truly go cashless, a strong data security architecture is the key enabler and shouldn't compass all the internet, mobile and e-payment technologies. I'm sure you have come across a number of your senior members in your families who are afraid to embrace digital because they might have faced situations where someone tried to fool them on the digital infrastructure side, tried to fool them in terms of revealing their passwords, et cetera, et cetera. The mobile phones have been taken over by people who hacked into them and then they've transferred money out. And the incidents of this, the frauds happening because of lack of understanding, training is also increasing many fold and police is not able to go after a lot of these people. I mean, you've seen the web series also around this and one of the oddity platforms. But yes, the government is very focused on it. Government wants to create a cashless society. IRBI has set the ball rolling for a new umbrella entity for retail payments. So apart from NPCI, they want to create or give licenses to more entities so that more innovation can come to the marketplace. A number of applications have been received by IRBI and when hopefully a new license or licenses are given, hopefully more innovation can be brought to the market and the only way these new companies can make money is to take it to the parts of India which is not using digital payments today. So in my view, I truly believe that we are moving in the right direction and inching closer to our dream of a digital India, even as we speak, but there is a lot of ground to be covered for India to become a cashless society. I gave you some insights on where some of the work is required. Had only 10 minutes to speak. So thank you once again for the positive speaker and giving me a patient hearing. Thank you. Very happy to take on some questions if there are. Thank you, Mr. Chaudhary. Yes, you rightly pointed out that it's a journey started long back with Adhaar and the other administrators and during the pandemic, had there been no systems of cashless payments, we don't even, I mean, we started to understand how good things would have happened. So even a couple of questions that we have got and we have got a couple of minutes only, So there's this question, Mr. Chaudhary, which says that, do you think that cyber crime regulations and the zeal to move to cashless economy for India is not instinct? Yes, I think, you know, end of the day, the people who you talked about cyber crime, the thieves sometimes tend to be ahead of the regulations. So, and sometimes the regulations need to wait for things to evolve because before you can come out with the right kind of regulations also, you might be a bit blindsided if you impose all kinds of rules up front, the cashless part might never take off, the platform might never take off because there are too many rules. So you need to strike the balance, you need to allow for innovation. At the same time, you need to be very, very watchful for misuse of that platform. We are seeing misuse, we are seeing hackers and people who are, you know, taking a lot of people, I mean educated people for a right because we are quite vulnerable. And they know exactly what part, what, where is the vulnerability? And they use that to gain access to our accounts or to our passwords or to a mobile phone and cyber crime obviously is rising and rising rapidly. But I think the government is fully seized of the matter and it's not just all the constituents are coming together, the banks are coming together, the center is coming together. There are police forces who are engaging with the banks to see how we can work together to ensure that some of these culprits are caught, we are making our platforms also tighter. We are coming up with algorithms which catch sudden payments much faster. We stop those payments. So if someone suddenly starts transferring money out, we allow, maybe one might go through, but at the second one, the banks will invariably use their algorithms to start asking more questions, delay it, stop it. Now the banks are also well connected. So ultimately the money moves from one bank account to another bank account. You know, the whole system is now coming together to ensure that unless cash is taken out that the money ultimately is lying in some accounts, it can be pulled from that. So yes, the regulation is slightly behind but they're not working at contradiction. I think they will continue to converge, converge more and more. That does not mean that these will remain where they are. They will find new ways to take advantage of the system. But you know, it's an evolving mechanism and it's an evolving infrastructure, an evolving scenario. Hopefully the incident of frauds and some of those things will come down. Finally, it's a human nature to act vulnerable or become vulnerable very quickly. If people were not, I think some of these things will not happen. Right, right. Mr. Jyothi, we'll take one more question. So you spoke about that. It's very important to convey in there with the customers in their language. And I think there was always a RBI circular that you know, banks need to communicate with customers. But there's a question that more often than not it is seen that even uneducated people are given passbooks in languages they do not understand. And also one more question which I would like to add to it that you know, even if we do communicate in the language of their choice, the number literacy problem, do you think that remains, still remains a big problem? No, literacy is a problem as I pointed out very clearly and I am talking about 25% of the people are educated. The people we are calling educated also maybe in many ways a lot of them are uneducated or they're not number literate, as you said. They are not computer literate. They're not, you know, apps literate. So in that sense, the portion of population which cannot deal with these applications or these statements is still large. But see, it's a journey. Earlier they did not have an account. Now they have an account. Now a lot of them have learned how to read those account statements or at least they know what balances are and how they can transfer money simply from one account to the other. So more and more population needs to be roped in to open accounts, get comfortable with them, start using the infrastructure and gradually as UPI has become ubiquitous, you know and you see for yourself, the lot of people you never imagined could use apps are using those apps and getting comfortable with it and not getting fraught in the process, right? So I think things are improving, but it's a journey and India has a longer journey because of lack of internet, lack of education, literacy, people being a bit vulnerable and so on and so forth. So it will take time. You have to be patient, but we'll get there. Sir, one last question. So there's a question. They said that when wallets came, banks were very of wallets and now cryptocurrency is here and banks and the government as well seem to be very about it. What's your view? Well, the government is very of cryptocurrency for other reasons because they believe the cryptocurrency allows people to use that platform to remain anonymous and that is something which is not issued by the government of India. So you are bought by the government at large and as a result, there is alternate payment mechanism which is existing in the country which the government has no control over which makes them very uncomfortable. So RBI and some of the other central banks around the world, including China for example, are very clear that if there is a digital currency to be issued to be issued by the central bank rather than someone coming up and starting their own currency. But you look at the market cap of all the so-called bitcoins or cryptocurrency out there it is already very, very large. A lot of it might be because of speculation but it is an alternate mechanism which is available. A lot of people are using it for speculation or for all wrong kinds of things which they want to hide from the governments but it's an evolving situation. I do believe that India has taken a very clear stand that they will not allow cryptocurrency to very survive or to be issued in India. They are saying, obviously Supreme Court has come out with a judgment saying that it is the right of people to deal in cryptocurrency but I'm sure at some stage a legislation might come out once a digital currency is launched which will restrict the ability to use other cryptocurrencies and make people converge onto the digital currency which RBI might issue. And there are very legitimate reasons for doing it. Mr. Chaudhary, there are many more questions and hope we had time to take all of them but we have run out of time. Thank you so much for joining us today here. It's a real pleasure to have you and your views on the FinTech and the cash place economy is going to help a lot of people who are attending here.


James and Aaron Boone talked about how you did a good job getting ahead of guys in the count but then weren't able to finish them off essentially. Why do you think you struggled getting that final strike? Yeah, I don't really have an answer to that right now but that's a good assessment. I thought I got a lot of good counts and then just didn't use those counts to my advantage. You know, the whole point of getting in advantage counts is to be able to make a good tough pitch and to put them away quickly and I wasn't able to do that. I don't know if it's a pitch mix thing. I thought the heater was spraying up a little bit when I wanted it to just be at the top. So I'll go back, watch the video tomorrow and I'll make the adjustment. Next question goes to Piquel there, please unmute. James, second inning, your strike away a couple of times from getting out of that inning. Is the sequence with the eight and nine hitters, is that the sequence that's kind of going to stay with you tonight? Yeah, there's probably three things from that inning. The first one being the hit-by-pitch to Guerriel with two strikes, that can't happen.  I'm not really a fan of, he didn't prove that he could hit the heater earlier in the count. So if I could go back, I'd take that pitch back but you can't. And then, yeah, the three-two curveball got through the hole there. So I put myself in that bad situation there in the second, let the inning kind of get away. We can take the next question from Ken Davidoff, who's on you. Hey, James, just, I guess, the disappointment in having to put so much of a burden on the bullpen guys today. Yeah, yeah. They've had to pick up some innings for starters, not named to Garrett, a few times. So, you know, I was able to get that pitch count up and wasn't able to match the innings with that. So, you know, they did a good job to cover the innings and to keep us in the game there and make it interesting late. But yeah, I mean starters, you know, if our bullpen is going to pitch really well, not just now but throughout the entire year, we need to, you know, optimize the way they're being used instead of just forcing them to run out there early in games. Thank you. Next question goes to Brian Hoek. James, that pitch count really got up there in the second inning after you had eight pitches in the first. How much did that kind of take out of you later on as you went in? Yeah, yeah. I mean, I was losing my legs there a little bit towards the end. I put myself into some really deep counts and just put myself through it there in the second. So, you know, again, as a starter, you want to go deep into games and having that long in the inning doesn't help.  And you just alluded to it before, you know, starters not named Garrett. Garrett's obviously pitched very well. How much are you guys trying to kind of pick up the slack and, you know, match what he's doing? Yeah. Yeah. I mean, I think the good thing about this group is that we're all pretty self-aware. We know we need to get better at, you know, we like studying, we like reviewing what we're doing. So, I think the adjustments will be made. But right now, obviously, you know, we're not getting deep enough into games. We're not getting it done. So, yeah, we need to start picking it up. And I think we will.


Okay, first up if you have a Raspberry Pi Pico W circuit pythons on the way here is a glimpse a glimmer a preview a Premonition of the future Well, this is a Raspberry Pi Pico W also known as a py cow and this is the board that Raspberry Pi just came out with that has an RP2040 and A Wi-Fi Bluetooth module built in and it's really cool and this one's got a special thing going on when I plug it in You see that LED that's blinking. Yeah, well that LED is actually controlled by this module So if I want to blink this LED I need to have firmware that's talking back and forth here like communicating to tell this firmware to blink the LED and This is not micro Python. This is circuit Python As you can see here, that's right So we have started on a build for the Pico W for circuit pythons It's gonna be the easiest way to do IOT and we've just got the LED blinking and there's more to come Okay, so this is the logo For nudes and we wanted something that conveyed the the noodle like nature of it Signed me on signs and more so I wanted to like show our work with this so in New York City Pretty much where I walk in the morning site. I walked it to Chinatown. There's a there's a place I go down there when I go for a walk and There and back there's a bunch of noodle shops Some on the outskirts summer You know pop-ups that come up once in a while This one was nudes NYC and I thought they had like kind of a cool looking logo I'm like, all right. This is called nudes in the city and then this one was send nudes and this is on Mott this is one of the places I walk to and They've had pretty good noodles and then here's an LED sign Or sorry neon sign and I was like that looks like LEDs and that's a step. This is like the third one Yeah, and then a lot of nude places and then there's shirts That are for sale Down by Canal Street. That's a send nudes and it's noodles So the idea was like how do we capture the eye the There were noodles are referred to nudes, but it's also kind of you know funny And then we also wanted to have something that was like neon and LED looking and kind of the steam coming off And we also had some ideas like maybe it would be a sign And you can see kind of the evolution of this and we the the bull definitely kind of stuck and Then we said well, you know There's also maybe we could have something like a light bulb to show lights and then we just settled on, you know these these two and then this this logo We're starting to do more animations with our logos because I think at this point everything's a screen and a battery Yeah, and and everything is moving or can be moving Sometimes and so that's um, that's the evolution of this and it's been something we've been working on for a while and Them's our nudes. It's a nice design. Yeah That's up secret, okay


Alright, so according to a news source the president in a letter read yesterday by Senate President Ahmed Lawan said that the fresh 800 millionaire loan will be used to scale up the National Social Safety Net program. Right? To assist poor and vulnerable Nigerians in coping with the cost of meeting basic needs. He wrote, please note that the Federal Executive Council approved an additional loan facility to the tune of 800 million dollars to be secured from the World Bank for the National Social Safety Net program and the need to request for your consideration and approval to ensure early implementation. He further added that the program is intended to expand coverage of shock responsive safety net support among the poor and vulnerable Nigerians and this will assist them in coping with the cost of meeting basic needs. Now considering our current realities, right? Do you think President Muhammad Abu Hari's 800 millionaire loan is the way to go? Now please let's hear what you have to say. Remember you can join the conversation send us an SMS or WhatsApp to<PHONE_NUMBER>-3 can also tweet at us at Weissho after one with the hashtag Weissho. I have a lot to say, right? But I'm going to hold my peace and let me let all the ladies go first. Who wants to go first? Mary is definitely not in the mood for this. I don't know if this is the right way to go but we don't have a say in the first place because they've already signed it so what's really the point and we keep borrowing money and I think there are other ways we can you know help the poor because are you going to distribute this money to the poor people? That's what they've said. That they're going to distribute it as per the COVID distribution awards. Like how? It doesn't make any sense. We all know that that's not what's going to be done and I think it's just very sad that they kind of take us for a fool because I don't know why you would just come out and announce this kind of thing and obviously I'm trying to imagine like the people on the streets here in this and they're just looking at how hopeless it seems because where do you want to complain from? Where do you want to start from? You know the people at the top are just signing budgets, taking the money. He's going to leave the office when? In a few weeks and his own share will be done and he's saying oh I'm done I'm done with the country I'm not even going to stay with you people. And yet you're signing a large loan you know leaving the country in a larger debt so it makes no sense to me. Nigeria's problem is pretty much beyond me. I can't see it for your body language. Like everybody just do their best. God for us all. God for us all you know spread love like I'll say but I mean to be honest this I don't think it's the way to go I think there could have been other things I'm not really into the whole financial sector but I'm very much sure that there are a thousand and one ways we could have avoided signing this large amount of debts into our books. Uti, let me come to you. You can't spend what you don't have in such a reckless manner. I mean first and foremost to be fair the present has been consistent. He is top of my head I'm trying to make sure this is the right word. He's a socialist. Everybody will be okay. I just want to give everybody fish you know whether it's sustainable or not. It wasn't the 800 million that shocked me. If I take the trajectory of this government and leadership in general in this country you have a huge trust issue where you should be like working your tail off to improve your perception within the populace to build your trust to build transparency right that should be your focus. You should be addressing what is extremely important to the general populace so that the people believe that they have a voice so that people believe that you know what their problems are. This is the best you're going to do. It reeks of anybody that watches the show knows me. I don't just like the less bash for bashing sake. I always try to look at things as objectively as I can and when I saw this I just thought I mean there's just no soap to wash this clean because the truth is I mean there's just too many problems around this. First of all it's the last one. It doesn't make sense it doesn't make sense where it makes sense it makes sense. You have a few more weeks in office. This is a very tentative period. As far as I'm concerned it's the good lot that's keeping this country together right now. This is a very tentative period. You don't want to do anything. There are a lot of angry people. You don't want to do anything to tip the balance. Then you rock up one morning and say you know the best thing I'm going to do right now is I'm just gonna go and take more debt. Let's not stop at a 10 million, 20 million, 100 million, 800 million dollars for the sky and let's go for 800 million dollars. This is I'm just going to mortgage your entire future. Now what hurt me even more was I said okay let me see what this 800 million is for. Are you trying to maybe give quick allocations to maybe the infrastructure projects that you you know already started. He's done a lot in that space whether it's whatever it's the railway you know all the different projects and plethora of things that are going on all across Nigeria. Maybe it was that so that I want to leave a legacy of maybe I've done these projects and I've created revenue and I've given us something that you can you know leave and hold on to. No no no it wasn't that. Now I then saw the national social safety network program at first I thought hang on is this a defense system for Nigeria? This is how my mind processes things. So I had to go back and check that you know a couple of days ago I think it was last week there was something in the news about Ukraine deploying this massive technology from America that allowed them to stop a certain type of Russian missile and you know fantastic. So I thought here's it something like that. No I'm serious guys and I thought that that was it but no then I saw the word in there social I said I can't be. So what is it? Then I read a few places and asked a few people and they said no that the program is a social intervention program that will stimulate activities in the informal sector improve nutrition health education and human capital development of beneficiary households. Again sounds wonderful. I'm going somewhere sounds great and then I kept reading. So now to do all of these things that I've read nutrition health human capital you know all of these fantastic things please how much is each household now gonna get this is where it gets absolutely wonderful that we are now going to offer a whopping you are going to offer a whopping sum of 5,000 a month to 10.2 million poor and low-income households for a period of six months with a multi-plyer affects on about 60 million individuals. Again I don't know how to sell this one because I don't care what kind of society you are in. 5,000 naira will not last. So it is not going to educate your children because they can't pay school fees even in the government schools. It's not going to feed your family for a week it's not I mean a one person will feed themselves for maybe three days with 5,000 naira. I'm trying to be positive here. So what you've essentially done is put us in debt to give people fish. You didn't say I want to direct this to a couple of nets that will make a huge impact. You didn't talk about education I mean I saw somewhere where the Asu chairman was forming at the mouth about this whole thing about how can you spend this money on education. All of these things I'm like so now Utti how do you come here and then try to say that you will give the government a break. There's a lot of things wrong here and I am upset because I am one of those people that I give you the benefits of the doubt. If you do something good I shout but today my mouth is closed because I am shocked. So let me will now help you Utti. You know where the thing that killed me finished in this country. A country that has refused to take census. A country that refuses to get appropriate data. How did you come about calculating 10.6 million households out of the 200 million? Out of the 200 million that we are not sure of our numbers. Let's just say 200 million. Do you know what I'm saying? So you cannot like I don't understand.  Do they go back to review what it is that they're doing. 10 point whatever million you have not done census. You don't know your numbers. You don't know how many people are truly in need. Then in your current economy as a country what exactly can 5,000 Naira do for you as a person. Somebody will come up with me and say forget it. There are some people that with 500 Naira they can feed. They can do this. They can. Yeah but even if they can do with 500 Naira. No, no, no, no, let's even take that argument right because yes I mean with 500 Naira you can have a meal. It may not be a great meal but you can have a meal. So my point is it's still 10 meals in the grand scheme of your life. There are 30 days in a month that you can't even eat once a day. So the point is right. I like the the direction that you're going in about the census. I mean again when I saw this I know sometimes when they try to cover your eyes like they try to distract you then I see all these monies are going to be distributed electronically. It's me you want to wash. So wait now. Nadia bide go. No. So before you even go to wanting to take it digitally that's why I said I like where we started from. What is the assessment criteria to pick 10.2 million households out of the entire scope of Nigeria? What is you know because there must be some assessment. There must be some parameters that you would use. So what is the assessment? How is it going to be done? We have data issues in Nigeria. We have the, what does that have to call it now, the people that don't have any identification. Yes. You have all those guys right. Yeah. We don't even know who you are. We don't even know who you are. Whether you exist coming back to your point about the census right. We don't have any of those things. So is it because for me to transfer electronically that means is the people that have BVN, people that have account number. And guess what? If you want to change lives it's not those people you need to give $5,000. Exactly. We don't even come to back to even this electronic transfer. Now we have seen and this is not something that is actually strange to a lot of Nigerians. There will be a location. So I was talking to, what's her name? The football, sorry not football, the huddle champion. Yes, the world, what's her name? Tobi Amusa. And she said that, you know, she was very visibly angry that she went to, they flew her into Abuja. They saw the razzmatas, did all the pictures, took all the things and said, oh, they had allocated this, they allocated that, that till tomorrow. Everything that they said they gave her in Abuja, she has not used her eyes to see that, if they gave her maybe yesterday that she's not aware of. Do you know what I'm saying? This is something that it is even televised and all of that. This I know. First of all they will never do it electronically because you see in Nigerian system, right?  You first of all keep $5,000, right? You keep $5,000 and you take $5,000, you give it to somebody that will take $3,000 out. At the end of the day, it might just be like a $1,000 that will get wherever it is that needs that money. And they'll say they shared. Do you know what I'm saying? But in the mind of the precedents, $800 million has been disposed to 10.8 million people.  If they even did it electronically, let's even say, okay, yes, they called all the banks, okay, they want to disbose this money. I will not even be paying. I know how the system works in Nigeria.   Because guess what? 80% of that money will go into the coffers of people that are already wealthy. So when Governor Shula was doing the housing scheme, sorry, Mary, Governor Shula was doing the housing scheme for Lagos State, the one that I applied for and all of that. Now, part of why he put very strict conditions was because over the years, civil servants, because they are privy to those information, they're privy to when there's a development and all of that, he put those measures that if your name is, what's it called, if your name is on the system, you can, they cannot approve whatever. And guess what happens, right? All of those, all of those was equaled civil servants, they could not get anything. It was the real people that needed it. It hit. So people that needed it got was equaled, they got the houses. And so that was impact. Because first of all, you had to first of all cancel the existing structure.  Now somebody now wakes up and says you want to go and take $800 million. Do you know what that is? And you know, say, see what you exactly you're doing.  For a country that you have refused to take census, you don't know your actual numbers. How would you know what you're fighting if you don't even know the data? What would you know that you're fighting? We'll take a break. When we come back from that break, this conversation, please, I want to leave it in your hands. I need to drink water. All right, thanks for staying with us. Now, if you just tuned in, it's our ladies night out. And we're discussing the topic is President Mohammed Buhari's $800 million loan request the way forward. Now, please let's hear what you have to say. Remember, you can join the conversation, send us an SMS or a tap to do it 1-803-4663. You can also do that as a way show after one with the hashtag way show. I don't even know what to say, Mary. I'm confused. I mean, okay, our phone line, sorry, is now open. The number to call is 470-250-077-49. That's the number to call. Remember to turn off the volume of your television and say, please, where you call? Don't insult him. Don't insult anybody. Just tell us what is, what is angering you like? We are upset right now. Like, so, okay. I mean, part of why I said that I don't want to have a lot of children is because I understand the implication, the cost implication to my pockets. If you really want to have decent education for your children, you want to give them healthy, I mean, a good, good home, good meals and all of that. You can't have too many, you know, going to the days where you have like, you born like 15, 20, you know, these days, a lot of parents are actually sticking to one, two kids or at most maybe four, right? Because they understand the financial implication that it has. Now, Nigeria is a country that we have a father, a global father, right? Global father now. You don't know how many children you born. Let me take Austin for a minute. Let me calm them. Austin, thank you for calling your life. Good evening, madam. Good evening to you all. Hi, good evening. Welcome back. We thought, we thought you I wish I did, though. Okay. The issue is this. The eight hundred million US dollars is to cushion the effect of the subsidy remover. Because obviously, when the subsidy is removed, increase in the prices of petroleum products and that will further affect the economy. And the most vulnerable people in the society will suffer. So, in their own reasoning, that money will now be used to cushion that effect. But in my own opinion, I don't think it will, I don't think it's going to work. It's not going to work because how do they even determine the most vulnerable people in our society? But again, the loan, well, if they take the loan eventually, if take the loan eventually, I'm not so sure the government, the next government is going to remove the subsidy immediately because that would be a recipe for for chaos. It would not be good for the coming government to take the subsidy. So, we are seriously advising on that. Let the refineries work first. Our refineries should work. Okay. The refineries coming on stream now at the end of the month and then if other refineries are put in order, then you can stop the subsidy and then because that would mean that there would no longer be a position of petroleum products into the country. Absolutely. For Austin, so the problem I have, right, it's not even about, it is the structure of, I mean, Chinasa used to say the anyhow nest that we do things, right, you want to give vulnerable people. Do you even know the people that are vulnerable in the society? They don't know. So, you were talking about vulnerable. They said poor households. Why would you identify them? How, how, what, how do you define a poor household? And it was right when I said I'm a poor household. So, why don't you talk about the most vulnerable people? They are not in households. They are not even in houses. Yeah, I agree with you. Hello. Yes, go ahead, Austin. I agree with you that most of those monies will go into private case.  We know what is happening here. What goes on? The, the so-called vulnerable persons, not all, not all of them will be able to get the money. So, we're actually advising the government. What we're telling the government is stop the loan and then make your refineries work and so that there will be no longer a position of where, because obviously if our refineries are working, the, the prices of petroleum products will come down. Thank you. Thank you. Thank you, Austin. All right, I mean. So, it's from me, whatever you do, so when you take a loan, if you as an individual were going to take a loan, you would assess your ability to repay your loan. Your exposure. Exactly. You would, you would look at how you would continue to live because you have to pay this loan in addition to your other expenses and debt and all of that. And you would weigh all of these things against the value you'd be getting from whatever that money you were going to be borrowing was for. What impact, right? How are we going to measure the impact on this? Now, I understand that 800 million dollars, sorry, going into the Nigerian economy, because if I get this money, I'll spend it on food, I'll spend it on all of these different aspects. It's a huge boost to the economy, but we know that the money is not going to go where it's supposed to go. And we know that when this money goes in the places, to the places where it will go, nine out of ten times, it will be used to repurchase dollar and it will leave the country. God help us. Let me take Rami, I didn't go okay from Joss. You're alive. Hello Rami, you're alive. I know, I know. Go ahead. Good evening. Good evening. Yeah, one government is purchasing. Hello.  Okay. In the rest of this 800 million dollar for alternative, I think it's just a way of sabotaging the economy and make it worse. Thank you Rami. Because nothing that the government has proposed to benefit the public that has actually benefit anybody, this such money will eventually end up in private pocket. Thank you. Thank you. I mean please when you call, remember to turn the volume, turn off the volume of the device you're watching us from so we don't get a feedback. Go ahead. It's the same thing. Nobody trust it. And the sad thing is that like what Uti West was going with that analysis, like me now, they have some loans I can not take any.  Not because I do not have, I mean every day you're back, they already send me a message. Take this loan, one thing, one thing. I have, I can get up now and they will give me, you know, a huge sum of money. But look at it critically. Do I need that and if I take out my monthly income, would it be able to sustain that loan? You know, whatever it is I'm making, what are we generating as a country? How are we earning you understand as a country? We're not earning money, yet we are, we are just borrowing. So you do not, that means you do not have intent and that's why somebody like, I did the case, I am saying that the court is almost like a deliberate attempt to sabotage the economy, would be accepted because you don't have any plans. All you want to do is continue to just borrow and borrow and borrow. Where is the plan to, to, to what's called, get back this money? The farmers that need, what's it called loans, to be able to probably buy equipment to grow the economy, to be able to maybe export goods and all of that. You are not giving them those monies. The people that can generate manufacturers that can, that we, we can bank on and so they can generate, what's it called, income for us. We're not banking on those people, you know, and you are there saying that you want to give loans and palliatives. When you have not been able to distribute noodles, you have not been able to distribute noodles. Well, that was such a low blow. Not really. No. I see when I saw this, I was prepared though. That was why I smiled on the smile, I needed to smile. You know, I mean, you're so right and this is where I come back to that whole aspect of trust and transparency. You're not doing yourself any favours by doing this. Even if, you know, when you are going to make a decision, you weigh a lot of different areas of input to kind of decide if it's the right decision. Even if we take what Austin said and said, okay, this was their own version of a plan to ease the impact of removing the subsidy. It's all well and good. So you come to the table and you say, okay, I have a plan. Here are my ideas and my thoughts around how we're going to fix this problem or ease the distress. Great. You bring a plan to the table and then we start to consider different factors. You consider how it will be accepted, how it will be viewed, the impact, how you're going to convince people. Given the challenges that you know that you have, you have a trust issue, you have a transparency issue, you have a corruption issue, I mean the list goes on and on and you start to weigh the pros and the cons. It's almost like doing a sort analysis, right? And you ask yourself whether this is the way to go. There are so many things, typically when an administration is outgoing, they spend these last minutes signing happy bills so that, you know, we can leave all these sort of wonderful, they don't even isolate your problem. But you know, things that last minute, just things we can sign, these are the great things we've done. But you don't go and stir up a hundredth nest to say that I just want to spend eight hundred million dollars in a way that seems to everybody that is rational, irresponsible. Let me even say that on that subsidy, you and I know that there has not been transparency even in that subsidy. Oh no, we know that. We have portfolio companies that do not exist. Exactly. That go and collect. Do you know what I'm saying? The amount of decay that has happened, right, and the amount of leakages that we have as a country where, you know, it's almost like people have just connected all sorts of what's it called, big pipes to drain the coffers of the economy. You have not sorted those ones out. Now, I was supposed to do international passports for my son. So the person that we were supposed to do in Ocean State, mistakenly, booked him for Lagos, right? But then she booked it. I said, so, I mean, I didn't want to do it in Lagos. I wanted to do it, and so I just picked him to score and all of that. He said, no, you cannot, whatever. But I now said in my head, was there not a TSA account? So how can one person, right, one human being, pay in multiple accounts the same name? You've not even been able to clean up that system that all know that once the money that they cannot transfer funds. But I paid the money. Something that you can prove electronically that the transfer has been done. So I've had to pay another money. We got to Lagos now. There was still another issue. I've had to pay another money in Abuja. So one person, I've paid three times to the government, and you're not telling me that this kind of system, they will not find a way to do Magumago Day. It doesn't make any sense. I think we can all agree that it doesn't make sense. So the what's it called? The subsidy in itself is a big scam. We know. Companies that do not exist are collecting subsidy. You've not addressed that situation. The amount of corruption that has happened in the petroleum sector. So that's why I said that you're even going far. All of these things that you're listing have not been addressed in eight years. Well they're not going to be addressed before May 29th. So let's be clear. Because I mean you're, I mean really there's a lot of calm down. No that's why I'm trying to get you to calm down because you, I mean these things I try to focus on or what is into Moots Point. It is the very problem with the decision for me. It doesn't matter how great the idea is. If it isn't thoroughly weighed and queried and thought out. I mean you have an entire team. You know when they said the FEC had signed off on this. I was like who and what presented this? And on what basis was it signed off? Other than we just thought ha ha ha. How about we just find a way to you know. Our final parting gift. Thank you. So there is no logical, let's be clear. I can say it because I pride myself that in that space I got it. There is no logical reason for this conversation that we are having today. I mean I'm paying by that fact. Because every which way you think about it. What was our death profile? At the end of last year 2022 I think we were already at 46.5 billion or something ridiculous like that. Was it trillion Naira? We were already at that as at the end of 2022. So you can understand why this is a problem right? Yeah so 46.25 trillion Naira as at the end of 2022. It climbed by 17 percent or which is equivalent to 6.69 trillion last year. Setting on a new all-time high. How you imagine? Now what is your plan to pay back this money? Because as much as we have been talking about diversifying, diversifying, diversifying, let's be clear we are also living on all money. Let's be clear we're also living on all money. And at some point, please you are watching the way of the world, the SDG goes around around climate change. They are electric cars. Every day right now. I mean the writing is on the wall folks. It may be a it may still be a ways off but it's not more than a generation. So let me even add to that what you just said. Oh my god. I calculated my brain. I never find any reason. You see how people go and collect federal loans. So for instance from bank of industry and all that with no intent to pay back. Absolutely.  Because it is in our nature.   And see how this loan issue has dealt with so many banks that some of them have had to probably you know merge with other banks. Some of them have had to go under. Some of them you know that somebody just bought them at a giveaway price and all of that. You already see what loans are doing.  Nigerians truly take loans with zero intentions. That's what I mean it's hardly anybody will ask me for a loan that I will say. You know because I it's better let me know that I'm dashing you that money. Well let's hold on to some positivity. You know I like it. Where is it? I like to look. I like to look. Where is it? Well the world bank hasn't given us the loan yet. You should not give us this. World bank I can't go to school now. They haven't given us a loan and I know IMF has raised concerns. Please. I gave birth to IMF. So let's be positive. I mean this is the time we have to call out those pastors. Let us hold prayer first. May they not give Nigeria this loan. It's too much. So the anyhowness of it. Let's be happy that you know they're going to world bank and they're not going to certain other parts of Asia. China asked for the money. You have to call them. I have to call them because they would have given you the money. Only two miles back. So let's be glad that at least the decision hasn't been taken. I don't even think. I mean he presented it to Senate. I don't know if there's been an outcome there. So let's hope that there are obstacles in the way. Let's take a comment. I think world bank please approve the loan. We've had enough loans. All right. So I have a comment here from Sanctus. Sanctus says this is an outrageous request for President Buhari to make such a demand for such money when he still has. When he has a few days in office who is cheating us in this country. How do we determine who and who are the poor in this country. There's no system or mechanism to track and distribute the money to the poor and to make sure that the poor ones are the ones getting the money. Nigeria is a unique country where both the rich and poor cry at the same time because of corruption. Very valid point. The rich people are corrupt and the poor ones are also corrupt. PMB's eight hundred million dollars is not the way to go at all. Absolutely. I have a comment says from Mr. Idris. Good evening beautiful ladies. Nothing surprises me anymore in Nigeria. Nigeria can be likened to this quote by philosopher who said this world is a comedy to those who think and a tragedy to those who feel. If you think very well some things that happen in Nigeria as a comedy what President Buhari is doing is to do give away as his tenor answer Uti, we are beautiful. Please wear a slide, Mr. Idris. Oh my god. Isn't that President Buhari? They do give away. I like the way he put it. You know there's not some things you can't say. Yes. You know. Uti, they don't use our life to give away. It comes very immediately. You know, I mean when you own money. Honestly speaking for a country I mean on a serious note right for a country that is not accountable in any form you do a road, maybe a kilometer road that would cost let's say a hundred thousand Naira. You will put one billion Naira there. That's already a leakage. You want to do a project? No, no wait now. Let me because it's like people are not getting the kind of leaders that we get. You know it already. We know there are leakages. It's like telling me my name is Uti. Okay. We know. We take off. Sorry, I'll be back. Talk about your life. Go ahead. My name is Demi. Go ahead. Your life. Yes. The government that are unable to distribute garrie, rice, endermen during the, what's the point? This great despondency. I don't know how they want to go about this but I see this thing as just they just want to cheat the masses because they know they want to get. How do they want to pay it? Detainment is going to be for me, you and everybody in Nigeria. Thank you talk about. I mean because I did try to explain something when they say look at you. I understand but I need to reiterate it that you are not even accountable when it comes to projects that you do. I buy this for ten thousand nair. I will go and tell government that I bought it for one billionaire and somebody would approve it without even going to go and check the market price. You will not even buy the one that is. That is even now original. You still buy the one that if I use it after two this thing when I switch it on inside the phone. You know so like we are so comfortable right? Cheating ourselves, dealing with ourselves, right? And you now wake up and say you want to now just give us this final parting gift. It makes no sense. What do you want people to do? We have Mr. Ben from just we have a lot of just people today. Mr.  Good evening. Good evening. And your crew members. What I like to say all the moon that this our president has collected since he came. If you take touch light or Julius Beger light and search you cannot find where they are. The news just last month we are using 90 something 98 percent of our income to service debt not to pay of debt just to service. Like I borrow 100 naira from you. You tell me every month pay me 10 naira. We are paying the 10 naira or 100 naira with the whole income that Nigeria is earning. And you are servicing debt. You are going for another debt. I do not know how these people are thinking. God help us. Thank you so much Mr. Ben. On that note I think we've had a fantastic conversation. I will still talk to my mind. I am paying. Well hey I'm just hoping that maybe some stroke of wave will enter these minds of our leaders and they will begin to I don't know. Again. I just need to pray. Let's find the realism in this story. Your focus right now should pray that the world bank doesn't approve the law. No they won't approve it. We have already prayed that one in Jesus' name. So don't don't don't all this other our leader we've been praying it's been it's been how many years 60. Ha. On that note thank you. Thank you Mario. God will be with us in Jesus' name. Amen. All right so before we go thank you everyone that called. Sorry we can't take more calls again. Remember you can join follow us on all our social media platforms at Weshaw Africa you can interact with us. Further drop a comment. And more importantly follow all our engagements on social media likes and invite your families and friends to watch and follow the conversation. If you missed our quote from our dear president just define why he needs eight hundred million dollars he says you may wish to note that the federal government of Nigeria under conditional cash transfer window of the program will transfer the sum of five thousand Naira per month to ten point two million poor and low income households for a period of six months with a multiply effect on about 60 million individuals. So this is his idea of Sarah. I haven't just picked up the fact that so that five thousand Naira you're talking about households multiple people. He Lord help us. See you guys tomorrow at 8 p.m.