Nigeria seeks crypto clarity one year into Tinubu’s tenure
Nigeria’s young resident population now feels more bewilderment due to the administration’s recent actions against Nigeria’s crypto industry.
There has been a mix of hope and concern for Nigeria’s crypto industry. Stakeholders in the sector have stated that President Bola Tinubu’s government’s actions and policies have left the industry without clarity in the past year.
In his campaign manifesto, Nigerian President Tinubu pledged to legalize crypto and blockchain technology for the country’s banking and finance sector. This decision was approved due to its potential to strengthen Nigeria’s fragile economy.
However, the young population in Nigeria now feels more bewildered by the administration’s recent actions against the country’s crypto industry. In a statement shared with Cointelegraph, Olumide Adesina, an analyst at Quantum Economics, said there is a need for clarity and support to unlock the sector’s potential.
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Author: Amaka Nwaokocha
