The real reason for some countries to adopt Bitcoin should be to attract more crypto capital in the past, which is a great advantage to the country's financial economy.
The reason why some people adopt bitcoin and some other countries is because of they have seen that yes bitcoin is very important and other countries around them or surrender them have been accepting bitcoin and there are seen a lot of profit and changes that is coming from those areas so I believe that this coin will dominate the world in 40 years time because of when people research of the important and understand it they will like to invest on it 
Topic: Early Sign to Adopt Bitcoin by Nigerian Government (Read 521 times)
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Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.
By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time the implementation will come to pass.
I know that Bitcoin is the king of all cryptocurrencies in Nigeria, just as it is the king of all crypto in the whole world, but this news is definitely not purely on Bitcoin. It didn't even mention Bitcoin at all. It only mentioned CSW's fake Bitcoin. That's not Bitcoin; we all know that.
Also, blockchain isn't Bitcoin and Bitcoin isn't blockchain. Bitcoin uses this technology but they're not the same. So when your government speaks of blockchain, it doesn't necessarily refer to Bitcoin. For all we know, the rest of the 20,000+ shitcoins also use blockchain, governments also use blockchain, private companies also use blockchain, and so on. But they're not necessarily using Bitcoin.
They would %100 be doing the right thing because crypto is something every single government needs to figure a way into. That doesn't mean that they need to accept its face value, they could end up putting some regulations and laws around it and make it as comfortable for them as possible, and tax it accordingly as well but making it legal that's the important part.
The difference between doing anything you want but trying to avoid the government because it would be illegal versus doing only a limited amount of things but being legalized by the government is huge. In one of them, you can do your wishes, but you are afraid of getting caught and that's terrible, on the other version you do only what you are limited to, but you can do it with ease of mind and that's the key.
The difference between doing anything you want but trying to avoid the government because it would be illegal versus doing only a limited amount of things but being legalized by the government is huge. In one of them, you can do your wishes, but you are afraid of getting caught and that's terrible, on the other version you do only what you are limited to, but you can do it with ease of mind and that's the key.
The Nigerian government has made a fantastic step in the direction of widespread acceptance of bitcoin. Nigeria has consistently paved the path to lead other African countries in innovative concepts like this one. The youth of Nigeria, especially the unemployed, have a chance to seize this and create something positive of it. If other countries can embrace initiatives like these that provide bitcoin widespread exposure, as Nigeria did, then bitcoin will soon be accepted everywhere, not just in Africa. I'm hoping this initiative will be successful.
I will take this report more seriously when I see the Nigerian government taking real steps to support bitcoin, for a country who has a active ban on bitcoin p2p transactions I find it amusing that they would be genuinely interested in training 30,000 people in cryptocurrency. There are so many reasons why I doubt the sincerity of the government, it’s election time and the current administration will be looking for ways to capture the heart of the masses, this sudden positive interest in cryptocurrency is suspicious and the promises will not be met. El Salvador made bitcoin a legal tender without publishing plans to “train people in blockchain”. I think the Nigerian government should be more proactive
It's more like audio announcement to me by the Nigerian government which won't stand taste of time, as you stated the upcoming election had made governance not to function properly, the government negative perceptions on cryptocurrencies is on course where banks are monitoring every transactions that is linked with cryptocurrencies in a bid to flag and freeze those accounts as directed by the same government that wanted to train 30,000 youths in blockchain, let the government through the CBN governor make a statement to lift the ban on cryptocurrencies then crypto enthusiasts will start taking them serious. 
I don’t know about other things, but whenever I try to do P2P deals, I find Nigerian people everywhere. This proves how much Nigerian people love the coin. It’s sad to know that Bitcoins are currently nor regulated yet. Nevertheless it’s great news that the government has finally thought for the benefits of the people and taking the positive step to solve the economic problems. Moreover Blockchain teaching will also lead to an impact on the people of Nigeria. Let’s see how far this initiative goes.
Nigeria being the biggest country and largest economy in Africa should have even be ahead of every other countries in terms of adopting Bitcoin and cryptocurrency, The Government of Nigeria should have looked at the advantage/benefits and the urge of its citizens to get involved with Bitcoin, should have adopted and regulate crypto, train youths that are interested in learning Blockchain technology.
why ban crypto initially?, and now want to train 30 thousand youths, I think Nigeria is a confused state.
why ban crypto initially?, and now want to train 30 thousand youths, I think Nigeria is a confused state.
Well I can't say anything for now again, because I am still on the learning process...
You have been on the forum for 11 months and you should know some things, right? If this education really goes in the direction in which it seems to be going, then a lot of people in your country will be greatly mistaken about what Bitcoin is and what bitcoin forks are. Maybe that's the key to this story, because your government has nothing against a centralized shitcoin that has Bitcoin in its name and is manipulated by only a few people.
The real reason for some countries to adopt Bitcoin should be to attract more crypto capital in the past, which is a great advantage to the country's financial economy.
it’s election time and the current administration will be looking for ways to capture the heart of the masses, this sudden positive interest in cryptocurrency is suspicious and the promises will not be met.
Thank you mate
This was my initial thought when I heard of this article posted here, it was same government who didn't allow her citizens to involved their selves with bitcoin transactions are now today making an announcement to train about 30k young nigerian about blockchain while the current problem issues at hand have not been resolved how do we think all this promises are legitimate, even to know there's something hiding because of their interest on election around the country and this action is being carried by the current administration due to some personal reasons and political gain and interest. They should clear the air and support bitcoin transaction before they could further trained 30k young people in London.
This is exactly what I can relate this news to, this is just political propaganda in the wrong direction, teaching citizens about blockchain technology and crypto payment gateway processor is a great opportunity for the citizens to dive into the blockchain industry as an early adopter even though Nigerians on their own have adopted blockchain, Bitcoin for personal usage.
Where the government got it all wrong is where the focus is on Bitcoin Satoshi version BSV which most of us know is not real Bitcoin and was developed by Craig to claim the identity and control of the Bitcoin ecosystem which has not been a successful attempt for him, even though Bitcoin Satoshi version BSV exist on the exchange, it doesn't change the fact that BSV is just a copy cat and is no different from other altcoins like Bitcoin cash.
The fact that the Nigerian Government is not doing very well or keeping to its words doesn't mean it can afford to train such a large number of people.Where the government got it all wrong is where the focus is on Bitcoin Satoshi version BSV which most of us know is not real Bitcoin and was developed by Craig to claim the identity and control of the Bitcoin ecosystem which has not been a successful attempt for him, even though Bitcoin Satoshi version BSV exist on the exchange, it doesn't change the fact that BSV is just a copy cat and is no different from other altcoins like Bitcoin cash.
Remember how Nigerian youths are given them pressure regarding Bitcoin legalization and to some extent, the government is not fully against Bitcoin is just that they are lack behind in terms of Technology which is why they need to be well prepared before initiating it, and NITDA is there to support the government which is why I think they are trying to train some of the Nigerian citizens maybe before Bitcoin legalization.
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This is not the first time the Nigeria government through its agencies will misplace their properties in blockchain/ crypto adoption, we can also see similar government policy mistakes when the CBN developed the e-naira that does not run on the blockchain which has led to many Nigerians not being able to onboard the e-naira wallet through their banks.
No doubt, blockchain/bitcoin is the fastest were to bank the unbaked but will the government take the right step in the right direction the answer is no for now due to corruption and lack of competence of the personnel in charge of key agencies in Nigeria.
We are always hopeful for change, even if we know it will take time. I believe this is also part of politics, but NITDA is not like other agencies that we believe do not follow through on their promises. Under this administration, NITDA has successfully completed various sets of training for Nigerian youths while also equipping them with the necessary types of equipment to support the trainees. As a result, I am confident that this Blockchain training is a step forward by the Nigerian Government in providing adequate knowledge about Blockchain technology and Bitcoin to its citizens prior to Bitcoin legalization. No doubt, blockchain/bitcoin is the fastest were to bank the unbaked but will the government take the right step in the right direction the answer is no for now due to corruption and lack of competence of the personnel in charge of key agencies in Nigeria.
This is a very good ideas for government making arrangements sending specific number of people outside the country for training to know about Blockchain technology and how it works as a digital assets payment, and way forward to resolved the country economy crises over the Nigeria local currency that has been on Bull Run NGN/USDT on trading chart. (1Dollar per 860 Naira) as of today exchange rate.
I will take this report more seriously when I see the Nigerian government taking real steps to support bitcoin, for a country who has a active ban on bitcoin p2p transactions I find it amusing that they would be genuinely interested in training 30,000 people in cryptocurrency. There are so many reasons why I doubt the sincerity of the government, it’s election time and the current administration will be looking for ways to capture the heart of the masses, this sudden positive interest in cryptocurrency is suspicious and the promises will not be met. El Salvador made bitcoin a legal tender without publishing plans to “train people in blockchain”. I think the Nigerian government should be more proactive
you can see clearly from the screenshot above that OP said the Nigerian government are willing to train up to 30k people in blockchain, specifically Bitcoin.
Okay bro, well truly that is what OP said, but from the article that he linked there was absolutely no mention of Bitcoin in the plans, it was all about just the blockchain technology, and to even make matters worse they mentioned Bitcoin Satoshi Vision (BSV), which definitely isn't Bitcoin, thus i prolly don't know if they do not know the two coins are different, or if they are actually interested in useless BSV.why then are they going to train 30k person in blockchain technology is there are absolutely no plan to implement the blockchain technology in any sector of the country's economy?
Well i can only answer from the information i have gotten from the article that was linked, here are some excerpts as to the reason for the training:Quote
The objective of the training course is to make the participants “early solution providers in the fourth industrial revolution.”
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intended to hasten the adoption of the tech and make Nigeria a leading player in the blockchain industry.
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“quality education and equipping participants with the skills to build real-life blockchain solutions.”
Thus from the above i prolly might have been wrong with my initial comment, and maybe they actually have plans for implementation, but with the Nigerian government you just never know, we'd have to wait and see! Aside for the so called advertisment of radio Nigeria I dont trust the source of the information. I dont see the government making crypto regulation soon. I also think this is coming out at the moment when money laundering is everywhere and money might be moved into wallets. I learnt many wealthy people are looking for some poeple to hold their fund against be efcc pursuit lately.
If this will be published in more credible sites like maybe their government portal itself, then, we may believe the possible truth on this.
Otherwise, we can't tell the authenticity its contents though it is coming from bitcoin.com and written by an African journalist also.
But if in case, why not? It is for the good of the crypto market. So all kinds of developments are open to us.
If they can push thru this kind of initiative, maybe, they can help some of their younger generation to survive and change their path for the betterment of themselves.
Aside for the so called advertisment of radio Nigeria I dont trust the source of the information. I dont see the government making crypto regulation soon. I also think this is coming out at the moment when money laundering is everywhere and money might be moved into wallets. I learnt many wealthy people are looking for some poeple to hold their fund against be efcc pursuit lately.
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The Nigerian government is one of the funniest government in the world, they planning to train 30k Nigerians in blockchain technology meanwhile banks in the country are still banned from processing cryptocurrency transactions..
but going by the news and understanding that the federal government of Nigeria hasn't mentioned Bitcoin in any of its plans, thus the whole scenario becomes clearer, though the relationship between Bitcoin and the Blockchain technology is interwoven, the Blockchain technology can be applied in other fields, and it is prolly in relationship with these other fields that the government of Nigeria would tailor this lectures to, as they are not budging on their stand towards Bitcoin.
Though i am yet to read the full news from the link Op shared, i have it opened in another tab though, my initial comment was based on the information about the news OP shared, you can see clearly from the screenshot above that OP said the Nigerian government are willing to train up to 30k people in blockchain, specifically Bitcoin.
Like i said, i have the full article opened in another tab but have not gone through it, my comment was based on OP's comment.
It is my expectation that this move by the Nigerian government will bring a major boost to the economy of the country upon the end of the program and implementation of this technology into the country's monetary system.
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I'm afraid it won't do anything to the economy of Nigeria, neither am i sure there's talk of any implementation of the Blockchain technology in any sector in Nigeria.
LoL, you see why I said Nigeria has one of the funniest government in the world?why then are they going to train 30k person in blockchain technology is there are absolutely no plan to implement the blockchain technology in any sector of the country's economy?
Isnt this another waste of public funds? (well, to the general masses, not actually to those that are trained)
The government of Nigeria has taken on a new dimension by showing interest in the training of 30,000 youths. With bitcoin taking on a new form in the nation and other African nations beginning to consider giving it a chance in their own country, Nigeria's advancement in blockchain technology is exciting. I admire the objective that the government has set for the nation to become the leader in blockchain in Africa.
The Nigerian government is one of the funniest government in the world, they planning to train 30k Nigerians in blockchain technology meanwhile banks in the country are still banned from processing cryptocurrency transactions..
Whilst i'd agree with you that it is indeed a funny government we run here in Nigeria, but going by the news and understanding that the federal government of Nigeria hasn't mentioned Bitcoin in any of its plans, thus the whole scenario becomes clearer, though the relationship between Bitcoin and the Blockchain technology is interwoven, the Blockchain technology can be applied in other fields, and it is prolly in relationship with these other fields that the government of Nigeria would tailor this lectures to, as they are not budging on their stand towards Bitcoin.It is my expectation that this move by the Nigerian government will bring a major boost to the economy of the country upon the end of the program and implementation of this technology into the country's monetary system.
I'm afraid it won't do anything to the economy of Nigeria, neither am i sure there's talk of any implementation of the Blockchain technology in any sector in Nigeria. legendary
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Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin. The government is planning Nigeria to be the number one play in the crypto space in Africa. Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
The Nigerian government is one of the funniest government in the world, they planning to train 30k Nigerians in blockchain technology meanwhile banks in the country are still banned from processing cryptocurrency transactions..And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Anyways, its a step in the right direction, Blockchain and bitcoin is the future of money, the nigerian naira has been on a free fall lately, almost reaching 900 naira per dollar, and some persons are expecting to see the dollar at 1000 naira before the year 2022 comes to an end.
It is my expectation that this move by the Nigerian government will bring a major boost to the economy of the country upon the end of the program and implementation of this technology into the country's monetary system.
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