Topic: Tinubu's plan for Blockchain and eNaira is appealing despite lacking details. - page 2. (Read 282 times)

The Buhari administration bin show small interest in blockchain technology when them been talk say FG go train 30,000 Nigerians on Blockchain technology, if you read this link wella you go see say them talk say training go start in December 2022, but as i no register, i no know if everything go as them talk. Abeg if any user here register for this training, make them give us feedback on the progress.

It will be difficult to trust the words coming from a Nigerian politician who rigged his way into office and is about to force himself on the Nigerian people. Forgive me but I do not believe these guys until I actually see them doing something. We dun hear many many talk for politicians, some dey especially targeted to make the youths happy, and fool us into believing that they have us at heart. Poverty has been weaponized in Nigeria and will continue to be so far the people who have been in power for the past couple of years continue to rule us, they are about to be sworn in again. I find it hard to believe that they will really make any policy that will be to the favor of the Nigerian youths, especially any policy that has the potential to help them break out from the grip of poverty.

I didn't read his manifesto and I don't know if he actually said anything about adopting cryptocurrency and digital currencies during his administration but I would take his word as a pinch of salt. I don't know but I don't think he really meant what he said, I take it as one of those lies politicians say to get hold of power.

so from wetin you think, you feel him government go dey friendly assuming he stays as our president or you feel this na another bobo juice talk to appeal the youths and nothing come out?

President-Elect Bola Tinubu mentioned in his manifesto that he has plans aimed at encouraging the use of blockchain technology and cryptocurrencies in Nigeria's finance and banking sector. The policy is intended to promote the prudent use of these technologies to improve identity management, revenue collection, and the use of crypto assets As part of the policy, the government will establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services. The committee will be tasked with suggesting changes to create a more efficient and business-friendly regulatory framework, where necessary. The government hopes that this will help to attract more investment in the sector and stimulate economic growth. Additionally, the government plans to encourage the Central Bank of Nigeria (CBN) to expand the use of the country's digital currency, the E-Naira. This move is part of a broader effort to promote financial inclusion and create a more accessible and efficient payment system in the country. He also believes that the policy will help to position the country as a leader in the blockchain and cryptocurrency industry, creating new opportunities for businesses and entrepreneurs in the sector.

See excerpts "We will reform government policy to encourage the prudent use of blockchain technology in finance and banking, identity management, revenue collection, and the use of crypto assets. As part of our reforms, we will establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services and, where necessary, suggest changes create a more efficient and business-friendly regulatory framework. We will also encourage the CBN to expand the use of our digital currency, the Enaira."

What this means:

The policy of encouraging the adoption of blockchain technology and cryptocurrencies, as outlined in the excerpt, is related to the new Nigerian regulation on digital assets, which was introduced by the Nigerian Securities and Exchange Commission (SEC) in 2021. The new regulation provides a framework for the regulation of digital assets, including cryptocurrencies and
other digital tokens, in Nigeria. The regulation requires digital assets to be registered with the SEC and mandates that all digital asset offerings and investments must comply with SEC regulations.

The manifesto suggests a review of the existing SEC regulation on digital assets will be conducted with a view to making it more business-friendly.
For more details read; https://nairametrics.com/2023/03/03/tinubus-plan-for-blockchain-and-enaira-is-appealing-despite-lacking-details/