CBN Governor promises digital currency will come to Nigeria
by Ajibola Akamo
May 25, 2021
Reading Time: 1 min read
During the 279th MPR meeting held today in Abuja, the CBN Governor, Godwin Emefiele assured Nigerians that digital currencies will have a place in the country. He said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the best. Don’t get me wrong, some may be legitimate but most are illegitimate.” Under cryptocurrency and Bitcoin, Nigeria comes 2nd while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.” Emefiele voiced his concerns surrounding digital assets using the CEO of Tesla, Elon Musk’s uncertainty as an example. “We saw the market collapse. Initially, when Elon Musk tweeted around the time when we said our banking and payment facilities are no longer available for cryptocurrency transactions and he tweeted that he will invest $1.5 billion and the price (Bitcoin) went up. He now tweeted and raised a few concerns and the thing (Cryptocurrency) plunged.” After stating his concerns, the CBN governor went on to say, “We are committed in the CBN and I can assure everybody that digital currency will come to life even in Nigeria.” CBN Governor calls Crypto illegal money Elon Musk's Tweets: Should one man have all that power? How Senators reacted to CBN's crypto ban Tags: BitcoinCBNElon MuskGodwin Emefiele
Comments 17
Ekpeyong Enwan 8 hours ago If like make it live or not we’re still trading Reply
Del B 7 hours ago You must be very stupid the cbn governor You guys said we are the leaders of tomorrow but don’t give us work Now we have found a way of making money for ourselves and you are here talking rubbish on banning crypto Currency if you ban am, if thunder no strike you dead make I die idiot Stupid man Reply
Willie Fabian Eno 7 hours ago Business Reply
John 6 hours ago He has no valid basis for the actions of the CBN! Reply
Anonymous 6 hours ago Sir, you’re not alright, ban everything even yourselves. We do not care. You and your government have failed us, but guess what? Posterity will judge you and you all in government today. Watch out! Reply
OJINDU 6 hours ago May GOD bless you for that promise , pls fulfill it for we are really in need of it sir. Bringing Bitcoin to Nigeria will be the greatest thing Nigeria will ever do for me . Reply
POPE ISIOMA 5 hours ago Welcome development. But the CBN are not proactive Reply
AMETEFE COURAGE 4 hours ago So what about Tbc which was in Nigeria before people are still having it Reply
ABEL BILLA LALAI 4 hours ago I love it Reply
Musaibrahim 4 hours ago Thank you very good Reply
Sigismund Jumbo 3 hours ago This is CBN Govnr’s opinion which bears no relevance what cryptocurrency represents. Such high level ignorance isn’t surprising bearing in mind the mentality of those controlling Nigeria’s fiat currency. Cryptocurrency is future money storage that will incapacitate banks be it central or otherwise. Everyone must embrace cryptocurrency now or be left behind.
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