The mata no hard at all for us to understand, we dy live for Naija, so we dy see wetin dy do our naira, there is a pretty high state of inflation in our country...
The president has signed the Petroleum industrial Bill, people are affraid again if the petrol subsidy is removed gat this will result to inflation which can later result to price hike and naira devaluation.
What did you people think about this?Although, my savings is not in naira as I have always commented, it is either in Bitcoin or tether.
The interest of Nigerians in crypto would obviously continue to grow, with the issues created as a result of the pandemic, making the economic situation worse in the country, definitely more people would definitely want to use crypto and we wey be Nigerians go contribute to mainstream adoption wey dy come for front.
The pandemic affected many countries, even before the pandemic, Nigeria has been suffering has been a developing nation subjected to high inflation and naira devaluation, Nigeria has also gotten worse ever since 2016 during this present government, Naira touched over $500 per US Dollar if not the CBN governor manipulations. Like MasterCard international monthly spending limit that was over $3000 before that was reduced now to $100 and many others ways they use to inconvenient citizens to protect the foreign reserves.
Although I pity our youth as majority they misinform na e make dem dey run around they do rubbish say dem be crypto enthusiast. With just the right information, everywhere go stew.
Even some of them that think they are experienced enough are using custodial wallets, to the extent I have friends telling me Luno and Binance are wallets, I always correct many of them as they do not understand crypto in details, some even do not know what seedphrase is called, while some go for any altcoins not minding if it is a shitcoin or not. This is one of the reasons we need local board, at all, we will discuss more about cryptocurrencies which would be helpful some some Nigerians that access this forum.
Nor be lie, na crypto dey reign for our country because the youths don see say the government nor get them for mind at all.
Government do not care, the struggle in life is solely on individuals shoulder. Buhari that said Nigerian youths are lazy was also the person that addresses the University graduates in University of Maiduguri in 2018 or 2019 that no job in the country, that they should be engaged in vocational training.