Post
Topic
Board Nigeria (Naija)
Re: Bitcoin vs Nigerians: The Challenges and Possible Solutions
by
SmartBusiness001
on 08/06/2025, 01:12:01 UTC
If there's one thing we know about the Nigeria Government, it's that they hardly want to be left out behind when Western World moves, even if they come late to the party. That that's why I strongly believe that in the nearest future, Nigeria may adopt a Bitcoin Reserve Strategy like the US and few other countries are already doing.
They will have no option than to follow what is going on. More countries will likely have bitcoin in their national reserve and Nigeria will one day consider that.

But we need youths that are crypto enthusiasts and crypto enthusiasts to be in politics and power because this can hasten it.

About where you posted that fintech may later integrate bitcoin and make it available on their platform, I think we still have a long way to go because the our government will still see it as an asset competing with naira and not allow that. Although, bitcoin is not a replacement and cannot compete with naira.
I agree that there are no short cuts here. This sort of big change doesn’t come about from one decision, but it is the dozens of small steps resulting from people who realize what their precisely fighting for. Bitcoin is put in the right context, it is not pitched as an alternative to the Naira but rather as another form of financial freedom. Yes, the system will keep the proverbial door closed as long as people with technological and financial background keep watching from the political fence. If a new generation comes in with a new knowledge and integrity, then it opens a possibility. It might not happen too quickly. That’s enough so as not to lose hope.