~snip
Thanks for the clarity, but assuming the CBN governor made the eNaira more flexible with cryptocurrency and allowed cryptocurrency to thrive without being hostile to them, do you think it would have gained better adoption in today's world?, because with the strong adoption of cryptocurrency today in Nigeria, I believe there would have been a chance for it, and it would have had its own importance.
The Nigerian central bank where in a haste to copy country like China unfortunately, China is still strangling with her CBC, while it is obvious that Nigeria's CBN lead Emefuele, the former CBN governor has no experience on how to go about CBC, the whole ideas behind the CBDC was to create a centralized Fiat systems that will complete with crypto, especially the the centralized crypto stable coins. As a matter of fact, the idea could not work and crypto users are wiser than the governments.
Again, in as much as the US, never supported CBDC, it will never stand the test of time, and a critical look at certain developments, whether economic policies, politics etc has it beginning in the US and the rest of the world look up in the direction in my opinion.