2019 Elections: Nigeria’s Opposition Leader Promises Cryptocurrency and Blockchain Policies

Nigeria – one of Africa’s leading cryptocurrency nations, has its upcoming 2019 elections making waves across broadcasts. Over the pat few days, citizens have had their attention drawn to a recent document released by the main opposition candidate showcasing his possible interests in cryptocurrency and blockchain technology.

Speaking at a recent event organized for the public reading of his policy document titled ‘Get Nigeria Working Again’;  Alhaji Atiku Abubakar the Presidential candidate of the main opposition party, stated that the country under his jurisdiction will adopt blockchain technology and cryptocurrency related practices.

As contained in the document, under the subheading ‘Promoting the New Economy’; Mr Atiku expressed his desire to produce a ‘comprehensive policy on blockchain technology and cryptocurrencies’ as he pledged to open Nigeria’s economy to the blockchain and cryptocurrency industry; if elected president in the 2019 polls.

Explaining his stance, the former Vice President described the move as one of the ways he intends to build a knowledge-based economy that will be powered by ICT. In his words:

My mission is to ensure that Nigeria’s economy is responsive to the challenges of the 21st century knowledge-economy by keeping up with the amazingly dynamic technological pace.

For him, the enhancement and adoption of technology, digital and ICT relevant education will yield great utility and build the entrepreneurial spirit of the Nigerian youths.

He further discussed plans to create a legal policy that will see blockchain technology and cryptocurrencies taught from early education stages – primary school through university.

A STEP IN THE RIGHT DIRECTION?

Just as mixed reactions trail this announcement; its feasibility and trust as mere political propaganda have been raised.

However, the adoption of crypto and blockchain education in Nigeria is sure to yield numerous benefits; especially as the world tends towards digitalization and technology.

Also, Nigerians and crypto enthusiasts opine that who ever becomes the  country’s first citizen come May next year should adopt tech friendly and advanced policies; which considering its current ailing economic and monetary standings would require a spice of blockchain technology and cryptocurrency adoption.

What are your thoughts on this? Is the industry feasible considering the country’s current state?

What advantages would its adoption offer?

 

Written By

CryptoEnthusiast,CryptoEducator and Angel Investor,Writing Pro and Techie