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Nigeria should not lose the cryptocurrency opportunity – SIBAN


Nigeria should not lose the cryptocurrency opportunity – SIBAN
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Obinna Iwuno, the Executive Secretary of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) speaks on cryptocurrency as the currency of the digital economy and urges the Federal Government to collaborate with stakeholders to develop the nascent cryptocurrency industry.
Giving the global growth of emerging technologies, some people have argued that cryptocurrency would be the future currency worldwide. What is your take on this?
The argument of Cryptocurrency becoming the future currency of the world, is not in any way stating that Cryptocurrency will replace the fiat currencies of the world. But Cryptocurrency has ushered in a new form in which money can exist and be transacted; which is better, faster, cheaper, and cost-effective to produce even for the government. ....

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Crypto Industry: A means of solving youth unemployment?


Vanguard News
Crypto Industry: A means of solving youth unemployment?
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By Adesina Wahab
Internationally, it is said a person is poor if he lives below $2 a day and Nigeria has been ranked as one of the poorest countries in the world going by the huge number of people living below the poverty line. In fact, some reports dubbed the country the poverty capital of the world. The unenviable record is because of the huge number of people that are unemployed or underemployed in the country.
Unemployment in Nigeria recorded 27.1 per cent growth in the second quarter of 2020 compared to 23 per cent in the third quarter of 2018, data from the National Bureau of Statistics (NBS) showed. Youth unemployment makes up a huge chunk of that number. ....

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