CRYPTO: Nigeria digital currency will soon be created__ CBN governor
The Central Bank of Nigeria has on Tuesday said that the country will soon create its own digital currency; this is coming as the bank has been under attack over its ban on cryptocurrency transactions in the country.
The Central Bank of Nigeria has on Tuesday said that the country will soon create its own digital currency; this is coming as the bank has been under attack over its ban on cryptocurrency transactions in the country.
While addressing journalists after a two-day meeting of the Monetary Policy Committee in Abuja, the governor of the bank Godwin Emefiele made the announcement.
Emefiele said that the idea of a digital currency would soon become a reality in the country and that the central bank has already set up its committee, which is working on the concept.
In addition, Mr. Emefiele appealed to bandits and others involved in criminal activities across Nigeria to drop their arms and embrace the apex bank’s Anchor Borrowers’ Programme (ABP). He said those involved in criminality can be more productive by embracing the apex bank’s scheme.
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“If you want an economy to grow, the level of insecurity must be low because if there is a high level of insecurity like what we see today, the economy will suffer,” Mr. Emefiele said, adding that there is a connection between security and economic growth.
