However, the emanation of cryptocurrency is a great antidote to insecurity in the country because of the potentials opportunities it has created in the country in terms of poverty eradication and financial independency. Cryptocurrency is now a full time sustainable career to a lot of people that might have been rolling round the street looking for a way of surviving.
Cryptocurrency cannot eradicate poverty and insecurity in Nigeria, it is not the antidote to stop Boko Haram, kidnappings, banditry and the rest of the insecurities that we are facing in Nigeria, today. A very poor person and an unemployed person can not engage in cryptocurrency, whether it is in investment or trading because you need money to invest and trade cryptocurrency, that is why somebody needs a job or a steady source of income to be able to benefit in the crypto business. Without having money to buy and hodl Bitcoin, on a long term and to do DCA method to increase your holding, you cannot invest in it, so it doesn't really help to combat insecurities in a country. Although I agree that cryptocurrency has provided an opportunity for many people in Nigeria, to invest and trade different coins and tokens as businesses to make profits, It has given a lot of Nigerians avenues and open doors to adopt cryptocurrency as sources of income.
To combat insecurities in Nigeria, our government needs to tackle the root causes of it, until that is done, the insecurity incidents will continue to reoccur. An idle mind is a devil's workshop, so if most of our youths are empowered, it can reduce insecurities, the unemployed needs skills acquisitions, homeless children needs to go to school, poverty eradication should be our government's top priority to combat insecurities.