Early Sign to Adopt Bitcoin by Nigerian Government

[Adbitco]

Well allow me to say this " I can term it to be a political propaganda" why because this same government were the people who restricted us from trading cryptocurrencies and today they came on air to aired about training 30,000 youths to learn and study about blockchain. Hear me or not, it's our country and I m a full and well known citizen, why must it be because the general presidential election is around the corner and they thought of buying the hearts of the youths by assigning this program for their political aim.
I believe those that from Nigeria knows too well about this and intention of our government.

First to believe it's true they should allow the youths to transacts freely with bank and associates our card without any restrictions.

[Agbe]

You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.

Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.

By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time the implementation will come to pass.

[Odusko]

You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.

Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.

By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time, the implementation will come to pass.

@Agbe I will like you to take your time to read and know the meaning of, Bitcoin Satoshi version (BSV).
just as I stated in my earlier reply on this thread, as far as I know, this news has nothing to contribute to the positivity of the quest for Bitcoin adoption. Why should the focus of the training be limited and mention BSV which is not real Bitcoin but a forked and fake Bitcoin that emanated from an individual who is facing several criminal case If we are varying for blockchain adoption in Africa and Nigeria we should focus on the real deal and stop playing political games with our decayed financial sector

[bittraffic]

You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.

Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.

By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time the implementation will come to pass.

Nigeria is a ground for experimentation of the Blockchain adoption but seems the trainees are not going to practice thier skills in Nigeria as they plan to send them to the London incubation program according to the article. And Craig Wright manages to insert his BSV with the help of NITDA.

There are lots of things to build in Nigeria as a developing country, those trainees I think should stay in Nigeria and develop more of what they have to enrich the country.

[8rch7]

Even for now the Nigerian central bank is more inclined to crypto currencies such as bitcoin, compared to the national currency Naira, even after the Nigerian people made a large adoption of bitcoin, most of the Nigerian population began to leave the Naira currency, even rumors circulated that the Naira currency had worthless, news circulated also the currency Naira fell 1.2 percent to its lowest level.

[Lucius]

It would be really nice if the Nigerian government really decides to educate such a large number of people about Bitcoin and blockchain, but as others have noticed, the article does not explicitly mention Bitcoin anywhere, but that is why it mentions the fake Bitcoin that has nothing to do with the Satoshi vision. Either they are so delusional that they don't understand the difference, or this is another attempt by Faketoshi to try to manipulate as many people as possible.


@Agbe, the source you use has been (and still is) extremely hostile to Bitcoin over the years, so it would be good for you and everyone else to look elsewhere for information.

[Zanab247]

I guess, this is a welcome development many Nigeria citizens have been waiting to see or hear from our potential leaders to make Bitcoin legalized in the land, so that the bitcoiners in the country will start experiencing good things from Bitcoin and their businesses in the country. Infant, am the happiest person in the whole world, because some of us has met the Nigerian politicians to find way to make Bitcoin legal in the country so that it will reduce unemployment and fraudulent activities in the land, which they accepted and promised the Nigerian youths that before the end of this year 2022 they will give Nigeria citizens a good training about Bitcoin and other cryptocurrencies. This is a big congratulations I will love to share with all my friends and families that light has fully come to stay in Nigeria, no more hiding as a bitcoiners in the country, I'm proud to be a Nigeria.

[Slow death]

i am african and i live in africa i need to separate things, from what i understand the nigeria government is adopting blockchain technology they are not telling or urging people to buy bitcoin or are they not urging people to use bitcoin as a method of payment payments in nigeria, if the nigeria government were interested in mass adopting bitcoin in nigeria they would be focused on passing laws that benefit bitcoin, they would be campaigning for nigeria banks to allow exchanges to have nigeria bank accounts, the government would be By encouraging stores to accept bitcoin as a payment method, the government of nigeria would be striving to put bitcoin ATM in nigeria. in Africa it is very difficult to understand what these dictatorial politicians want for the country's future, they only think about themselves

[Agbe]

It would be really nice if the Nigerian government really decides to educate such a large number of people about Bitcoin and blockchain, but as others have noticed, the article does not explicitly mention Bitcoin anywhere, but that is why it mentions the fake Bitcoin that has nothing to do with the Satoshi vision. Either they are so delusional that they don't understand the difference, or this is another attempt by Faketoshi to try to manipulate as many people as possible.


@Agbe, the source you use has been (and still is) extremely hostile to Bitcoin over the years, so it would be good for you and everyone else to look elsewhere for information.

Well I can't say anything for now again, because I am still on the learning process, Bitcoin is deep to know all, but one thing I also understand is that before a National Agency planning to carry out a training with such a large number of people, at least they might have known what they are doing if really they want to carry out the programme and not for deception.

We are all praying that in a good government they should implement it.

[teosanru]

Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin. The government is planning Nigeria to be the number one play in the crypto space in Africa. Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
And the government  is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.

Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency

Looks like Nigeria is all set to become a crypto haven. Just like Asian countries took advantage of the technological revolution, I think Nigeria wants to take advantage of the crypto revolution and want to train its Population in advance for this. This is a great thing as you would see a lot of crypto startups are looking up locations to open up their offices and most of them find Islands like Bahamas or Malta which obviously aren't considered very legitimate by rest of the world which is why Nigeria can be a new hotspot, it'll be dirt cheap and with such good human resource it will be quite impressive as well.

[Hamza2424]

That's a good sign and development if it comes True but i am expecting some country which can play more important role in Bitcoin adoption on local level let me figure out some these countries EU countries by full fledged support to Bitcoin openly that will be massive development. China, India, Bangladesh, Pakistan and any other major country oohh one more thing we can't forget the market capital dominators Middle East as it is most easy for them to do as they are not under any political pressure.

[Fivestar4everMVP]

Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin. The government is planning Nigeria to be the number one play in the crypto space in Africa. Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
And the government  is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.

The Nigerian government is one of the funniest government in the world, they planning to train 30k Nigerians in blockchain technology meanwhile banks in the country are still banned from processing cryptocurrency transactions..

Anyways, its a step in the right direction, Blockchain and bitcoin is the future of money, the nigerian naira has been on a free fall lately, almost reaching 900 naira per dollar, and some persons are expecting to see the dollar at 1000 naira before the year 2022 comes to an end.

It is my expectation that this move by the Nigerian government will bring a major boost to the economy of the country upon the end of the program and implementation of this technology into the country's monetary system.

[Coyster]

The Nigerian government is one of the funniest government in the world, they planning to train 30k Nigerians in blockchain technology meanwhile banks in the country are still banned from processing cryptocurrency transactions..

Whilst i'd agree with you that it is indeed a funny government we run here in Nigeria, but going by the news and understanding that the federal government of Nigeria hasn't mentioned Bitcoin in any of its plans, thus the whole scenario becomes clearer, though the relationship between Bitcoin and the Blockchain technology is interwoven, the Blockchain technology can be applied in other fields, and it is prolly in relationship with these other fields that the government of Nigeria would tailor this lectures to, as they are not budging on their stand towards Bitcoin.

It is my expectation that this move by the Nigerian government will bring a major boost to the economy of the country upon the end of the program and implementation of this technology into the country's monetary system.

I'm afraid it won't do anything to the economy of Nigeria, neither am i sure there's talk of any implementation of the Blockchain technology in any sector in Nigeria.

[RockBell]

The government of Nigeria has taken on a new dimension by showing interest in the training of 30,000 youths. With bitcoin taking on a new form in the nation and other African nations beginning to consider giving it a chance in their own country, Nigeria's advancement in blockchain technology is exciting. I admire the objective that the government has set for the nation to become the leader in blockchain in Africa.

[Fivestar4everMVP]

The Nigerian government is one of the funniest government in the world, they planning to train 30k Nigerians in blockchain technology meanwhile banks in the country are still banned from processing cryptocurrency transactions..

but going by the news and understanding that the federal government of Nigeria hasn't mentioned Bitcoin in any of its plans, thus the whole scenario becomes clearer, though the relationship between Bitcoin and the Blockchain technology is interwoven, the Blockchain technology can be applied in other fields, and it is prolly in relationship with these other fields that the government of Nigeria would tailor this lectures to, as they are not budging on their stand towards Bitcoin.

Though i am yet to read the full news from the link Op shared, i have it opened in another tab though, my initial comment was based on the information about the news OP shared, you can see clearly from the screenshot above that OP said the Nigerian government are willing to train up to 30k people in blockchain, specifically Bitcoin.
Like i said, i have the full article opened in another tab but have not gone through it, my comment was based on OP's comment.

It is my expectation that this move by the Nigerian government will bring a major boost to the economy of the country upon the end of the program and implementation of this technology into the country's monetary system.

I'm afraid it won't do anything to the economy of Nigeria, neither am i sure there's talk of any implementation of the Blockchain technology in any sector in Nigeria.

LoL, you see why I said Nigeria has one of the funniest government in the world?
why then are they going to train 30k person in blockchain technology is there are absolutely no plan to implement the blockchain technology in any sector of the country's economy?
Isnt this another waste of public funds? (well, to the general masses, not actually to those that are trained)

[royalfestus]

 Aside for the so called advertisment of radio Nigeria I dont trust the source of the information. I dont see the government making crypto regulation soon. I also think this is coming out at the moment when money laundering is everywhere and money might be moved into wallets. I learnt many wealthy people are looking for some poeple to hold their fund against be efcc pursuit lately.

[TimeTeller]

Aside for the so called advertisment of radio Nigeria I dont trust the source of the information. I dont see the government making crypto regulation soon. I also think this is coming out at the moment when money laundering is everywhere and money might be moved into wallets. I learnt many wealthy people are looking for some poeple to hold their fund against be efcc pursuit lately.

If this will be published in more credible sites like maybe their government portal itself, then, we may believe the possible truth on this.
Otherwise, we can't tell the authenticity its contents though it is coming from bitcoin.com and written by an African journalist also.
But if in case, why not? It is for the good of the crypto market. So all kinds of developments are open to us.
If they can push thru this kind of initiative, maybe, they can help some of their younger generation to survive and change their path for the betterment of themselves.

[Coyster]

you can see clearly from the screenshot above that OP said the Nigerian government are willing to train up to 30k people in blockchain, specifically Bitcoin.

Okay bro, well truly that is what OP said, but from the article that he linked there was absolutely no mention of Bitcoin in the plans, it was all about just the blockchain technology, and to even make matters worse they mentioned Bitcoin Satoshi Vision (BSV), which definitely isn't Bitcoin, thus i prolly don't know if they do not know the two coins are different, or if they are actually interested in useless BSV.

why then are they going to train 30k person in blockchain technology is there are absolutely no plan to implement the blockchain technology in any sector of the country's economy?

Well i can only answer from the information i have gotten from the article that was linked, here are some excerpts as to the reason for the training:

The objective of the training course is to make the participants “early solution providers in the fourth industrial revolution.”

intended to hasten the adoption of the tech and make Nigeria a leading player in the blockchain industry.

“quality education and equipping participants with the skills to build real-life blockchain solutions.”

Thus from the above i prolly might have been wrong with my initial comment, and maybe they actually have plans for implementation, but with the Nigerian government you just never know, we'd have to wait and see!

[SatoPrincess]

I will take this report more seriously when I see the Nigerian government taking real steps to support bitcoin, for a country who has a active ban on bitcoin p2p transactions I find it amusing that they would be genuinely interested in training 30,000 people in cryptocurrency. There are so many reasons why I doubt the sincerity of the government, it’s election time and the current administration will be looking for ways to capture the heart of the masses, this sudden positive interest in cryptocurrency is suspicious and the promises will not be met. El Salvador made bitcoin a legal tender without publishing plans to “train people in blockchain”. I think the Nigerian government should be more proactive

[dlightag]

This is a very good ideas for government making arrangements sending specific number of people outside the country for training to know about Blockchain technology and how it works as a digital assets payment, and way forward to resolved the country economy crises over the Nigeria local currency that has been on Bull Run NGN/USDT on trading chart. (1Dollar per 860 Naira) as of today exchange rate.