Tinubu's plan for Blockchain and eNaira is appealing despite lacking details.

[CryptopreneurBrainboss]

President-Elect Bola Tinubu mentioned in his manifesto that he has plans aimed at encouraging the use of blockchain technology and cryptocurrencies in Nigeria's finance and banking sector. The policy is intended to promote the prudent use of these technologies to improve identity management, revenue collection, and the use of crypto assets As part of the policy, the government will establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services. The committee will be tasked with suggesting changes to create a more efficient and business-friendly regulatory framework, where necessary. The government hopes that this will help to attract more investment in the sector and stimulate economic growth. Additionally, the government plans to encourage the Central Bank of Nigeria (CBN) to expand the use of the country's digital currency, the E-Naira. This move is part of a broader effort to promote financial inclusion and create a more accessible and efficient payment system in the country. He also believes that the policy will help to position the country as a leader in the blockchain and cryptocurrency industry, creating new opportunities for businesses and entrepreneurs in the sector.

See excerpts "We will reform government policy to encourage the prudent use of blockchain technology in finance and banking, identity management, revenue collection, and the use of crypto assets. As part of our reforms, we will establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services and, where necessary, suggest changes create a more efficient and business-friendly regulatory framework. We will also encourage the CBN to expand the use of our digital currency, the Enaira."

What this means:

The policy of encouraging the adoption of blockchain technology and cryptocurrencies, as outlined in the excerpt, is related to the new Nigerian regulation on digital assets, which was introduced by the Nigerian Securities and Exchange Commission (SEC) in 2021. The new regulation provides a framework for the regulation of digital assets, including cryptocurrencies and
other digital tokens, in Nigeria. The regulation requires digital assets to be registered with the SEC and mandates that all digital asset offerings and investments must comply with SEC regulations.

The manifesto suggests a review of the existing SEC regulation on digital assets will be conducted with a view to making it more business-friendly.
For more details read; https://nairametrics.com/2023/03/03/tinubus-plan-for-blockchain-and-enaira-is-appealing-despite-lacking-details/

Una sorry for the lengthy thread but I been wan put as much details as possible so discussion go flow properly. So from my understanding this na wetin Tinubu talk for him acceptance speech as INEC been declare am President elect but I guess none of us hear am as we no watch the acceptance speech due to the fact he wasn't majority of us candidate. Make we leave the election matters aside and try discuss wetin him talk here. You feel say this na another bobo juice talk or tinubu truely mean am say him administration go look positive towards Bitcoin and cryptocurency in general?

Bare in mind say tinubu been dun talk this thing before when him dey campaign, you fit read am here Tinubu to youths: We will encourage use of blockchain technology in crypto assets so from wetin you think, you feel him government go dey friendly assuming he stays as our president or you feel this na another bobo juice talk to appeal the youths and nothing come out?

[Zanab247]

The man has really won the heart of the youths with this Blockchain technology and cryptocurrencies in Nigeria, but with his old age, can him be able to fulfill all those promises him made during the campaign because, I saw all those words like something that has ended after the INEC has declared Bola Tinubu president elect in Nigeria. Even though, the man is willing to do it for the growth of the youths, I don't think the cambers in the Aso Rock  will allow him to make it legal because, they will feel it will affect their corruptions business in Nigeria.

[Cryptomiles1]

just as I always said about this country and the existing leaders within the nation I don't usually trust them with their political fallacy which may not come through after finally securing their position, we have heard this long ago and also from the current administration. Well i have less to say about this but lets watch and see how we progress about all the tells (Promises). 

[Coyster]

The Buhari administration bin show small interest in blockchain technology when them been talk say FG go train 30,000 Nigerians on Blockchain technology, if you read this link wella you go see say them talk say training go start in December 2022, but as i no register, i no know if everything go as them talk. Abeg if any user here register for this training, make them give us feedback on the progress.

Having said that, we no go fit know from now wetin Tinubu plans concerning blockchain be, as for eNaira, that one was developed under the buhari's administration, but if Tinubu's government go help in its promotion and use around the country e go still make sense, for now person no fit predict if them really get plans for blockchain technology as them talk. Another thing be say when government (not peculiar to Nigeria alone) they talk about blockchain technology use, na mostly about CBDC development and other centralized use of the blockchain technology wey no they too favor us as bitcoiners.

[Rruchi man]

so from wetin you think, you feel him government go dey friendly assuming he stays as our president or you feel this na another bobo juice talk to appeal the youths and nothing come out?

It will be difficult to trust the words coming from a Nigerian politician who rigged his way into office and is about to force himself on the Nigerian people. Forgive me but I do not believe these guys until I actually see them doing something. We dun hear many many talk for politicians, some dey especially targeted to make the youths happy, and fool us into believing that they have us at heart. Poverty has been weaponized in Nigeria and will continue to be so far the people who have been in power for the past couple of years continue to rule us, they are about to be sworn in again. I find it hard to believe that they will really make any policy that will be to the favor of the Nigerian youths, especially any policy that has the potential to help them break out from the grip of poverty.

[Hyphen(-)]

I trust him words small because as you talk am say him been don talk for him campaign time, so wetting make the man repeat am be say him really get am for mind, I just hope say him fulfill all the promises wey him make because na so our politicians be, them go promise us heaven and earth but after dem don win election we no go here anything from them again, but make stay positive for this matter because even Buhari regime been show small interest, so e fit work.

[sokani]

I didn't read his manifesto and I don't know if he actually said anything about adopting cryptocurrency and digital currencies during his administration but I would take his word as a pinch of salt. I don't know but I don't think he really meant what he said, I take it as one of those lies politicians say to get hold of power.

[McOwen95]

I strongly believe that if Tinubu can set the right policies for adopting cryptocurrencies in Nigeria,  it will pave the way for a lot of development in Nigeria considering the acceptance rate by Nigerian youth.

[CryptopreneurBrainboss]

It will be difficult to trust the words coming from a Nigerian politician who rigged his way into office and is about to force himself on the Nigerian people. Forgive me but I do not believe these guys until I actually see them doing something. We dun hear many many talk for politicians, some dey especially targeted to make the youths happy, and fool us into believing that they have us at heart. Poverty has been weaponized in Nigeria and will continue to be so far the people who have been in power for the past couple of years continue to rule us, they are about to be sworn in again. I find it hard to believe that they will really make any policy that will be to the favor of the Nigerian youths, especially any policy that has the potential to help them break out from the grip of poverty.

No be lie when you reason an twice, maybe na script tinubu just dey read, maybe na wetin him campaign organizers write for am to read since dem know say Nigeria get lots of tech bros wey dey wait on wetin the government dey talk considering technology to know if them go throw support their way. You know this politicians can say anything to make sure they get the support of the youths to get in office. Shall him dun enter na, make we dey watch to see how the thing go play out. Me sha dey positive, I no go gain anything from been negative since I can't change the outcome of the election and the judiciary system isn't trustworthy to rely on.

I didn't read his manifesto and I don't know if he actually said anything about adopting cryptocurrency and digital currencies during his administration but I would take his word as a pinch of salt. I don't know but I don't think he really meant what he said, I take it as one of those lies politicians say to get hold of power.

See the news there, it's right there that he said it in his manifesto, him talk d thing during his campaigning, and now as him dey give his acceptance speech, him still talk am again. If him no mean am there was no need for him taking about it during his acceptance speech since him dun already enter the office na abi you dey think say dem script am like this so news media go carry am and him go win more favor in the eyes of the tech bros in Nigeria as anything wey positive towards blockchain development entirely in the country dey positive towards technology development as well.

[Agbe]

From the beginning of the APC government in 2014 campaigns till taken over of government, Tinubu was the spearheaded campaigner who promised Nigerian youths millions of jobs. Till date one {1} job has not been implemented by the APC or Tinubu party in the country. I will like to know any job provided by them which I am not aware because I am not good in news again. Therefore, I am not motivated or move by Tinubu unfulfilled promises. APC process are to suffer Nigerians and not for their good for their goods, they are white men in Black skin. They are devil incarnates. I don't take any of their promised serious. Tinubu will not accept blockchain because those who advise Buhari to stop bitcoin in the country are still with Tinubu.

[sokani]

Politicians will say anything to clinch power and to buy the hearts of the people but no matter how Tinubu tries he can't win me over. We all know that it's as a result of the END SARS protest that brought about the ban of cryptocurrency in the country and we also know his role during the protest, that's why I find it hard to believe him. If his administration welcomes blockchain adoption it would be good. But let's not get ahead of ourselves... Other aggrieved parties are seeking redress, so anything can happen.

[Marykeller]

You see this our leaders, them don know sae blockchain na the future and the youths are into it badly. Them they find ways to support am the way they can, not to talk against am. For Tinubu to talk this kind thing, em mean am and em do am without doubt.

The Buhari administration bin show small interest in blockchain technology when them been talk say FG go train 30,000 Nigerians on Blockchain technology, if you read this link wella you go see say them talk say training go start in December 2022, but as i no register, i no know if everything go as them talk. Abeg if any user here register for this training, make them give us feedback on the progress.

As for the training of 30,000 Nigeria youths, em happen throughout the federation. I be partake from am from telegram and even the governor of my state even organized and support for such training for the youths of the state. The thing be sae the training don stop, that should be ending of last month.
In case you be wan know what's up for the kind training wey been happen, you can search for NITDA BLOCKCHAIN SCHOLARSHIP on telegram

[Wiwo]

Baba like money oooo and I dey sure say him go put eye for blockchain to take develop the way we're him go dey cash out. Through income taxes from cryptocurrency and others. Blockchain-based businesses, and why I go believe the promise be said Jagaban jassy well so he goes know what's up as regards to cryptocurrency and because that he go works well. With policy makers to make a move, I'm in that direction.

-But the way past Nigeria leaders have treated this country with bad governance, and promises and have made some citizens to lose trust in them the politicians won't change and due

[CryptopreneurBrainboss]

You see this our leaders, them don know sae blockchain na the future and the youths are into it badly. Them they find ways to support am the way they can, not to talk against am. For Tinubu to talk this kind thing, em mean am and em do am without doubt.

Tinubu na industrious man no mata any other businesses wey dey rumor say him dey into, the guy get version and many people dun confirm am say his leadership enforced the development wey Lagos dey enjoy so. Like no be him start am oh but wetin him do as him enter power priorities the development and others governors wey follow, follow him foot steps as na him put them there. The only governor wey go against am wey be ambode, dem commot am immediately.

Dem say tinubu na talk and do, so make we dey watch, tinubu himself know say this blockchain adoption go benefit plenty people for him home state Lagos even though dem no vote am and I believe him go try make this happen. What's there to benefit of him making us suffer it won't be any different from what other president has done and he might just want to be different from the rest.

From the beginning of the APC government in 2014 campaigns till taken over of government, Tinubu was the spearheaded campaigner who promised Nigerian youths millions of jobs. Till date one {1} job has not been implemented by the APC or Tinubu party in the country.

Immediately a president take over the seat, he's now incharge, nothing wey party go fit do am and I think that's what happened between Buhari and tinubu and might just be the reason tinubu wants to do it himself. Maybe him dun try to talk with Buhari but baba no gree thinking say him wan control am as him dey control everybody wey him put for seat. No forget say even baba been dey against tinubu presidency so obviously something was wrong between the two because how you go deny your master success.

[KaliLinux]

Until e actually happens, I no go believe anything these people talk.

See excerpts "We will reform government policy to encourage the prudent use of blockchain technology in finance and banking, identity management, revenue collection, and the use of crypto assets. As part of our reforms, we will establish an advisory committee to review the existing regulatory environment governing blockchain technology and virtual asset services and, where necessary, suggest changes create a more efficient and business-friendly regulatory framework. We will also encourage the CBN to expand the use of our digital currency, the Enaira."

From that quote there, watin these people really wan do na the bolded part right there, them just added that use of crypto assets because them understand how the youths feel about crypto. I beg any body know watin happen to this plan by the same APC government till now FG to Partner Binance or no be the same party CBN Imposes N800m Fine On Banks For Crypto Transactions
As far as I am concerned, all na political stunt and I bet the people wai dey around him no go let the crypto aspect fly cos we don see am already before.

[Agbe]

You see this our leaders, them don know sae blockchain na the future and the youths are into it badly. Them they find ways to support am the way they can, not to talk against am. For Tinubu to talk this kind thing, em mean am and em do am without doubt.

Tinubu na industrious man no mata any other businesses wey dey rumor say him dey into, the guy get version and many people dun confirm am say his leadership enforced the development wey Lagos dey enjoy so. Like no be him start am oh but wetin him do as him enter power priorities the development and others governors wey follow, follow him foot steps as na him put them there. The only governor wey go against am wey be ambode, dem commot am immediately.

Dem say tinubu na talk and do, so make we dey watch, tinubu himself know say this blockchain adoption go benefit plenty people for him home state Lagos even though dem no vote am and I believe him go try make this happen. What's there to benefit of him making us suffer it won't be any different from what other president has done and he might just want to be different from the rest.

From the beginning of the APC government in 2014 campaigns till taken over of government, Tinubu was the spearheaded campaigner who promised Nigerian youths millions of jobs. Till date one {1} job has not been implemented by the APC or Tinubu party in the country.

Immediately a president take over the seat, he's now incharge, nothing wey party go fit do am and I think that's what happened between Buhari and tinubu and might just be the reason tinubu wants to do it himself. Maybe him dun try to talk with Buhari but baba no gree thinking say him wan control am as him dey control everybody wey him put for seat. No forget say even baba been dey against tinubu presidency so obviously something was wrong between the two because how you go deny your master success.

Brainboss I no go tell you lie, as e be like dis my brain dey hot like Timaya. Well pple dey sae Tinubu is a gud man, he is a real progressive, but even though Tinubu was not part of the presidency in the Buhari government, he has enough money. How many industries does he has that employ the youth if not to use dem to agaiinst #Endsars Nigerian Youths protesters and for POLITICAL thugs. Tinubu might be gud base on scholars speculation but the guy is too old now to vocalize for Nigerians again. Well let us see what he can do for the country. Me is I still believe that the cabals wey dey with Buhari go still dey with Tinubu to do di same things. As it is now no Nigerian has faith, hope, respect for INEC. Di political apathy in Nigeria is going to be 80%.  

Tinubu's plan to blockchain is very far from his tenure in government.

[Marykeller]

Tinubu na industrious man no mata any other businesses wey dey rumor say him dey into, the guy get version and many people dun confirm am say his leadership enforced the development wey Lagos dey enjoy so. Like no be him start am oh but wetin him do as him enter power priorities the development and others governors wey follow, follow him foot steps as na him put them there. The only governor wey go against am wey be ambode, dem commot am immediately.

Dem say tinubu na talk and do, so make we dey watch, tinubu himself know say this blockchain adoption go benefit plenty people for him home state Lagos even though dem no vote am and I believe him go try make this happen. What's there to benefit of him making us suffer it won't be any different from what other president has done and he might just want to be different from the rest.

Na true sae na Tinubu be industrious man and na em develop Lagos as em be so before other governors begin follow em footsteps of wetin em be the do for the state. Seriously Tinubu hold Lagos treasury for hand. Na em the appoint a sitting governor for the state and na em the also remove am. The issue between him and Ambode no be here for him to off the man's political career for Lagos.

The news wey I d receive be sae the governor of Lagos state Sanwo-Olu don follow em oga on top wey be Tinubu to approve cryptocurrency for youths in few days to election.

Despite the indefinite ban placed on cryptocurrency commercial trading by the Buhari regime and the Central Bank of Nigeria (CBN), Lagos state governor, Babajide Sanwo-Olu, is enticing youths in the state by floating the idea of cryptocurrency approval as he embarks on missions to canvass votes in a bid for re-election.
Link to info: https://gazettengr.com/sanwo-olu-entices-lagos-youths-with-cryptocurrency-approval-few-days-to-election/

Wetin I wan ask be sae for all this things wey our politicians the do? Why em d be sae when em reach for election, politicians go begin to d act good, d implement wetin d no implement at the early stage of their office? No be ojoro be that?

[Majestic-milf]

 E no surprise me from una comments say most of us believe say the man dey cap empty promises as is typical for politicians. I even see one weysay him fit get am for mind to reform the economy by allowing a freer operation for the Blockchain but corrupt minds fit kick against am, which I second. Because if there's one thing we govt deliberately like to do na to hamper progress if e no go benefit them, but wen e choke, them go come dey find ways.
 Quite alright e be business minded person, but with the way e age don go, e go fit achieve such a feat? Personally, I no see the need to strengthen the E-naira adoption when the local fiat dey shake like hen wey rain beat. E go good if im fit make this promise about the Blockchain acceptance come true sha, no be only to cap.

[KaliLinux]

Tinubu na industrious man no mata any other businesses wey dey rumor say him dey into, the guy get version and many people dun confirm am say his leadership enforced the development wey Lagos dey enjoy so. Like no be him start am oh but wetin him do as him enter power priorities the development and others governors wey follow, follow him foot steps as na him put them there. The only governor wey go against am wey be ambode, dem commot am immediately.

Dem say tinubu na talk and do, so make we dey watch, tinubu himself know say this blockchain adoption go benefit plenty people for him home state Lagos even though dem no vote am and I believe him go try make this happen. What's there to benefit of him making us suffer it won't be any different from what other president has done and he might just want to be different from the rest.

Na true sae na Tinubu be industrious man and na em develop Lagos as em be so before other governors begin follow em footsteps of wetin em be the do for the state. Seriously Tinubu hold Lagos treasury for hand. Na em the appoint a sitting governor for the state and na em the also remove am. The issue between him and Ambode no be here for him to off the man's political career for Lagos.

The news wey I d receive be sae the governor of Lagos state Sanwo-Olu don follow em oga on top wey be Tinubu to approve cryptocurrency for youths in few days to election.

Despite the indefinite ban placed on cryptocurrency commercial trading by the Buhari regime and the Central Bank of Nigeria (CBN), Lagos state governor, Babajide Sanwo-Olu, is enticing youths in the state by floating the idea of cryptocurrency approval as he embarks on missions to canvass votes in a bid for re-election.
Link to info: https://gazettengr.com/sanwo-olu-entices-lagos-youths-with-cryptocurrency-approval-few-days-to-election/

Wetin I wan ask be sae for all this things wey our politicians the do? Why em d be sae when em reach for election, politicians go begin to d act good, d implement wetin d no implement at the early stage of their office? No be ojoro be that?

Exactly watin I been wan come point out here cos I been see am for tweeter yesterday We will unlock the power of blockchain and cryptocurrency why all of a sudden these politicians wan come dey put crypto forward inside this then campaign? their brain been switch off all the while when Bubu decided to restrict all crypto transactions by Nigerian financial institutions thru the CBN? abi no be the same party dem dey? I go talk am again, all this na political bobo.

[Odohu]

Inasmuch as I know Nigerian politicians can promise anything during campaign,  Tinubu will do everything to get the sympathy and acceptance of the youths. Blockchain is one area he will achieve this if truly he care about the youths.  Nevertheless,  I will take this statement with a pinch of salt.