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Author Topic: Benefits of bitcoin investment to Nigeria economy  (Read 179 times)
Joy- maker (OP)
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February 17, 2025, 05:35:24 PM
 #1

My country people ona good evening for inside this evening.
my better people me just seat down come reason out things wey go fit benefit Nigeria economy if Nigeria run bitcoin investment, now things I won list out now make ona check an out too.
1, job creation: if Nigerian do bitcoin investment, the investment go come make industries to come dey grow for Nigeria wey go create job opportunities wey be like cryptocurrency trading, financial technology wey go intersect finance and technology and blockchain technology, wey go come make some unemployed people come get work to taking care of their family and their bills.

2, foreign investment attraction: for this one bitcoin investment go carry foreign investors come Nigeria wey go come make money dey flow enter Nigeria like water wey go help Nigeria economy dey grow well.

3,diversified economy: for this one if Nigerian do bitcoin investment ehh go help Nigeria for wetting them dey call diversify economy wey go reduce too much of depending on our oil and gas.
My fellow country people how one see an make we reason follow put talk join wetting I talk.

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February 18, 2025, 09:51:42 AM
Merited by igebotz (1)
 #2

My country people ona good evening for inside this evening.
my better people me just seat down come reason out things wey go fit benefit Nigeria economy if Nigeria run bitcoin investment, now things I won list out now make ona check an out too.
1, job creation: if Nigerian do bitcoin investment, the investment go come make industries to come dey grow for Nigeria wey go create job opportunities wey be like cryptocurrency trading, financial technology wey go intersect finance and technology and blockchain technology, wey go come make some unemployed people come get work to taking care of their family and their bills.
I no see how Bitcoin investment want to make industries to grow for di country and create job opportunities. Na robust economy, enabling environment for businesses and favorable government policies de help industries to grow. Bitcoin investment and trading suppose to be alternative sources of income because na on di long term you go get ROI and trading de risky, no guarantee of profits.

Quote
2, foreign investment attraction: for this one bitcoin investment go carry foreign investors come Nigeria wey go come make money dey flow enter Nigeria like water wey go help Nigeria economy dey grow well.
I no understand how Bitcoin want to take carry foreign investors to come inside Nigeria, and money go de flow? Bitcoin na decentralized digital currency, e no get any connections with foreign investments. Nothing concern our macro economic growth with Bitcoin, except maybe if our government hodl am as part of our reserve. Bitcoin de give benefits and profit to people wey hold am on di long term, unto say na decentralized digital currency.

Quote
3,diversified economy: for this one if Nigerian do bitcoin investment ehh go help Nigeria for wetting them dey call diversify economy wey go reduce too much of depending on our oil and gas.
I can agree with dis one wey you talk because if our government decides to invest in Bitcoin as an alternative source of income or diversified economy as you call am, e go de profitable for our economy. Bitcoin don build reputation as a store of value wey get potentials to de reach ATH so if an individual, institutions or a country hodl am e go give dem profits on di long term.

 
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February 18, 2025, 01:55:44 PM
 #3


1, job creation:
I think you surpose throw more light on how Bitcoin wan create job opportunities for we country, because the last time I checked, Bitcoin na asset that appreciate in value overtime, so it falls under investment, not something that can be giving you weekly or monthly income as you dy talk.

Quote
2, foreign investment attraction:
 
My guy, try dy sure of wetin you dy talk before voicing out your thought because majority of wetin people dy use rate you as a person na wetin dy come out from your mouth, you no go continue speak jagons and be thinking that people go take you serious, or e get wetin I dy miss our here?
Throw more light on these two I listed down here, because as for me, everything you talk concerning these two no make sense in anyway.

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February 18, 2025, 04:04:56 PM
 #4

Bitcoin investment is possible to improve the Nigerian economy, but its implementation may come with some challenges. First, Bitcoin and blockchain technology will enable new businesses such as cryptocurrency trading, financial technology, and blockchain services. This will create jobs for many unemployed youth and increase the country’s productivity. Second, Bitcoin investment can encourage foreign investors to invest in the country, increase capital flows into the country, and contribute to economic growth. Third, Nigeria can diversify its economy by reducing its dependence on oil. However, proper policies and technological developments are needed to integrate with the international market. In addition, it is also important to prepare the local market to handle the risks of Bitcoin and the volatility of the international market.
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February 18, 2025, 05:15:42 PM
Merited by Btcdeybodi (4), igebotz (3)
 #5

1, job creation: if Nigerian do bitcoin investment, the investment go come make industries to come dey grow for Nigeria wey go create job opportunities wey be like cryptocurrency trading, financial technology wey go intersect finance and technology and blockchain technology, wey go come make some unemployed people come get work to taking care of their family and their bills.

Is there going to be an infrastructural facilities if the government get to invest on bitcoin? I guess it processes will still be facilitated in the banks or other related financial institutes that has been under authority control.
Although it'd still create a certain level of employment because the bankers might not be known to the bitcoin blockchain.
One other thing I know it'd encourage is mining because if the government know the economy developing potential of bitcoin, they'd do well look into electricities for the provisions of those who'd want to mine but has been discouraged due to irregular electricity.


2, foreign investment attraction: for this one bitcoin investment go carry foreign investors come Nigeria wey go come make money dey flow enter Nigeria like water wey go help Nigeria economy dey grow well.

One unique development bitcoin adoption by the government will bring to Nigeria is the foreign cooperative affairs that it economist experts defines the holdeof funds in fiat can be devalued but holding on to bitcoin would be better of especially when both are in same insight of hedging generated incompetent bitcoin. That'll even help the Nigeria economy since our Nigeria has been so weak against the USD.
It'll also make it flexible foreign clients to make payments without the charge of the high fees with the banks.

Joy- maker (OP)
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February 18, 2025, 05:37:10 PM
Last edit: February 18, 2025, 07:13:49 PM by Joy- maker
 #6


1, job creation:
I think you surpose throw more light on how Bitcoin wan create job opportunities for we country, because the last time I checked, Bitcoin na asset that appreciate in value overtime, so it falls under investment, not something that can be giving you weekly or monthly income as you dy talk.

Quote
2, foreign investment attraction:
 
My guy, try dy sure of wetin you dy talk before voicing out your thought because majority of wetin people dy use rate you as a person na wetin dy come out from your mouth, you no go continue speak jagons and be thinking that people go take you serious, or e get wetin I dy miss our here?
Throw more light on these two I listed down here, because as for me, everything you talk concerning these two no make sense in anyway.
futurrexxx if you no understand something, that one no come mean say you come talk say wetting person dey talk no make sense, people wey understand wetting I dey talk done follow chuck mouth for the talk, no be every thread person suppose chuck mouth if you No understand an just move to the next thread.

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February 18, 2025, 05:46:15 PM
 #7

How OP go dey talk of bitcoin investment for Nigeria, how?

What do you even mean by bitcoin investment? You mean people creating account where you can lodge your coins and get scammed? I even know of some platform like that sometime wey be like networking, you bring people and dem register with some usdt abi na fraction of btc but you can't withdraw any thing wey accumulate. You go dey see am but you can't have access to withdraw am. See, all those bitcoin investment no make sense because na scam e go turn to at the end of the day. Some are still going on in form of trading and sharing of signal but whether na real or not no be for me.

Serious talk be say bitcoin investment or what no be wetin you need to do with people. If you want to invest in btc then buy the amount of btc wey you fit buy and hodl in your noncustodial wallet like Trust wallet, Metamask etc.

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February 18, 2025, 07:02:25 PM
 #8


1, job creation:
I think you surpose throw more light on how Bitcoin wan create job opportunities for we country, because the last time I checked, Bitcoin na asset that appreciate in value overtime, so it falls under investment, not something that can be giving you weekly or monthly income as you dy talk.

Quote
2, foreign investment attraction:
 
My guy, try dy sure of wetin you dy talk before voicing out your thought because majority of wetin people dy use rate you as a person na wetin dy come out from your mouth, you no go continue speak jagons and be thinking that people go take you serious, or e get wetin I dy miss our here?
Throw more light on these two I listed down here, because as for me, everything you talk concerning these two no make sense in anyway.
futurrexxx if you no understand something, that one no come mean say you come talk say wetting person dey talk no make sense, people wey understand wetting I dey talk done follow chuck mouth for the talk, no be every thread person suppose chuck mouth if you understand an just move to the next thread.
Guy man no be quarrel,  if wetin I talk no sweet you for body no wahala, your job is to take the Mike and talk how Bitcoin use become a job opportunity or a source of income as you don already talk, because to the best of my knowledge Bitcoin na investment opportunity wey if you invest in it now, the results no go come now or a year time, unless you wan trade am for minimal gains, and you and I know say Bitcoin investment no be something wey you fit reply on for survival, even before  ur investment go  ripe, you need something wey go dy fund ur daily lives, so my brother, no how you wan put am wey e go fit in as a job opportunity.
No vex say yesterday and today e just be like say I dy follow you up back to back even for buy the dip and hodl, and buy buy buy, sell sell sell, na base on wetin you talk nai make I respond, because them dy out of line, we all come here to learn, that's why I say ur job is to take the Mike and talk how Bitcoin wan use create job for we country.

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February 19, 2025, 03:03:22 PM
 #9


1, job creation:
I think you surpose throw more light on how Bitcoin wan create job opportunities for we country, because the last time I checked, Bitcoin na asset that appreciate in value overtime, so it falls under investment, not something that can be giving you weekly or monthly income as you dy talk.

Quote
2, foreign investment attraction:
 
My guy, try dy sure of wetin you dy talk before voicing out your thought because majority of wetin people dy use rate you as a person na wetin dy come out from your mouth, you no go continue speak jagons and be thinking that people go take you serious, or e get wetin I dy miss our here?
Throw more light on these two I listed down here, because as for me, everything you talk concerning these two no make sense in anyway.
futurrexxx if you no understand something, that one no come mean say you come talk say wetting person dey talk no make sense, people wey understand wetting I dey talk done follow chuck mouth for the talk, no be every thread person suppose chuck mouth if you understand an just move to the next thread.
Guy man no be quarrel,  if wetin I talk no sweet you for body no wahala, your job is to take the Mike and talk how Bitcoin use become a job opportunity or a source of income as you don already talk, because to the best of my knowledge Bitcoin na investment opportunity wey if you invest in it now, the results no go come now or a year time, unless you wan trade am for minimal gains, and you and I know say Bitcoin investment no be something wey you fit reply on for survival, even before  ur investment go  ripe, you need something wey go dy fund ur daily lives, so my brother, no how you wan put am wey e go fit in as a job opportunity.
No vex say yesterday and today e just be like say I dy follow you up back to back even for buy the dip and hodl, and buy buy buy, sell sell sell, na base on wetin you talk nai make I respond, because them dy out of line, we all come here to learn, that's why I say ur job is to take the Mike and talk how Bitcoin wan use create job for we country.

Buddy my advise for both of you on this argument is, with the little I know about this forum, I think what we do here is interaction, quote and counter quotes, we must not agree on what each other say but in all our arguments must make sense in such a way that it may solve the problem of people reading through, yea Bitcoin is an investment and investment it remains, people get stucked and disappointed when the see Bitcoin as what's not, we are talking about an investment of that can be of very big benefit to it's investors i the future, though technical aspect of Bitcoin can generate income for people that are involved in that aspect, Bitcoin invention was for a reason and that reason initially was for easy transaction between it users across the network, it upgraded to investment and from that time till now it has proven that it is the best digital asset that we can invest in for our future reseve

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February 19, 2025, 06:14:14 PM
 #10


1, job creation:
I think you surpose throw more light on how Bitcoin wan create job opportunities for we country, because the last time I checked, Bitcoin na asset that appreciate in value overtime, so it falls under investment, not something that can be giving you weekly or monthly income as you dy talk.

Quote
2, foreign investment attraction:
 
My guy, try dy sure of wetin you dy talk before voicing out your thought because majority of wetin people dy use rate you as a person na wetin dy come out from your mouth, you no go continue speak jagons and be thinking that people go take you serious, or e get wetin I dy miss our here?
Throw more light on these two I listed down here, because as for me, everything you talk concerning these two no make sense in anyway.
futurrexxx if you no understand something, that one no come mean say you come talk say wetting person dey talk no make sense, people wey understand wetting I dey talk done follow chuck mouth for the talk, no be every thread person suppose chuck mouth if you No understand an just move to the next thread.
Na wa o una wan use that wan dey get problem for this place. Everybody get their won wey dey see Bitcoin investment. I no expect say we go all get the same pattern wey we they use follow Bitcoin so make we no impose something for another person head especially wen the person no gree accept the thing. This life na choice and na weting u talk for your post earlier on. U get your own way na so Futurexxxx get him own way to do him own things. Make una just avoi the conversation so that e no go pass like this. 
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February 19, 2025, 08:23:00 PM
 #11

OP na jjc now, no be everytime wey newbie them talk una suppose to dey lash dem now, me i know sey me sef never tey like dat , but make we take am easy even if e no put the talk wey him wan talk well make we dey help them, dem understanding never go too far in as much as they are eager to be part of us and want to flow through, maybe OP wan say make we country accept Bitcoin so that e go beta for our people, him come sey investment,that one no be wahala now, make we try dey correct newbies calmly so that them no go do the same mistake for other boards, wey go shame us , some of dem no go even try to create topics because dem dey shame to collect lashing and na how dem wan learn, na for local we fit teach ourselves ooh no be anywhere,let us teach them please we are all learning everyday nobody is perfect, seniors make una share the wisdom and knowledge we go learn, some person no get anybody to ask questions,wen dem don think the tin taya, dem go come put am for topic to get answers and know more.
OP Your Benefit of Bitcoin investment to Nigeria economy can only be possible if it is accepted by the government of Nigerian.

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February 19, 2025, 08:39:22 PM
 #12

My country people ona good evening for inside this evening.
my better people me just seat down come reason out things wey go fit benefit Nigeria economy if Nigeria run bitcoin investment, now things I won list out now make ona check an out too.
1, job creation: if Nigerian do bitcoin investment, the investment go come make industries to come dey grow for Nigeria wey go create job opportunities wey be like cryptocurrency trading, financial technology wey go intersect finance and technology and blockchain technology, wey go come make some unemployed people come get work to taking care of their family and their bills.

2, foreign investment attraction: for this one bitcoin investment go carry foreign investors come Nigeria wey go come make money dey flow enter Nigeria like water wey go help Nigeria economy dey grow well.

3,diversified economy: for this one if Nigerian do bitcoin investment ehh go help Nigeria for wetting them dey call diversify economy wey go reduce too much of depending on our oil and gas.
My fellow country people how one see an make we reason follow put talk join wetting I talk.
Besides the benefits of Bitcoin to the citizens, the government as a body of leadership also has to benefit from Bitcoin investments like what President Donald Trump is doing in America by creating a sort of Bitcoin reserve for future purposes while removing or reducing the tax return and regulations surrounding it's use and acceptance.

Instead this our government leadership to find a way to create jobs and investment opportunities via Bitcoin investment, they only recently are introducing taxes for all Bitcoin and cryptocurrencies transactions within this region, which is doing exactly the opposite of what America and most other developed countries are doing.

We are the ambassadors of cryptocurrency and Bitcoin as a first choice cryptocurrency investment option in this country and it's our duty to create the opportunities we want for ourselves while enlightenment and public campaigns is a paramount duty to help those who are yet to see the light.

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February 19, 2025, 09:49:51 PM
 #13

My country people ona good evening for inside this evening.
my better people me just seat down come reason out things wey go fit benefit Nigeria economy if Nigeria run bitcoin investment, now things I won list out now make ona check an out too.
1, job creation: if Nigerian do bitcoin investment, the investment go come make industries to come dey grow for Nigeria wey go create job opportunities wey be like cryptocurrency trading, financial technology wey go intersect finance and technology and blockchain technology, wey go come make some unemployed people come get work to taking care of their family and their bills.
I no see how Bitcoin investment want to make industries to grow for di country and create job opportunities. Na robust economy, enabling environment for businesses and favorable government policies de help industries to grow. Bitcoin investment and trading suppose to be alternative sources of income because na on di long term you go get ROI and trading de risky, no guarantee of profits.

Normally the way op put those words no too sharp, but its a good thing someone is doing his assignment and learning from the forum. Op we understand you wan try hype bitcoin but next try do extensive research so that you go fit back up your claims with good points or fact. On the other hand bitcoin fit improve the economy but no be to the extent wey op extreme am to be. Just look how El Salvador economy don increase since them adopt bitcoin as a legal tender for their country. E no get as e wan be place wey people dey fit use bitcoin as legal tender for this current world wey some government still dey fight against bitcoin, trust me many tourists go like qan come get first hand experience of how them fit use bitcoin lighting network to make swift pay especially when them dey neighboring countries.

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February 25, 2025, 04:37:04 AM
 #14

The government should definitely increase its investment in technology for the economic development of the country. If the government educates the youth of its country about Bitcoin and encourages its use, Nigeria can become economically prosperous very quickly.

There are many rural area people in Nigeria who do not have bank accounts and cannot send money to their families or members on time. If they get an idea about Bitcoin, they can quickly make Bitcoin account. By using Bitcoin, they will get the benefit of transferring money quickly. Moreover, Nigerians who work abroad can quickly send their money to their country or family in a very short time without any banking hassle. In this way, they can send money without paying charges.

If the government plans to reserve Bitcoin, they can profit several times more from Bitcoin investment in the next few years. The government can use part of the profit to invest and develop elsewhere.

The young society is now spending the most time on Bitcoin and blockchain technology. If the young society gains skills on its technology, it will get various types of job opportunities centered on it. Which can add a lot of remittance to the country's economy. The more the young society can be educated about Bitcoin technology, the more development will be possible.

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