Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, believes that the adoption of eNaira, the digital currency of Nigeria, will only occur once the government is able to earn the trust of its citizens and when the naira achieves a more reputable position. Albert highlights the importance of building confidence among Nigerians in the government’s ability to effectively manage and regulate the eNaira system. Additionally, he emphasizes the need for the naira to be widely recognized and accepted as a reliable currency in order for the transition to digital currency to be successful. Ultimately, Albert suggests that trust and credibility are crucial factors that will determine the success of eNaira adoption in Nigeria.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinNigeria's eNaira adoption hindered by crypto ban despite high global ranking