Nigeria is the first African country to have a digital currency

Some 200 million nairas' worth of eNaira, which will maintain parity with the traditional currency, has been issued to financial institutions, he said. President Muhammadu Buhari said use of the currency could grow the economy by $29 billion over ten years, enable direct government welfare payments and even increase the tax base.

Nigeria ranked seventh in the 2021 Global Crypto Adoption Index compiled by research firm Chainalysis. Official digital currencies, unlike crytocurrencies such as Bitcoin, are backed and controlled by the central bank. "It's not clear looking at the CBN's body of work that Nigerians would be comfortable using this," said Ikemesit Effiong, head of research with Lagos-based consultancy SBMIntelligence.

"There are more questions than answers, even though we are looking at the launch of this digital currency. The fact that this is the case so late in the game is concerning," he told Reuters.

While in Mzansi they say its Scam

Also the country where most scams originate

Probably had hushpuppy Hook them up via a smuggled phone. 🪙 ☎️

UnmovedLee KganyagoLesetja SAReserveBank any comment

Lol the scamming nation

c_yar1 Opportunity are like sunrise if you are waiting too long you miss them while don't you start now working today where I traded now I'm earning good enough to take care of my family am a living testimony, may God continue to bless you salim_Lothe

Good! Now their princes can stop emailing me asking for money.

I see a disaster

Is it still there ? Hadn’t been stolen yet?

We want airdrops 😬😬

It's a Nigerian Scam

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There are always announcements that Nigeria is the first African country to do something but after that we here nothing. Why? What happened to their vaccine?

Lol

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