Atik refused by CBN to stop cryptocurrency transactions … See what he has to say

Atiku Abubakar, a former vice president, accused the Central Bank of Nigeria of the decision to shut down cryptocurrency transactions.

The former vice president noted that due to the economic crisis in Nigeria, the country needs all possible help to get out of the current economic quagmire.

He said this in a statement entitled “We must open up our economy, not close it”, which he signed and presented to reporters in Abuja on Saturday.

Atiku said, “The number one problem facing Nigeria is youth unemployment. In fact, this is not a problem, it is urgent. This affects our economy and exacerbates the country’s insecurity.

“The country has already suffered serious economic losses due to the closure of the border and the consequences of the COVID-19 pandemic.

“This is definitely not the time to introduce a policy that will restrict capital inflows to Nigeria, and I urge a review of the policy that prohibits cryptocurrency trading and transactions.”

The former vice president went on to say: “The subsector can be regulated and any abuse that may be hostile to national security can be prevented. Perhaps this is a better option than a hard stop.

“Our youth are already under tremendous economic pressure. Therefore, it is the government’s job to relieve this pressure, not add it.

“We must create jobs in Nigeria. We need to expand the economy. We must remove all barriers to investment. We owe a lot to the Nigerian people. ”