Professor Urges Strong Regulation and Digital Literacy for Nigeria's Crypto Economy
Professor Lawrence Ajayi from Ekiti State University emphasizes the need for robust regulation and digital literacy to leverage cryptocurrencies and fintech for economic growth in Nigeria. He warns about the risks of inadequate oversight, citing past financial scandals.
Ajayi recommends implementing a nationwide financial literacy program, creating an investor-friendly environment, and establishing innovation zones to attract blockchain and fintech investments. He stresses the importance of expanding digital infrastructure for Nigeria to compete globally.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Financial Leaders Advocate Technology and Friendly Regulations for Financial Security
NITDA DG Stresses Alignment of Digital Transformation and Regulation in Nigeria
CBN Raises Concerns Over Nigeria's Fintech Sector's Reliance on Foreign Investments
CBN Warns Nigeria's Fintech Sector of Foreign Capital Risks, Emphasizes Domestic Funding and Regulatory Modernization
Nigeria's Fintech Sector Adapts to Data Localization Regulations
Nigeria Races to Formalize POS Network by January 2026 Deadline
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
