Atiku faults CBN shutdown of cryptocurrency transactions


Former Vice President Atiku Abubakar, has faulted the decision of the Central Bank of Nigeria to shutdown cryptocurrency operations.

The former Vice President noted that with Nigeria’s economic crisis, the country needs all the help it can get to get out of its present economic quagmire.

He said this in a statement titled, ‘We Need To Open Up Our Economy, Not Close It’, which he signed and made available to newsmen in Abuja, on Saturday.

Atiku explained that the number one challenge facing Nigeria is youth unemployment. Which in fact, is not a challenge but an emergency as it affects the economy, and is exacerbating insecurity in the nation. According to him, what Nigeria needs now, perhaps more than ever, are jobs and an opening up of the country's economy,

The former Vice President is of the opinion that this is a wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and urged that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited.

Atiku further said It is possible to regulate the sub sector and prevent any abuse that may be inimical to national security and it may be a better option than an outright shutdown.

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