📰 Crypto Use in Nigeria Could Reach New Heights by 2028
Nigeria's SEC Chief Emomotimi Agama predicts significant growth in crypto adoption by 2028, potentially reaching a market value of $52.5 million. Currently, one-third of Nigerians use or own cryptocurrencies. Agama highlights crypto's potential to provide financial access to the unbanked population and reduce the cost of international money transfers. Despite challenges like unclear regulations and security risks, the SEC aims to create a balanced approach to harness crypto's benefits while protecting investors.
