Atiku Faults CBN Shutdown of Cryptocurrency Transactions

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Former Vice President Atiku Abubakar has faulted the decision of the Central Bank of Nigeria, CBN, 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 said, “The number one challenge facing Nigeria is youth unemployment. In fact, it is not a challenge, it is an emergency. It affects our economy, and is exacerbating insecurity in the nation.

 

“What Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy, especially after today’s report by the National Bureau of Statistics indicated that foreign capital inflow into Nigeria is at a four year low, having plummeted from $23.9 billion in 2019, to just $9.68 billion in 2020.

 

“Already, the nation suffered severe economic losses from the border closure, and the effects of the COVID-19 pandemic.

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