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Wednesday, May 29, 2024

Tinubu To Youths: We Will Encourage Use Of Blockchain Technology In Crypto Assets

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Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), says his administration will encourage the use of blockchain technology in finance and cryptocurrency assets if he is elected into office.

Blockchain Technology is an advanced database mechanism that allows transparent information sharing within a network.

In 2021, the Central Bank of Nigeria (CBN) directed all banks in Nigeria to close accounts of persons or entities involved in cryptocurrency transactions within their systems.

Explaining the decision, Godwin Emefiele, CBN governor, said it was in the best interest of the citizens.

Speaking on Friday at a town hall meeting with youths in Abuja, Tinubu said his administration would implement policies that would enable them to take advantage of the opportunities in ICT.

READ ALSO: Fuel Subsidy Is Not Fair To The Poor – Tinubu

“I promise a thriving digital economy where those interested in pursuing careers of integrity in ICT will be able to do so,” he added.

“We will also ensure that Nigeria can take greater advantage of relatively recent innovations such as blockchain technology.

“I promise to invest in the infrastructure required to boost an already-successful entertainment industry. Working with private sector partners we will bridge the existing gaps to build modern media centers and upgrade existing entertainment venues and stadia across the country to world-class standards.

“My administration will reform the education sector by focusing on quality, access, funding, management, effectiveness, and competitiveness.

READ ALSO: Atiku’s Aide Says Tinubu Lacks Moral Right To Reform Yahoo Boys

“I promise, we will provide good and quality education in tune with 21st-century demands.”

Tinubu also said under his administration, youths would become leading catalysts to drive economic prosperity.

TINUBUTrending video of the day;

Photo Credit: Getty 

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