Referencing the e-Naira, Journalist Nick Corbishley said, “A very dark experiment is underway in Nigeria.”
In a tweet posted on Feb. 16, as riots broke out across several Nigerian cities, Corbishley said a failure to convince citizens to adopt the e-Naira has led to a doubling down by the central bank.
“Since October 2021, 99.5% of Nigerians have refused to use the central bank’s digital currency, the so-called e-Naira, preferring to continue using cash. So what did the central bank do? It doubled down.“
Drawing parallels with what happened in India in 2016, in which high-value bills were demonetized, Corbishley pointed out that Nigerian officials ruled a similar move in December 2022.
“The goal is to make it much more difficult for Nigerians to use cash. And it’s working like a dream/nightmare.”
This policy has culminated in a severe cash shortage triggering anger and disruption as businesses refuse to accept old denominations. Incidentally, a general election is set t
We współpracy z: https://cryptoslate.com/nigerias-cbdc-program-called-a-very-dark-experiment/
