https://en.sputniknews.africa/20240804/experts-hail-nigerias-blockchain-initiative-nigerium-as-a-counter-to-us-dollar-dominance-1067735620.html
Experts Hail Nigeria’s Blockchain Initiative Nigerium as a Counter to US Dollar Dominance
Experts Hail Nigeria’s Blockchain Initiative Nigerium as a Counter to US Dollar Dominance
Sputnik Africa
Nigerium is a recently announced project aimed at developing a robust blockchain ecosystem in the West African country. It seeks to promote technological... 04.08.2024, Sputnik Africa
2024-08-04T18:20+0200
2024-08-04T18:20+0200
2024-08-05T12:46+0200
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Nigerium can be viewed as a path toward fully undermining the dominance of the US dollar over other countries, Professor Kehinde A. Adetiloye at Covenant University told Sputnik Africa.This domestic initiative has the potential to cultivate a thriving startup ecosystem in Nigeria, leading to job creation and technological progress. According to John O. Oladipo, a blockchain expert and Senior Partner at Chayfield Law Practice, a robust blockchain ecosystem like Nigerium can also combat money laundering and corruption.Deborah Ojengbede, Co-founder of AFEN Blockchain Group and 2022 winner of the Women in Web3 & Blockchain Technology award in Nigeria, added that the initiative could spur the development of new businesses, provide global investment opportunities, and offer cheaper remittances, which are vital for many African economies.
https://en.sputniknews.africa/20240709/nigeria-takes-aim-at-digital-sovereignty-with-nigerium-blockchain-project-1067435281.html
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Experts Hail Nigeria’s Blockchain Initiative Nigerium as a Counter to US Dollar Dominance
18:20 04.08.2024 (Updated: 12:46 05.08.2024) Nigerium is a recently announced project aimed at developing a robust blockchain ecosystem in the West African country. It seeks to promote technological advancement, combat economic issues, and foster business development.
Nigerium can be viewed as a path toward fully undermining the dominance of the
US dollar over other countries,
Professor Kehinde A. Adetiloye at Covenant University told
Sputnik Africa."There has to be a trajectory towards a complete dismantling of the dollar and its hegemony on countries. So this is just where we are right now. […] De-dollarizing is a momentum. It has started," he said.
This domestic initiative has the potential to cultivate a thriving startup ecosystem in Nigeria, leading to job creation and technological progress. According to
John O. Oladipo, a blockchain expert and Senior Partner at Chayfield Law Practice, a robust blockchain ecosystem like Nigerium can also combat
money laundering and corruption.
Deborah Ojengbede, Co-founder of AFEN Blockchain Group and 2022 winner of the Women in Web3 & Blockchain Technology award in Nigeria, added that the initiative could spur the development of new businesses, provide global investment opportunities, and offer cheaper remittances, which are vital for many African economies.
