https://en.sputniknews.africa/20251213/africas-digital-surge-inside-nigerias-50-bln-crypto-wave-1081391334.html
Africa’s Digital Surge: Inside Nigeria’s $50 Bln Crypto Wave
Africa’s Digital Surge: Inside Nigeria’s $50 Bln Crypto Wave
Sputnik Africa
Across Africa, digital finance is expanding faster than traditional systems can adjust, driven by young populations searching for tools that match their... 13.12.2025, Sputnik Africa
2025-12-13T10:00+0100
2025-12-13T10:00+0100
2025-12-13T10:20+0100
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Africa’s Digital Surge: Inside Nigeria’s $50 bln Crypto Wave
Sputnik Africa
Across Africa, digital finance is expanding faster than traditional systems can adjust, driven by young populations searching for tools that match their economic realities. From cross-border payments to alternative savings cultures, cryptocurrencies have become part of a shift in how Africans navigate opportunity and financial independence.
Nigeria sits at the center of this momentum. The country recorded over 50 billion dollars in cryptocurrency transactions within a single year, a figure made public by the Securities and Exchange Commission. The scale reflects more than enthusiasm for digital assets; it reveals how Nigerians are responding to inflation, limited credit access and a banking system strained by demand.
Nigeria sits at the center of this momentum. The country recorded over 50 billion dollars in cryptocurrency transactions within a single year, a figure made public by the Securities and Exchange Commission. The scale reflects more than enthusiasm for digital assets; it reveals how Nigerians are responding to inflation, limited credit access and a banking system strained by demand.In a discussion with Global South Pole, Dr. Tami Koroye, a digital currencies policy expert and an International Trade Policy Analyst, noted that Nigeria’s crypto boom is rooted in material realities, not hype. He pointed out that exclusion from traditional finance, the rapid spread of affordable smartphones and the country’s massive youth population created conditions where digital assets became a natural alternative. He stressed that while cryptocurrencies offer opportunity, designing effective regulation must balance investor protection, innovation and the unique economic context of each African country.To find out more, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Castbox, Pocket Casts, Afripods, Podcast Addict, Overcast, and Mave Stream.► Check out all the episodes of Global South Pole
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Africa’s Digital Surge: Inside Nigeria’s $50 Bln Crypto Wave
Aliyu Bello
Correspondent, Podcast Host
Across Africa, digital finance is expanding faster than traditional systems can adjust, driven by young populations searching for tools that match their economic realities. From cross-border payments to alternative savings cultures, cryptocurrencies have become part of a shift in how Africans navigate opportunity and financial independence.
Nigeria sits at the center of this momentum. The country recorded over 50 billion dollars in cryptocurrency transactions within a single year, a figure made public by the Securities and Exchange Commission. The scale reflects more than enthusiasm for digital assets; it reveals how Nigerians are responding to inflation, limited credit access and a banking system strained by demand.
In a discussion with Global South Pole, Dr. Tami Koroye, a digital currencies policy expert and an International Trade Policy Analyst, noted that Nigeria’s crypto boom is rooted in material realities, not hype. He pointed out that exclusion from traditional finance, the rapid spread of affordable smartphones and the country’s massive youth population created conditions where digital assets became a natural alternative. He stressed that while cryptocurrencies offer opportunity, designing effective regulation must balance investor protection, innovation and the unique economic context of each African country.
“Looking at Nigerian demographic, which has a youthful population of 60%, and it's fast rising. […] And then comes the cryptocurrency phenomena, which in a way gives young persons in Nigeria access to financial options. […] Then you have the influx of cheap technology […] which then liberalizes the whole access of persons to get into the internet. […] You see a high surge because people […] now have access to smartphones and then have access to an alternative form of currency, or investment. […] So, for wealth building, and that wealth building can be tied back down to the economic situation,” Dr. Koroye explained.
To find out more, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.
In addition to the website, you can also catch our episodes on
Telegram.► Check out all the episodes of Global South Pole 
