Nigeria’s SEC boss says crypto can aid 38M unbanked

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Nigeria’s SEC DG Emomotimi Agama highlights the potential of cryptocurrency to benefit 38 million unbanked Nigerians, projecting the market to reach $52.5M by 2028. He emphasizes the need for clear regulations, improved security, and financial education.

The Director General of the Securities and Exchange Commission in Nigeria, Emomotimi Agama, has highlighted the potential of cryptocurrency to significantly benefit the country’s unbanked population.

The SEC boss emphasized that approximately 33.4% of Nigerians own or use cryptocurrencies, which presents a unique opportunity to extend financial services to the country’s over 38 million unbanked adults.

 

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