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100 sats \ 0 replies \ @KesterBils 26 Mar \ on: Why Did CBDC Fail in Nigeria? Valuable Lessons for Developing Countries crypto
The thing is that the mainstream media is pushing a narrative of CBDC being a success in Nigeria but as a Nigeria who lives in Nigeria I'll tell you for a fact that I don't know anyone who uses e-naira.
In Nigeria, we see ENaira as a failed project as the other projects they've started.
Don't allow mainstream media to mislead you.
They tried and they failed the only problem we're facing now is the excessive printing of Naira by our government to loot, our currency is turning to sh!t even though our FX backlog was cleared by CBN it isn't evident on the price of goods and services, at one point this year we saw a daily increase in price for food, goods and services.
I'm compiling a content about 'The Reality Of What We're Facing In Nigeria 🇳🇬 ', I wanted to post it on Medium but I think I'll be posting it on here💯