Nigerians have reacted to the recent cryptocurrency ban policy by the Central Bank of Nigeria (CBN), ordering commercial banks across the 36 states of the country to stall payments on crypto exchanges.
Nigerians, in tens of thousands, took to social media platform to express their displeasure, condemning the apex bank’s decision.
Many, in their reaction, noted that the government was wrong for pushing the ban policy, especially at a time when a large population of the youth are unemployed.
Quillcastle correspondent, Aderonke Ogunleti, who roamed the social media, brings us some of these reactions.
This country is gradually crawling back.
Even when the country is not helping its citizens, they also want to stop us from helping ourselves!
God help us.
— Engr Ola (@EngrBruce2) February 5, 2021
We don't want their youth empowerments again..
They should give their families the Keke and okada enough is enough, their policies ain't even embracing development
— Horlami😎 (@Horlah_dah_boss) February 5, 2021
CBN Banned CRYPTO In Nigeria..
This shows that the government Is not fighting against corruption and poverty , it’s against youth being successful & liberated from poverty and
Nigeria government is really looking for every ways to frustrate the youth since #EndSARS protest
— ijoba money💰 (@baddestcash_) February 5, 2021
I thought it’s universal knowledge that decisions or policy regarding finance or economy should never be hasty? #crypto
— Ben Murray-Bruce (@benmurraybruce) February 5, 2021
The world has moved.
So should #Nigeria
— Tony Ajah (@tonyajah) February 5, 2021
— ISMAIL GOMBE (@_waziri_ismail) February 6, 2021
There is already immense economic pressure on our youths. It must be the job of the government, therefore, to reduce that pressure, rather than adding to it.
— Atiku Abubakar (@atiku) February 6, 2021
— Ageh Felix (@ageh_felix) February 6, 2021
— CROWN CRANE🦆 (@avthul_) February 6, 2021
#CBNBan Cbn is protecting the bankers over their bank reserve ratio ..this is the ratio of money banks must have to be able to give out loans. So if savings are drying up..the bank reserve ratio can't work
CBN is right
— virus🇬🇧🇳🇬 (@defvire) February 6, 2021
— ROYALTY (@KING_TAYOR) February 6, 2021