{"id":36591,"date":"2021-02-06T12:57:49","date_gmt":"2021-02-06T12:57:49","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=36591"},"modified":"2021-02-06T12:33:11","modified_gmt":"2021-02-06T12:33:11","slug":"atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions","title":{"rendered":"Atiku slams Nigerian govt, CBN for banning cryptocurrency transactions"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a>. <\/strong><\/span>Former Vice President and presidential candidate in the 2019 election, Atiku Abubakar, has slammed the Federal Government as well as the Central Bank of Nigeria (CBN), over its order to banks to shout down cryptocurrency operations.<\/p>\n<p>Atiku, in a statement on Saturday, faulted the apex bank over the policy, noting that with the present economic downturn in the country, Nigerians need all the help they can get to get out of the present economic quagmire.<\/p>\n<p>In a statement titled, \u201cWe Need To Open Up Our Economy, Not Close It,\u201d Atiku said the policy came at a very wrong time.<\/p>\n<p>\u201cThis is definitely the wrong time to introduce policies that will restrict the inflow of capital into Nigeria, and I urge that the policy to prohibit the dealing and transaction of cryptocurrencies be revisited,\u201d he said.<\/p>\n<p>\u201cThe number one challenge facing Nigeria is youth unemployment. In fact, it is not a challenge, it is an emergency. It affects our economy, and is exacerbating insecurity in the nation.<\/p>\n<p>\u201cWhat Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy, especially after reports by the National Bureau of Statistics indicating that foreign capital inflow into Nigeria is at a four year low, having plummeted from $23.9 billion in 2019, to just $9.68 billion in 2020.<\/p>\n<p>\u201cAlready, the nation suffered severe economic losses from the border closure, and the effects of the COVID-19 pandemic.<\/p>\n<p>\u201cIt is possible to regulate the sub sector and prevent any abuse that may be inimical to national security. That may be a better option than an outright shutdown.<\/p>\n<p>\u201cThere 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.<\/p>\n<p>\u201cWe must create jobs in Nigeria. We must expand the economy. We must remove every impediment towards investments. We owe the Nigerian people that much.\u201d<\/p>\n<p>We Need To Open Up Our Economy, Not Close It<\/p>\n<p>The number one challenge facing Nigeria is youth unemployment. In fact, it is not a challenge, it is an emergency. It affects our economy and is exacerbating insecurity in the nation.<\/p>\n<p>\u2014 Atiku Abubakar (@atiku) February 6, 2021<\/p>\n<p>Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Former Vice President and presidential candidate in the 2019 election, Atiku Abubakar, has slammed the Federal Government as well as the Central Bank of Nigeria (CBN), over its order to banks to shout down cryptocurrency operations. Atiku, in a statement on Saturday, faulted the apex bank over the policy, noting that with [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":36590,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,16,26],"tags":[1570,2140,316,966,2914,254],"class_list":["post-36591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-parties","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-atiku","tag-central-bank-of-nigeria","tag-cryptocurrency","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Atiku slams Nigerian govt, CBN for banning cryptocurrency transactions - Nigeria<\/title>\n<meta name=\"description\" content=\"Former Vice President and presidential candidate in the 2019 election, Atiku Abubakar, has slammed the Federal Governmen ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atiku slams Nigerian govt, CBN for banning cryptocurrency transactions\" \/>\n<meta property=\"og:description\" content=\"Former Vice President and presidential candidate in the 2019 election, Atiku Abubakar, has slammed the Federal Governmen ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-06T12:57:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/02\/img-601e8c6073f4e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"386\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Atiku slams Nigerian govt, CBN for banning cryptocurrency transactions\",\"datePublished\":\"2021-02-06T12:57:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions\"},\"wordCount\":370,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/02\/img-601e8c6073f4e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Atiku\",\"Central Bank of Nigeria\",\"Cryptocurrency\",\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Parties\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/parties\/atiku-slams-nigerian-govt-cbn-for-banning-cryptocurrency-transactions\",\"name\":\"Atiku slams Nigerian govt, CBN for banning cryptocurrency transactions - 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