Politics

Atiku reacts to Cryptocurrency Ban, reveals what Buhari must do

Former Presidential candidate of the Peoples Democratic Party, Atiku Abubakar has reacted to the ban placed on Cryptocurrency by the Muhammadu Buhari Administration.

Abubakar, in a statement sent to POLITICS NIGERIA on Saturday, warned that the policy was adding to ‘Economic Pressure’ facing Nigerian youths.

“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.”

HEY!! CALM DOWN!! Do You Know You can Get All Our News Reports On WhatsApp? CLICK HERE to Check out!!

“What Nigeria needs now, perhaps more than ever, are jobs and an opening up of our economy, especially after today’s report by the National Bureau of Statistics indicated 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.”

“Already, the nation suffered severe economic losses from the border closure, and the effects of the #COVID19 pandemic.This 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.”

“It 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. 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.”

“We must create jobs in Nigeria. We must expand the economy. We must remove every impediment towards investments. We owe the Nigerian people that much.” he stated.

The post Atiku reacts to Cryptocurrency Ban, reveals what Buhari must do appeared first on Politics Nigeria.

Original

Related Articles

Please Do Drop A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
Close
Close