Head of Nigeria's Opposition Party Promises Progressive Cryptocurrency Policies if Elected President

Atiku Abubakar, the former vice president of Nigeria, has said that the African nation will adopt cryptocurrency and launch more initiatives to promote awareness and make use of blockchain technology - if he is elected as Nigeria’s president in the coming elections.

Teaching Students About Blockchain In Primary Schools

Abubakar is currently the leader of Nigeria’s main opposition party and recently released his policy document, which mentions that the country should create a legal policy that will require students to learn about cryptocurrencies and blockchain - starting from primary school and through university.

At present, there are over 50 Nigerian politicians that are actively campaigning in order to become Nigeria’s next president. The country’s general elections are scheduled to be held in February 2019.

Having previously served as Nigeria’s vice president from 1999 to 2007, Abubakar is also planning to contribute what he has learned from working in the corporate sector. As a well-known African business tycoon, Abubakar has an ownership stake in some of Nigeria’s largest companies. These include firms operating in the country’s agricultural, logistics and supplies, news media, and food and beverage industries.

 "Comprehensive Policy On Blockchain Technology And Crypto"

In his recently released campaign policy document, Abubakar has recommended “producing a comprehensive policy on blockchain technology and cryptocurrencies”, and that he would ensure (if elected) that the country’s relevant government departments take the appropriate measures to help Nigerian citizens adopt the latest technology.

Moreover, the experienced 71-year-old businessman has promised that if his political party comes into power, then he would help build a knowledge-based economy. An information-centric approach to managing a government is required for all nations, so that they may become key players in the rapidly evolving global economy, Abubakar explained.

The seasoned politician added that his government will aim to improve Nigeria’s literacy rate by adopting the latest communication technologies, and by making important changes to the country’s existing school curriculum.

Warning Against Market Volatility, Exchange Bankruptcy

As CryptoGlobe reported in March, Nigeria’s central bank had issued a warning against investing in digital currencies. The Central Bank of Nigeria (CBN) had said that those looking to invest in cryptoassets must do so at their own risk.

At the time, CBN’s warning had aimed to inform Nigerian citizens and local financial institutions that they face potential risks if they get involved in the crypto space, such as market volatility and exchange bankruptcy.