Bright Enabulele, the creator of Oduwacoin, has urged Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) to adopt the first pan-African cryptocurrency.
In a series of tweets he made from his Beverly Hills office in the United States (US), Enabulele said should Cardoso adopt Oduwacoin as Nigeria’s alternative currency, it will stimulate his efforts to address the free-fall of naira.
“The continuous decline of the naira poses a grave threat to our nation’s financial stability and prosperity,” Enabulele stated.
“It is imperative that we explore innovative solutions to address this crisis and chart a course towards sustainable economic growth.”
His advocacy for Oduwacoin comes at a time when Nigeria grapples with mounting economic challenges, including inflation, currency devaluation, and dwindling foreign reserves. As traditional monetary policies struggle to contain the downward spiral, Enabulele believes that digital currencies offer a viable alternative to traditional financial systems.
“We’re at a pivotal moment in Nigeria. Adopting Oduwacoin, therefore, represents more than just a digital currency, it will definitely be a bold step towards financial empowerment, innovation, and global competitiveness.
“By adopting Oduwacoin, we can unlock new opportunities and chart a course towards a brighter, more prosperous future for all its citizens,” he explained.
Oduwacoin, a decentralised digital currency built on blockchain technology, holds the promise of providing Nigerians with greater financial autonomy and security. Running on its independent blockchain, Oduwacoin facilitates secure and transparent transactions, free from the constraints of traditional banking systems.
His expert opinion to the CBN Governor advocates for the integration of Oduwacoin into Nigeria’s financial infrastructure, alongside the naira. He argues that embracing digital currency would not only stabilise the economy but also foster innovation, entrepreneurship, and financial inclusion across the country.
The adoption of Oduwacoin has garnered support from various quarters, with proponents lauding its potential to revolutionise Nigeria’s financial landscape. They believe that Oduwacoin can empower millions of Africans, particularly those underserved by traditional banking systems, by providing access to secure and affordable financial services.
