Part 1/11:
The Dark Saga of Nigeria’s Cashless Policy and Digital Currency Experiment
Introduction: A Country in Crisis
Nigeria, Africa’s largest economy, finds itself embroiled in a profound financial and political upheaval. The country’s recent attempts to phase out cash and introduce a Central Bank Digital Currency (CBDC) have sparked widespread controversy, unrest, and frustration among its over 200 million citizens. As the nation navigates this turbulent transition, the implications extend far beyond Nigeria, offering a cautionary tale about the complexities of digital transformation in emerging economies.