Part 5/11:
Despite perceived advantages, the Nigerian populace has shown overwhelming resistance to the digital naira. The divide between crypto users and the unbanked—majority of Nigerians—created skepticism. For many, digital currency remains foreign or mistrusted, especially given the instability of the initial rollout. Nigerians’ reluctance was compounded by fears of surveillance, government overreach, and the technical limitations of embracing a cashless future in a country where large portions of the population lack access to reliable internet and banking infrastructure.