The Minister of State for Budget and National Planning, Prince Clem Agba, has said that with measures put on ground by the Federal Government, especially with the repositioning of the budget calendar to January – December, Nigerian economy is on its way to a strong revival as millions of jobs would be created over the next five years with fintech and crypto currencies playing a big role.
The Minister, who was a guest speaker at the 13th Annual Lecture of Punuka Attorneys and Solicitors, said the topic: fintech, crypto and frontier technologies in trade; prospects and legal challenges, was timely due to its relevance to the nation, particularly with the recent launch of the e-Naira.
At the event, an Associate Professor Charles Von Simson at University of Wisconsin, USA, noted that stable coins are digital access, designed to maintain a stable value relative to a national currency or other reference asset. Simson, however, warned that stable-coin users were at the risk of both financial and systemic loss because of the economic power of the currency.
