Nigerian Presidential Candidate Atiku Abubakar To Support Blockchain And Cryptocurrency If Elected

Blockchain, News | November 23, 2018 By:

Atiku Abubakar, Nigeria’s former vice president and presidential candidate of the Peoples Democratic Party (PDP), said the country will support blockchain and cryptocurrency if he is elected as president in 2019.

In his ‘Get Nigeria Working Again’ campaign policy document, Abubakar revealed that he aims to speed up the economy positively through blockchain and cryptocurrency. He promises to produce a comprehensive policy on blockchain technology and cryptocurrencies, and enhance ICT literacy initiatives from early school programs to adult education.

“My mission is to ensure that Nigeria’s economy is responsive to the challenges of the 21st century knowledge economy by keeping with the amazingly dynamic technological pace,” Abubakar said.

Abubakar claims that production of a comprehensive policy on blockchain and digital currencies by the relevant government agencies will ensure that these areas are regulated and managed in a way that provides job opportunities as well as income for the government and people of Nigeria. He added that regulation will “provide clarity for informed decision making, in this $278 billion industry that consists of 1,800 currency types.”

Nigeria’s presidential election is scheduled for February 16, 2019. The incumbent All Progressives Congress (APC) unanimously selected President Muhammadu Buhari as its candidate, while the PDP picked Abubakar by a large margin from a crowded field. In addition, three other prominent Nigerians have declared for the presidency as the candidate of minor parties: Oby Ezekwesili for the Allied Congress Party, Donald Duke for the Social Democratic Party, and Kingsley Moghalu for the Young Progressives Party (YPP). All five candidates will engage in a public debate on December 14.