It will be interesting how this project fails, most African nations are cash economies, even South Africa is still above 50% physical cash and the only reason people use digital cash is temporary, like remitting to another person so they can pull cash from a store or ATM.

Sadly this whole issue driven by the government is likley wealth destroying for the people of Nigeria, but at least the market is showing they're not having it and voting with their actions

While we bitcoiners shit on cash, it just shows how powerful a liquid market for a bearer asset is and how people will demand it. I think a CBDC is more likley to work in developed markets, sorry for them

It seems this crisis is just getting started