Social Democratic Party presidential candidate, Adewole Adebayo has promised to use blockchain and digital currencies to create 30 million jobs.

Adewole Adebayo said the introduction of the latest technology will help reduce the country’s unemployment rate. The rate has been gradually increasing over the last ten years and this year it reached almost 10%.

The candidate said that his future administration intends to join forces with 2,000 local cryptocurrency companies. Their digital products could create 10 to 30 million jobs in Nigeria, assures the politician, who has enlisted the support of the National Black Chamber of Commerce (NBCC) in the United States.

According to an April study by cryptocurrency exchange KuCoin, 35% of Nigerians between the ages of 18 and 60 owned or traded in crypto in the last six months. This is due to the country’s high inflation rate, which exceeded 20%, reaching a 17-year high.

Harsh economic conditions and the collapse of the Nigerian naira in the black market are encouraging Nigerians to invest in crypto-assets to preserve their savings.

In October, the Blockchain Association of Nigeria (SiBAN) asked the local central bank to reconsider its anti-cryptocurrency stance and allow commercial banks to transact with digital assets. Earlier, Lamido Yuguda, chairman of the Securities and Exchange Commission of Nigeria (SEC), said that bans on cryptocurrencies only contribute to the informal market.

https://altcoin.ng/sdp-presidential-candidate-promises-to-reduce-unemployment-with-cryptocurrencies/

This one go be yahoo yahoo president