How a CBDC Created Chaos and Poverty in Nigeria

September 01, 2023

by Jan M. Fijor Mises.org

It is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank digital currencies (CBDC) implementation. Not only is it the wealthiest country on the continent where the globalists are making plans, but Nigeria also possesses significant hydrocarbon and metals reserves and talented citizens. For these reasons, it can serve as a relatively good example for the rest of the poorest continents.

Geopolitical considerations are not insignificant. The Davos globalists, who have been present in Nigeria for some time, feel that if they do not take care of Nigeria, the Russians, present there since the Soviet era, will do it. Political interests in Nigeria are also being sought after by the Chinese, who have been building railways, roads, airports, and mining companies in Nigeria while simultaneously cultivating good relationships with tribal and political leaders.