Adebayo Adewole is the Social Democratic Party’s presidential candidate. Adewole has pledged to create up to 30 million jobs for locals. He will use innovations like cryptocurrencies and blockchain business partnerships to do that.
Nigeria’s biggest national problem is the unemployment rate. The unemployment rate peaked this year at around 10 %.
Crypto To The Rescue
Adewole Adebayo recently appeared on television. He promised to use technologies to combat the country’s unemployment issues. Some of the technologies he intends to use include blockchain and cryptocurrencies.
In a TV appearance, Adebayo said his goal is to lower unemployment. He also aims to stimulate the country’s economy, similar to his manifesto.
Adewole claimed he has spoken about the concept with the National Chamber of Commerce and the U S Black Chamber of Commerce. He has served as a general consultant in these organizations for several years. Through his service, he ensured that they had created a large number of jobs around the world.
He concluded that unemployment was the root of the country’s issues. Over the past ten years, Nigeria’s unemployment rate has risen, approaching 10% in 2022. He added that employing government action is an unsuccessful and inadequate way to curb the problem. This is because, in action to generate jobs, the government has never been able to address the issue.
He said there is the surest way to eradicate poverty. Ensuring an individual can find a productive job is the surest way to eliminate poverty. Adebayo thinks by collaborating with 2,000 domestic crypto firms, his administration could lower those numbers. These empowerment initiatives are designed for those who you are unable to hire.
Nigerians Interest In Cryptocurrency
Adebayo’s involvement with the crypto industry could help him increase his support among locals. The beneficiaries are those who have shown a favorable attitude toward the idea.
35% of the Nigerian population between 18 and 60 years has traded in digital assets. The country’s lack of appropriate fiat-based prospects is the main cause of the adoption.
The nation’s current inflation rate exceeded 20% and hit a 17-year high. To protect part of their riches, many residents turned to bitcoin and stablecoins. This is a result of unfavorable macroeconomic conditions and the fall of the naira.
Nigeria has shown great interest in cryptocurrencies. This is data according to the latest survey. The phrases “buy crypto,” “invest in crypto,” and “buy the dip” are the most frequently entered on Google by locals.