Crypto Forem

Guoming Fang
Guoming Fang

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Africa’s Most Populous Nation Leading in Cryptocurrency Awareness and Adoption Amid Economic Challenges

Nigeria, with approximately 220 million people, is Africa's most populous country and one of its largest economies, with a GDP of approximately US$374.9 billion in 2023. Agriculture is a vital industry, but high inflation (24.7%) and currency instability (Naira devaluation) are major economic challenges.

A Consensys report (2024) shows that 73% of Nigerians are aware of cryptocurrencies.

Nigeria is indeed one of the countries with the highest cryptocurrency adoption rates globally.

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