Could Nigeria’s Banks Become Obsolete? Experts Debate the CBDC Shift

Central banks around the world are racing to launch digital currencies known as CBDCs. Experts say these new currencies could boost financial inclusion and streamline payments. Critics worry about privacy, government control, and the impact on traditional banks. They question how much financial freedom individuals will retain. What would a CBDC mean for Nigeria’s banking sector? Could it render banks less relevant, or will it create new opportunities for innovation and inclusion?

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