At the African Financial Industry Summit in Casablanca Morocco, Emomotimi Agama, the Director General of the Nigerian Securities and Exchange Commission, revealed that President Bola Ahmed Tinubu embraced the cryptocurrency industry long before Donald Trump did in the United States.
Agama highlighted President Tinubu’s endorsement of cryptocurrency by appointing him to lead the SEC, demonstrating the president’s long-standing affinity for the industry.
Speaking at the summit, Agama discussed various aspects of the African economy, emphasizing the need for capital market integration and reforms on the continent.
Regarding cryptocurrency in Nigeria, Agama praised the current administration for taking necessary steps and credited President Tinubu for his early support of cryptocurrency, even before Trump’s recognition of its potential.
Agama explained that the SEC is working to regulate crypto exchanges and manage associated risks, through initiatives like the Regulatory Incubation and Accelerated Regulatory Incubation program.
He emphasized the agency’s efforts to democratize the cryptocurrency process in Nigeria, benefiting the youth and the broader African population.
