Nigerians are protesting against the country's cash shortage a | Moonhub

Nigerians are protesting against the country's cash shortage and the implementation of a central bank digital currency (CBDC). Despite government efforts to encourage adoption, Nigerians prefer cash as CBDCs present risks to financial freedom and privacy without unique benefits. The Nigerian government's restrictions on cash withdrawals have drained the economy of cash, making it difficult for citizens to access their funds. The experience in Nigeria serves as a cautionary tale for other countries considering the implementation of CBDCs.