By Aduragbemi Omiyale
The founder and chief executive of a leading global peer-to-peer (P2P) finance platform, Paxful, Mr Ray Youssef, has said Nigerian youths must be equipped with financial education because they facilitate growth and economic development.
Speaking at the Blockchain Day held recently in Abuja, Mr Youssef said his company has doubled down on its commitment to promote financial literacy among Nigerian youths as part of its efforts to drive economic growth in the country.
“Financial education brings empowerment and entrepreneurship. Nigerian youth are leading a financial revolution, and Bitcoin has already scaled tenfold compared to other regions.
“We must foster that momentum—it will open Nigeria up to the global market, grow local businesses, expand opportunities for international freelancers, and lessen Nigeria’s reliance on international governments who threaten to devalue local commerce. Through Bitcoin, Nigerians will lead the whole of Africa into a financial golden age,” he said in his presentation titled Blockchain for Youth Empowerment.
Putting his words into action, Mr Youssef spoke to hundreds of Nigerian youths in Abuja during a campus tour—discussing the future of finance and how Bitcoin can improve their daily lives.
Students attended from different universities such National Open University of Nigeria (NOUN), Federal College of Education (FCT), and Veritas University Abuja.
Mr Youssef’s goal is to amplify the work and ingenuity of these students. He noted that they are showing other regions how to apply meaning to Bitcoin.
“Bitcoin is more than just an investment asset. It’s proof of the power of Nigerians. With high education but unemployment standing over 30%, you have shown the world how Bitcoin can forge a new path while strengthening a local economy. That’s empowering,” Mr Youssef said.
