85% of crypto investors in Nigeria earn below ₦250k
- 85% of Nigeria’s retail crypto investors earn below ₦250,000 per month.
- Students make up 43% of Nigeria’s crypto population.
- Nigeria's crypto industry is dominated by young people rather than high-net-worth individuals.
The findings highlight a significant gap between the high adoption of cryptocurrency in Nigeria and the economic realities of its users. This raises questions about the sustainability of such investments and the potential for growth in a low-income demographic. Further discussion is needed on how to enhance financial literacy and access to better investment opportunities for these individuals.
