Private School In Northern Nigeria To Accept Fees In Cryptocurrencies

A private secondary school in the northern Nigeria city of Kano has adopted cryptocurrency as a means of payment for school fees.

There has been controversy over the use of cryptocurrencies in the West African nation, as in February the country’s banks were banned from dealing in them.

But the proprietor of the school, Sabi’u Musa Haruna, told journalists that the school had decided to collect school fees using cryptocurrencies because of their growing acceptance around the world.

The Proprietor said this while addressing journalists in Kano, stating that the school management took the decision after consulting parents and guardians.

He said paying school fees with digital money was not compulsory.

He further explained that the decision was aimed at easing the strain of payment of school fees for parents, citing that countries like El Salvador and Tanzania had expanded payment options for cryptocurrency users.

He did not give specifics as to which tokens the school will accept for payment.