Nigerian crypto investors earn 85% of incomes under ₦250,000 monthly, according to the State of Crypto Adoption in Nigeria 2025 report.
Moreover, students make up 43% of crypto users, while freelancers and self-employed professionals constitute the remainder.
Nigerian Crypto Investors Beyond Lagos
Although Lagos accounts for a quarter of respondents, Kaduna, Enugu, Abuja, and Osun are increasingly embracing crypto.
Consequently, many Nigerians turn to crypto for savings, payments, and protection against naira depreciation.
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As a result, stablecoins have become the preferred option, providing stability amid an uncertain economic climate.
Rising Numbers, Limited Global Share
In addition, an estimated 26.3 million Nigerians actively use cryptocurrency, placing the country among the world’s largest user bases.
However, Africa’s contribution to global crypto remains small, representing just 2.3% of transactions last year.
