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More and more innovation in Nigeria thanks to Bitcoin (BTC)

More and more innovation in Nigeria thanks to Bitcoin (BTC)

Although it is the largest economy on the African continent, the Federation of Nigeria still faces difficulties in ensuring the satisfaction of certain basic needs of its population. In this regard, sustainable and equitable access to drinking water remains a major challenge. More than 86% of the over 200 million inhabitants do not have access to a source of safe drinking water. The foundation Built With Bitcoin, which is involved in humanitarian work, especially in disadvantaged regions, has decided to provide a solution to this problem, if only on a small scale.

Water and bitcoin (BTC) training.

Facing the difficulties of access to water in the village of Igbaruku located in Kogi State, in the north of Nigeria, the Built With Bitcoin foundation initiated and completed last May a project to build a borehole, able to serve drinking water on the water demand of 1,000 people.

The construction of the infrastructure required an investment of 6,000 dollars, mobilized in BTC and provided by the donors of the foundation. Among them is the leading crypto daily, Bitcoin Magazine and its parent company, BTC Inc.

Until then, the community of this village had to travel several kilometers to get supplies at a water point that is not of good quality. In addition, the water that the inhabitants of Igbaruku drank for several years resulted in the appearance of various health problems. In addition to the quality of life, the unavailability of water affects the academic performance of learners and creates security problems for local women and children.

“At the Built With Bitcoin Foundation, we work around the world to provide clean water, access to quality education, sustainable agriculture and humanitarian support to communities, thanks to Bitcoin (…) Thanks to the donations collected (…), this community in Nigeria has a new water system that keeps them hydrated and healthy, allowing them to thrive in school, work and life.”said Yusuf Nessary, co-founder and director of philanthropy at Built With Bitcoin.

It should be noted that training in the local language, BTC and financial inclusion of local populations was carried out during the construction of the water system.

After participating in September 2021, together with Paxful, in a large donation in favor of the Human Rights Foundation in Nigeria, Built With Bitcoin announced that it had funding to build a water point in a small village in the state from Kogi. A project that is part of his desire to provide solutions to the problems of access to water in the most disadvantaged regions of the world.

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