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Consensys Reveals Second Annual Global Survey on Crypto and Web3

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Consensys, a leading blockchain and web3 software company, has released its second annual global survey on web3 and crypto, conducted by YouGov.

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This was disclosed in a statement released on December 10, 2024.

As a follow-up to the initial report published in 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals aged 18-65 in 18 countries across Africa, the Americas, Asia, and Europe.

It provides a global and regional view of perceptions around web3 and its various dimensions: blockchain technology, cryptocurrencies, NFTs, decentralization, the metaverse, and more.

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The survey captures people’s perceptions about the present state of the internet, data privacy, and current events including the rapid adoption of AI and crypto’s integration into the traditional finance sector via products like ETFs.

The first annual Global Survey on Crypto and Web3 was conducted in early 2023 amid a significant downturn in market conditions across the crypto and web3 ecosystem, however the follow-up effort achieved in this 2024 version comes as these conditions shift upwards. The 2024 survey reveals that while still present, barriers to invest in cryptocurrencies are lower than last year and market volatility is still the top barrier cited but is also significantly down from last year.

Two years of global data shows crypto, web3, and blockchain are all being rapidly embraced in key emerging markets like Nigeria, India, and South Africa.
Web3 is a new decentralized, transparent and blockchain-based internet that is not controlled by centralized entities. Web3’s fundamental tenet of decentralization to empower individuals with control over their own data and privacy, offers a solution for people’s frustrations with the current iteration of the internet and its inability to provide this.

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READ ALSO: US Blocks Nigerian’s Cryptocurrency Fraud, Imposes $50,000 Fine

Joseph Lubin, Co-Founder of Ethereum and Founder and CEO of Consensys, said, “The critical role of blockchain and decentralization in enhancing privacy, trust and transparency for how our data is managed cannot be overstated. Our latest survey not only highlights the rising importance of data privacy, with 83% of respondents emphasizing its significance, but also sheds light on pervasive concerns about exploitation and misinformation, a pressing issue amid global elections and the mainstream adoption of AI.”

“Every year, we continue to see positive momentum for the growth and adoption of crypto, blockchain, and web3 — the re-decentralized web. 2024 has been a monumental year for crypto for a variety of reasons, which are rapidly converging to move society and the right direction espoused by the web3 ecosystem, towards far greater economic, social and political agency for all people and communities. The recent U.S. presidential election may lead to significant regulatory clarity, for example. As the world embraces the potential of decentralization and crypto, our industry stands ready to support and empower the next wave of users through education and innovation while solving some of our world’s most complex challenges” Lubin added.

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The survey results present a compelling picture characterized by widespread awareness of crypto and a strong desire for ownership, coupled with confidence in a crypto-led future for Nigeria:
Overwhelming crypto awareness: 99% have heard about cryptocurrencies in Nigeria, with the country further having the highest level of understanding of crypto across the countries surveyed, at 77%.

A desire for more ownership: 84% of Nigerian respondents have at least one crypto wallet and 94% of those aware of NFTs plan to acquire them in the next 12 months.

Concerns over Data Privacy: Data privacy is important to 92% of Nigerians and 87% would like to have more control over their identity on the internet.
In favour of Decentralization: Over half of respondents think that decentralization could improve traditional banking and social media platforms. At least 56% of those aware of web3 used a web3 wallet in the past year (up 16 points over 2023 data) and 34% played blockchain-based games (+7).

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Crypto ownership in Nigeria and India continues to grow, significantly up from last year’s high levels. Furthermore, Nigerian respondents have the highest level of trust in internet services who use their data at 98%, but they are also likely to want more control over their online identity and to expect a share of the profits generated from their data compared to other countries. Nigerians also understand the concept of decentralization best, with 80% aware of it in Nigeria.

Decentralization refers to changes, processes or innovations that seek to reverse or guard against centralization. For example, the internet runs on a decentralized system of servers around the world, Bitcoin runs on a distributed, decentralized ledger and community gardens and microgrids are decentralized approaches to food and energy production, respectively.
Ends.

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FG Makes History Compulsory Subject In Primary, Secondary Schools

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The Federal Government has announced the reintroduction of Nigerian History as a compulsory subject from primary to senior secondary school, 16 years after it was removed from the curriculum in 2009, under the Umaru Musa Yar’Adua administration.

The Federal Ministry of Education announced this in a statement posted on its X handle on Wednesday.

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It said the reintroduction aimed at strengthening national identity, unity, and patriotism among diverse citizens.

“For the first time in decades, Nigerian pupils will study History continuously from Primary 1 to JSS3, while SSS1–3 students will take the new Civic and Heritage Studies, integrating History with Civic Education.

READ ALSO:Back To School: What Parents Must Know As 2025/2026 Session Begins

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“Primary 1–6: Pupils will learn about Nigeria’s origins, heroes, rulers, culture, politics, economy, religions, colonial rule, and post-independence governance.

“JSS1–3: Students will study civilisations, empires, trade, European contacts, amalgamation, independence, democracy, and civic values,” the statement read.

The Ministry said the Honourable Minister of Education, Dr Maruf Alausa, CON, together with the Honourable Minister of State for Education, Professor Suwaiba Sai’d Ahmad, expressed profound gratitude to President Bola Ahmed Tinubu for championing the reform.

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They emphasised that History is not merely a record of the past, but a vital foundation for shaping responsible and patriotic citizens.”

READ ALSO:Plant Trees Alongside With School Construction, Bauchi SUBEB Tells Contractors

According to the Ministers, the reform is a priceless gift to the nation, reconnecting children with their roots while inspiring pride, unity, and commitment to national development.

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The Ministry has released the revised curriculum and will retrain teachers, provide resources, and strengthen monitoring.

The former President Umaru Musa Yar’Adua-led government in 2009 removed history from Nigeria’s basic education curriculum.

READ ALSO:Lagos Begins Monitoring As Schools Resume

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Then, it was justified that students were avoiding it with the claim that there were few jobs for history graduates, and that there was dearth of history teachers.

In 2022, the Ministry of Education under former Minister Adamu Adamu inaugurated the reintroduction of the subject.

The Ministry also trained history teachers at the basic education level in Abuja.

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However, history has always remained optional in the few schools that offer it.

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Police Announce Burial Arrangements For Ex-IG Arase

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The Nigeria Police Force has released the burial arrangements for former Inspector-General of Police Solomon Ehigiator Arase, who died on August 31, 2025, at the age of 69.

Arase, who served as the 18th indigenous Inspector-General of Police, was described by the Force as a dedicated officer remembered for his leadership, philanthropy and commitment to police reforms.

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According to the programme of events signed by the Force Public Relations Officer, CSP Benjamin Hundeyin, released on Wednesday, the burial rites will begin in Abuja on September 24 with a Day of Tribute at the Nigeria Police Resource Centre, Jabi.

READ ALSO:Things To Know About Late Ex-IG Solomon Arase

A requiem mass will follow on September 26 at Holy Trinity Catholic Church, Maitama, while a lying-in-state is scheduled for September 27 at his Abuja residence. His body will then depart for Benin City, Edo State.

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In his hometown, Sabongida Ora, a candlelight procession is slated for September 29.

A valedictory session organised by the Edo State judiciary and the Nigerian Bar Association will hold at the Edo State High Court, Benin, on October 2.

Other activities include a service of songs at St. Paul’s Catholic Church, Airport Road, Benin, on October 2, followed by a family lying-in-state.

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READ ALSO:BREAKING: Former Inspector-General Of Police, Solomon Arase, Is Dead

The funeral mass will take place on October 3 at St. Paul’s Catholic Church, after which interment will be held at his private residence in Benin City.

A reception is planned at the Victor Uwaifo Creative Hub, while a thanksgiving mass will round off the events on October 5.

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Arase, who held national honours including CFR, and was also a PhD holder, was appointed Inspector-General of Police in April 2015 and retired in June 2016.

He died at Cedarcrest Hospital in Abuja after a brief illness.

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Lagos Begins Monitoring As Schools Resume

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The Lagos State Government, through the Office of Education Quality Assurance, has commenced the monitoring of schools for compliance with standards as students resumed activities this week.

The OEQA spokesperson, Adepeju Adeyemi, said in a Wednesday statement sent to newsmen that the inspection began on Monday across the state for schools below the tertiary level.

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The monitoring team, led by the Coordinating Director of OEQA, Remi Abdul, visited several schools, including Dolphin Senior High School, Lagos Island, where the team was received by the Principal/Director, Comfort Agunlejika.

Abdul explained that the purpose of the monitoring was to ensure compliance with the approved resumption date as stated in the Year 2025/2026 Harmonised Academic Calendar.

READ ALSO:Back To School: What Parents Must Know As 2025/2026 Session Begins

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The PUNCH reports that basic and secondary schools in Lagos resumed on September 15, 2025, for the First Term of the Y2025/2026 session.

According to the approved 2025/2026 harmonised calendar made available to our correspondent, the First Half of the term is scheduled for September 15 to October 31, 2025, with a duration of 34 days. The second half will commence from November 10 to December 19, 2025, with a duration of 34 days. In between the halves are Open Day and Mid-Term Break.

Abdul noted that the monitoring team deployed was also verifying whether school administrators held pre-resumption meetings and whether key teaching and statutory records, such as lesson notes, diaries, and makeshift attendance registers, were in place for the smooth take-off of the new academic session.

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READ ALSO:Kano, Lagos, Oyo Lead As Over 60% Pass 2025 NECO SSCE

While addressing SSS 3 students, Abdul encouraged them to take their academics seriously, noting that how well they perform this term would determine their transition to higher education. He urged them to read well, stay focused, avoid skipping classes and begin early preparation for their WASSCE examinations,” the statement said.

He also encouraged teachers to remain dedicated and committed to delivering quality education.

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